Laureates Eugene Fama (left), Lars Peter Hansen (centre) and Robert Shiller could teach Congress a thing or two. Photos: EPA, AFP, AP Laureates Eugene Fama (left), Lars Peter Hansen (centre) and Robert Shiller could teach Congress a thing or two. Photos: EPA, AFP, AP
Laureates Eugene Fama (left), Lars Peter Hansen (centre) and Robert Shiller could teach Congress a thing or two. Photos: EPA, AFP, AP
Lifestyle

Lessons for US politicians in Nobel winners' efficient markets theories

Congressmen would do well to study Nobel trio's work on efficient markets and grasp how their own actions make them inefficient

Tom Yam
Tom Yam

Updated: 5:26am, 20 Oct, 2013

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Laureates Eugene Fama (left), Lars Peter Hansen (centre) and Robert Shiller could teach Congress a thing or two. Photos: EPA, AFP, AP Laureates Eugene Fama (left), Lars Peter Hansen (centre) and Robert Shiller could teach Congress a thing or two. Photos: EPA, AFP, AP
Laureates Eugene Fama (left), Lars Peter Hansen (centre) and Robert Shiller could teach Congress a thing or two. Photos: EPA, AFP, AP
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