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cover of episode WS MoreOrLess: Nobel Prize puzzle

WS MoreOrLess: Nobel Prize puzzle

2013/10/19
logo of podcast More or Less: Behind the Stats

More or Less: Behind the Stats

Shownotes Transcript

Tim Harford tells the story of how two economists who disagree with each other have been jointly awarded the Nobel Prize. Eugene Fama has shown that stock markets are efficient, while Robert Shiller has shown that they're not. Tim interviews both professors about their findings, and this apparent contradiction.