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In what ways have economists attempted to reconcile traditional objective stock pricing based on financials with the idea that the value of a thing is not determined by any inherent property of the good but instead by the importance an individual places on a thing?

Wouldn't this mean that the current price of a stock is always the correct price? The words overpriced and underpriced are thrown around a lot in the investing community but are these views not based in a false belief in an inherent objective price?



Submitted March 31, 2019 at 09:14PM by Sejanes https://ift.tt/2CMxeNM

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