I think corporate finance may have touched a nerve. Was it an online university?
I'm already across Amos Tversky & Daniel Kahneman. The theory that people do not behave rationally to maximise their wealth allows for sophisticated investors to gain an edge on novices like KittyKitty. So in reality, provided you play in a liquid market, that theory is also priced in. Hint: if you model out the cost per patient and the number of patients across the trials against Imugene's capital ( + options & rebates), unless HerVaxx delivers a licensing deal or a product buyout within 18 months, there won't be enough cash for this company to fund the rest of the trials to statistical efficacy.
Richard Thaler runs the same irrational theory. No different to his other Israeli mates that once fraternised on WallStreet. They said 'humans can't behave like a computer...' True in the 1960s but that's a little outdated don't you think given 90% of financial markets are computer driven. I prefer to sit in my mum's basement eating doritos and spamming the refresh button on Trumps twitter account and acting accordingly. Cheers, Ghost.
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