WS MoreOrLess: Nobel Prize puzzle
Tim Harford tells the story of how two economists who disagree with each other have...
More or Less · BBC Radio 4
October 19, 20139m 35s
Audio is streamed directly from the publisher (open.live.bbc.co.uk) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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.