The Standard Finance Theory holds that investors are rational, and the security market is efficient due to the possibility of perfect arbitrage, even if most of the investors are irrational.
标准金融学认为,投资者是理性人,即使大部分投资者是非理性人,但是由于完美套利的存在,市场也将是有效市场。
The Standard Finance Theory holds that investors are rational, and the security market is efficient due to the possibility of perfect arbitrage, even if most of the investors are irrational.
标准金融学认为,投资者是理性人,即使大部分投资者是非理性人,但是由于完美套利的存在,市场也将是有效市场。
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