His academic work has been on pensions and labor market theory.

他的学术方向是养老金问题和劳动力市场原理。

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The results have been stunning, consistent with classic free-market theory.

结果是让人惊讶的，完全符合古典自由市场理论。

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“Free-market theory works great for discretionary consumer purchases,” says Hauter.

“自由市场理论最能说明消费者的肆意消费行为”，豪特说。

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If some of the things they predict don't come true, the theory has to be disregarded and there are many, many, many counter examples to financial market efficiencies.

如果预测的一些事情并没有成为现实，那么这些理论就会被摒弃而且我们也有很多，很多，与金融市场有效论相反的例子。

耶鲁公开课 - 金融市场课程节选

Perhaps this is because investors are not the perfectly informed paragons found in efficient-market theory.

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The Biderman Market Theory says that every market has a house and players.

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The Biderman Market Theory says that in all markets there is the house and then there are the players.

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