Mainstream economics and finance theories hold that markets immediately adjust to new information. While market prices do ...

Key takeawaysIntercontinental Exchange (ICE)’s blockchain-based initiative is about upgrading market infrastructure, not adopting cryptocurrencies. It intends to use blockchain for improving ...

Financial markets exist to match capital, risk, liquidity, and counterparties. When cognition is expensive, matching remains coarse. Markets operate at higher resolution. And when resolution increases ...

Discover how allocational efficiency optimizes resource use, balancing societal needs with economic growth. Learn essential ...

In our last article entitled, "Intrinsic Value is Subjective," we presented decisive empirical evidence that directly falsified the Efficient Market Hypothesis (EMH). We showed that even under ...

Digital assets are rapidly changing the landscape of traditional finance, with cryptocurrencies and blockchain technology moving from the fringes to the mainstream. As investors, institutions, and ...

Discover the role of the financial account in the balance of payments, covering claims on nonresidents and assets like ...

Today's investors aren't just looking for money management—they demand personalized advice that aligns with their unique goals and life circumstances. For firm home offices, this creates a high-stakes ...