Finance: Managed Equity Fund- Eugene Fama & Richard Thaler- Market Efficiency & Behavioural Finance- Essay Writing Assignment

Internal Code: 1HCCF

Essay Writing Assignment:

Task: You work as a researcher at an actively managed equity fund. Your supervisor makes the following statement to you. “Eugene Fama won the Nobel Prize in Economics in 2013 and Richard Thaler won it in 2017. Their views on market efficiency and behavioural finance are, however, quite different.” She assigns you the task of writing a critical essay evaluating the arguments of the two Nobel Laureates and the implications of these for the fund. You should utilise existing literature (scholarly journals) on market efficiency and behavioural finance as well as real world examples to support your arguments. Your essay should include a conclusion on market efficiency and any implications of your research for the future direction of the fund.