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Science 26 February 1999:
Vol. 283. no. 5406, p. 1245
DOI: 10.1126/science.283.5406.1245
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News Focus

Can the Market Be Outwitted?

David Kestenbaum

Arbitrage traders say the marketplace is filled with tiny anomalies that can be exploited for hefty profits. Some economists say that the market is too efficient for that to be a viable strategy. But a growing number of economists have started to think about the market as something other than a well-lubricated machine.

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Science. ISSN 0036-8075 (print), 1095-9203 (online)