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Part 3, Market Pricing Continued, Financial Experts and Other Make
Part 3, Market Pricing Continued, Financial Experts and Other Make

... You and Me,” independently thinking groups (like capital markets) are better at arriving at accurate answers than even the smartest individuals in the group. That’s in part because their wisdom is already bundled into prices, which adjust with great speed and relative accuracy to any new, unanticipa ...
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quantitative finance after the recent financial crisis

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Public finance

Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.The purview of public finance is considered to be threefold: governmental effects on (1) efficient allocation of resources, (2) distribution of income, and (3) macroeconomic stabilization.
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