Anomalies: The Law of One Price in Financial Markets
نویسندگان
چکیده
Economics can be distinguished from other social sciences by the belief that most (all?) behavior can be explained by assuming that rational agents with stable, well-de ned preferences interact in markets that (eventually) clear. An empirical result quali es as an anomaly if it is dif cult to rationalize or if implausible assumptions are necessary to explain it within the paradigm. Suggestions for future topics should be sent to Richard Thaler, c/o Journal of Economic Perspectives, Graduate School of Business, University of Chicago, Chicago, IL 60637, or ^[email protected]&.
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