Re:Markets are efficient if and only if P=NP (2010)
by tshaddox on Wednesday October 21, 2020 @01:31PM
(#24850100)
> This is like saying “life is NP-hard.” Like, yeah, of course it is. That doesn’t mean we aren’t pretty good at doing the right thing and rationality (like EMH) is a good, if imperfect tool to analyze behavior.
Most importantly, it doesn't mean that any alternative to markets are not also NP-hard.
Most importantly, it doesn't mean that any alternative to markets are not also NP-hard.