Following Eugene Fama, a Professor of Finance at the
A great Michael Lewis article about a stock dealer who came around to the Fama viewpoint.
Fama versus the Behaviorists
Let us see how rational a decision maker you are. You are to consider the following scenario about Linda and then you must rank the three alternatives according to their likelihood, from most likely to least likely. Also provide a brief explanation for your rankings. Linda is thirty-one years old, single, outspoken, and very bright. She majored in philosophy. As a student, she was deeply concerned with issues of discrimination and social justice, and also participated in anti-nuclear demonstrations.
1. Linda is active in the feminist movement;
2. Linda is a bank teller;
3. Linda is a bank teller and is active in the feminist movement.