The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street

By J. Fox. 2009

226 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Tantalus on the Road to Asymptopia (2010, background): “Justin Fox (2009) suggests in his title The Myth of the Rational Market, A History of Risk, Reward, and Delusion on Wall Street that we have been making a modeling error and that the problems lie in the assumption of rational actors, which presumably can be remedied by business-as-usual after…”
Sustainable Development and Financial Markets (2016, background): “Yet, this latter view would also imply that in the past few years we have not learnt very much from the widespread behavioral—sometimes irrational and emotional— forces, such as price bubbles and busts, which distorted financial markets everywhere (Fox, 2009).”
Fair value accounting, financial economics and the transformation of reliability (2010, background): “Furthermore, the Efficient Markets Hypothesis as one of the leading tenets of modern financial theory has been proclaimed ‘dead’ (Time, 22 June 2009; Fox, 2009).”
Corporate Social Responsibility, Noise, and Stock Market Volatility (2012, background): “The history of financial markets, however, suggests that equity markets are subject to a wide variety of social dynamics unrelated to business fundamentals and investors’ utility calculations (Cassidy, 2009; Fox, 2009).”