Joe Walker interviews Eugene Fama (Nobel '13) with the title "For Whom is the Market Efficient?" (The Joe Walker podcast, December 31, 2024). Here are some bits and pieces of their exchange that caught my eye. Are financial markets efficient? WALKER: Gene, I was talking with a few friends who work in high finance in preparation

Conversable Economist

10.01.2025

Happy Public Domain Day 2025 - Conversable Economist

For most of us, January 1 is New Year's Day. But for the copyright lawyers among us, it is Public Domain Day, when a new batch of copyright materials first published back in the 1920s lose their intellectual property protection. Jennifer Jenkins and James Boyle, who direct the Duke Center for the Study of the

Conversable Economist

14.01.2025

Interview with Myron Scholes: On Academic Finance and the Black-Scholes Option Pricing Formula - Conversable Economist

Jon Hartley interviews Myron Scholes (Nobel '97) on "Academic Finance, Black-Scholes Options Pricing, and Regulation"("Capitalism and Freedom in the 21st Century" podcast, January 5, 2025). The interview includes insights about what was happening in economic finance in the 1960s and 1970s after the "big bang" represented by the work of Harry Markowitz. Here are a

Conversable Economist

15.01.2025

Will AI Bring an “Intention Economy”? - Conversable Economist

Back in the 1971, Herbert Simon (Nobel '78) published an essay on the "attention economy." It famously noted that "a wealth of information creates a poverty of attention." He offered insights about how economic organizations (and people) needed mechanisms to receive and process large amounts of information, and then pass only the relevant portion of

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Interview with Eugene Fama: For Whom are Financial Markets Efficient? - Conversable Economist

Happy Public Domain Day 2025 - Conversable Economist

Interview with Myron Scholes: On Academic Finance and the Black-Scholes Option Pricing Formula - Conversable Economist

Will AI Bring an “Intention Economy”? - Conversable Economist

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