Is there any evidence at all that markets are good at predicting paradigm shifts? Not my field but I would not be surprised by the “no” answer.
Markets as often-efficient in-sample predictors, and poor out-of-sample predictors, would be my base intuition.
Is there any evidence at all that markets are good at predicting paradigm shifts? Not my field but I would not be surprised by the “no” answer.
Markets as often-efficient in-sample predictors, and poor out-of-sample predictors, would be my base intuition.