Noise Trading, Bubbles, and Excess Stock Market Volatility: Noah Smith and Robert Shiller and Andrei Shleifer and Jeremy Greenwood vs. John Cochrane and Gene Fama and Company: Progressive vs. Degenerative Research Programs in Finance: The Honest Broker for the Week of January 11, 2014

Noah Smith has a very nice post this morning: Noah Smith: Risk premia or behavioral craziness?: John Cochrane is quite critical of Robert Shiller…. He… thinks that Shiller is trying […]