this post was submitted on 05 Jan 2025
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[–] kalpol 1 points 3 days ago (1 children)

I was sold at Efficient Market Hypothesis

[–] [email protected] 1 points 3 days ago (1 children)
[–] kalpol 1 points 3 days ago

Asset prices reflect all the information that everyone knows about the asset. So wands are not efficiently priced because the wand chooses the owner, but robes are generally fungible so should be priced efficiently