Answer the following based on the article:

1. What does the Chicago school of thought (where Fama was educated) say about financial markets?

What is the contrary opinion in the Austrian school of thought (Thaler's line of thought) regarding financial markets?

2. What are three real life problems associated with the behavior of financial markets? 8. Define, according to the WSJ article, efficient market theory.

3. Define, according to the WSJ article, the behaviorists view of financial markets.

4. Messrs. Thaler and Fama both advise on money management.

Define both Messrs. Thaler and Fama's investment style and assets under management.

Article: https://www.wsj.com/articles/SB109804865418747444