{"id":8,"date":"2009-10-18T16:37:48","date_gmt":"2009-10-19T00:37:48","guid":{"rendered":"http:\/\/www.davidclausen.org\/tower\/?p=8"},"modified":"2009-11-15T16:43:48","modified_gmt":"2009-11-16T00:43:48","slug":"the-myth-of-the-rational-market-a-history-of-risk-reward-and-delusion","status":"publish","type":"post","link":"https:\/\/www.davidclausen.org\/tower\/2009\/10\/18\/the-myth-of-the-rational-market-a-history-of-risk-reward-and-delusion\/","title":{"rendered":"The Myth of the Rational Market: A History of Risk, Reward, and Delusion"},"content":{"rendered":"<p><a href=\"http:\/\/www.amazon.com\/gp\/product\/0060598999?ie=UTF8&amp;tag=rebuithetower-20&amp;linkCode=as2&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0060598999\">The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street<\/a><img loading=\"lazy\" decoding=\"async\" style=\"border:none !important; margin:0px !important;\" src=\"http:\/\/www.assoc-amazon.com\/e\/ir?t=rebuithetower-20&amp;l=as2&amp;o=1&amp;a=0060598999\" border=\"0\" alt=\"\" width=\"1\" height=\"1\" \/><br \/>\nBy Justin Fox 2009<br \/>\n400 pages<\/p>\n<p>A history of the Rational Market hypothesis.\u00a0 Chronicles the first rigorous use of mathematics and game theory to study economic behavior, the people who did it and its effects on financial markets.\u00a0 Documents the movement of ideas about the rational market from economics to finance and finally to large trading operations.\u00a0 Shows how academic theories leave the tower through the work of many prominent economists and what they leave behind in the process.\u00a0 Take away message: A theory is only as good as its assumptions.\u00a0 People are creatures of habit with little historical perspective.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street By Justin Fox 2009 400 pages A history of the Rational Market hypothesis.\u00a0 Chronicles the first rigorous use of mathematics and game theory to study economic behavior, the people who did it and its effects on financial markets.\u00a0 Documents [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,5],"tags":[],"class_list":["post-8","post","type-post","status-publish","format-standard","hentry","category-books","category-nonfiction"],"_links":{"self":[{"href":"https:\/\/www.davidclausen.org\/tower\/wp-json\/wp\/v2\/posts\/8","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.davidclausen.org\/tower\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.davidclausen.org\/tower\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.davidclausen.org\/tower\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.davidclausen.org\/tower\/wp-json\/wp\/v2\/comments?post=8"}],"version-history":[{"count":5,"href":"https:\/\/www.davidclausen.org\/tower\/wp-json\/wp\/v2\/posts\/8\/revisions"}],"predecessor-version":[{"id":12,"href":"https:\/\/www.davidclausen.org\/tower\/wp-json\/wp\/v2\/posts\/8\/revisions\/12"}],"wp:attachment":[{"href":"https:\/\/www.davidclausen.org\/tower\/wp-json\/wp\/v2\/media?parent=8"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.davidclausen.org\/tower\/wp-json\/wp\/v2\/categories?post=8"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.davidclausen.org\/tower\/wp-json\/wp\/v2\/tags?post=8"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}