This resonates with my experience in the financial markets especially in the derivative markets. Quite often the financial market is quite efficient in the first order, but less efficient in second and third order where it is more neglected. And further down the orders the significance diminishes even if neglected.
This resonates with my experience in the financial markets especially in the derivative markets. Quite often the financial market is quite efficient in the first order, but less efficient in second and third order where it is more neglected. And further down the orders the significance diminishes even if neglected.