Technological Revolutions: Why Markets Struggle to Price Innovation
Stock prices associated with emerging technologies often exhibit characteristics resembling economic “bubbles,” a phenomenon observed during the spread of both railroad technology in the 19th century and the internet in the late 20th and early 21st, according to research published in 2009 by economists Ľuboš Pástor and Pietro Veronesi. The research, initially appearing in the … Read more