Highlights – August 2013

Now, let's take a look at the most important research findings from various fields of study.

Economists argue that markets usually reflect rational behavior, that is, the dominant players in a market — such as the hedge-fund managers who make billions of dollars' worth of trades — almost always make well-informed and objective decisions.

Psychologists, on the other hand, say that markets are not immune from human irrationality, whether that irrationality is due to optimism, fear, greed, or other forces.

Now, a new analysi.....