For Investors, Costly Academic Studies - Wall Street Journal (blog)
http://blogs.wsj.com/ideas-market/2012/11/07/for-investors-costly-academic-studies/That's the finding of a couple of finance professors who looked at 82 market anomalies exploited by investors and then described in academic papers. In a working paper, the authors estimate that “the average anomaly's post-publication return decays by ...
Submitted in section: Paranormal news 2012: For Investors, Costly Academic Studies - Wall Street Journal (blog)