Is the Price Right? Two Nobel Laureates Debate How Markets Work

Are prices in financial markets fair and accurate? Or do they reflect human biases? These questions, and variations on them, represent one of the most divisive topics in finance: just how efficient markets really are. To explore this subject at the highest level, on this episode of the Chicago Booth Review Podcast we revisit a conversation from 2016 with two of Booth’s Nobel laureates in economics: Eugene F. Fama and Richard H. Thaler.