stxx meinte am 29. Nov, 16:32:
I exactly knew when I was telling you that I was afraid of not properly formulating the question I was asking myself which answer you would give here. Hence, your reaction could not surprise me less. Next time I will try to communicate my point better.
Mahalanobis antwortete am 29. Nov, 23:14:
Rational Expectations
But I agreed with almost everything you said at the Investment Dinner at the Hotel Intercontinental. I'd recommend picking a specific topic (e.g. effect due to varying time-horizon of investors) where information is readily available. Fooling around with Wiener and Ornstein-Uhlenbeck processes is fun but, as you pointed out, lots of brain gymnastics that doesn't yield much insight in the inner-working of the system.
