Are Financial Markets Efficient? - Exploring Market Efficiency and Investor Behavior

Explore the concept of market efficiency and its implications in this 55-minute lecture by Raghavendra Rau, the Mercers School Memorial Professor of Business and Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School. Delve into the crucial idea in finance that markets fully reflect all available information and examine how this relates to market bubbles. Investigate recent phenomena such as the exorbitant prices paid for Non-Fungible Tokens and meme stocks. Discover systematic behavioral biases exhibited by investors and learn how these can be used to predict returns. Gain insights into the complexities of financial markets and investor behavior in this thought-provoking presentation from Gresham College's extensive collection of free public lectures.