The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information. A direct implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.
Daniel Kahneman is an Israeli-American psychologist and economist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences. His empirical findings challenge the assumption of human rationality prevailing in modern economic theory.
Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors in the decisions of individuals or institutions, and how these decisions deviate from those implied by classical economic theory.
George Arthur Akerlof is an American economist and a university professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley. Akerlof was awarded the 2001 Nobel Memorial Prize in Economic Sciences, jointly with Michael Spence and Joseph Stiglitz, "for their analyses of markets with asymmetric information."
In contract theory and economics, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other.
Richard H. Thaler is an American economist and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2015, Thaler was president of the American Economic Association.
The Frankfurt Book Fair is the world's largest trade fair for books, based on the number of publishing companies represented. It is considered to be the most important book fair in the world for international deals and trading. The five-day annual event in mid-October is held at the Frankfurt Trade Fair grounds in Frankfurt am Main, Germany. The first three days are restricted exclusively to professional visitors; the general public attend the fair on the weekend.
The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members.
Michael Monroe Lewis is an American author and financial journalist. He has also been a contributing editor to Vanity Fair since 2009, writing mostly on business, finance, and economics. He is known for his nonfiction work, particularly his coverage of financial crises and behavioral finance.
Robert James Shiller is an American economist, academic, and author. As of 2022, he served as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was vice president of the American Economic Association in 2005, its president-elect for 2016, and president of the Eastern Economic Association for 2006–2007. He is also the co‑founder and chief economist of the investment management firm MacroMarkets LLC.
Animal spirits is a term used by John Maynard Keynes in his 1936 book The General Theory of Employment, Interest and Money to describe the instincts, proclivities and emotions that ostensibly influence and guide human behavior, and which can be measured in terms of, for example, consumer confidence.
Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (2009) is a book written to promote the understanding of the role played by emotions in influencing economic decision making. According to the authors, economists have tended to de-emphasize the importance of emotional factors, as the effects of emotions are difficult to model and quantify. The book asserts that a variety of otherwise puzzling questions can be answered once one allows for the effect that emotional drives, or "animal spirits," have on economic factors.
Benedikt Taschen is a German publisher and contemporary art collector. He is the founder and managing director of the publishing house Taschen, one of the most successful international publishers, with illustrated publications on a range of themes including art, architecture, design, film, photography, pop culture, and lifestyle.
Financial Times Business Book of the Year Award is an annual award given to the best business book of the year as determined by the Financial Times. It aims to find the book that has "the most compelling and enjoyable insight into modern business issues". The award was established in 2005 and is worth £30,000. Beginning in 2010, five short-listed authors each receive £10,000, previously it was £5,000.
think: act is a publication title created by Roland Berger Strategy Consultants. Since 2004, various kinds of publications for international leaders have been collected under the brand think: act. Among these are magazines, information brochures and books.
Viktor Mayer-Schönberger is Professor of Internet Governance and Regulation at the Oxford Internet Institute, University of Oxford. He conducts research into the network economy. Earlier he spent ten years on the faculty of Harvard's John F. Kennedy School of Government. He is the co-author of Big Data: A Revolution That Will Transform How We Live, Work, and Think and author of Delete: The Virtue of Forgetting in the Digital Age, which won the 2010 Marshall McLuhan Award for Outstanding Book and the 2010 Don K. Price Award for Best Book in Science and Technology Politics, and has written over a hundred articles and book chapters. He is a member of Germany's Digital Council, advising Angela Merkel and her cabinet.
Jeremy James Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania. Siegel comments extensively on the economy and financial markets. He appears regularly on networks including CNN, CNBC and NPR, and writes regular columns for Kiplinger's Personal Finance and Yahoo! Finance. Siegel's paradox is named after him.
Gernot Wagner is an Austro-American climate economist at Columbia Business School. He holds an AB and a PhD in political economy and government from Harvard University, as well as an MA in economics from Stanford University. A founding co-director of Harvard's Solar Geoengineering Research Program (2017-2019) he joined the faculty of New York University in 2019, moving to Columbia University in 2022. Wagner writes a monthly column for Project Syndicate, and is the co-author, with Martin L. Weitzman, of Climate Shock, a Top 15 Financial Times-McKinsey Business Book of the Year 2015. He won the "Austrian of the Year" award in 2022, awarded by Austrian daily Die Presse.
Pero Mićić is a German professor for Foresight and Strategy at Steinbeis-Hochschule Berlin, as well as author, public speaker and management consultant. He is the founder and CEO of the FutureManagementGroup AG. Mićić lives in Eltville, Germany.
J. Erik Fyrwald is an American businessman and Chief Executive Officer of the Syngenta Group. He serves executive director of the board of directors and chairman of the Syngenta Foundation.
