# Prof. Thomas Philippon's research on the efficiency of Wall Street is featured

1 Faculty News April 14, 2012 ![Huffington Post logo](/sites/default/files/styles/246w/public/assets/images/huffpost192x144.jpg?itok=sF2Y0c9v)>

Excerpt from [The Huffington Post](http://www.huffingtonpost.com/2012/04/14/wall-street-inefficient_n_1424752.html?ref=business) -- "So why has Wall Street gotten so inefficient, flying in the face of market theory? [Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon) offers one possible reason: Technological advancements have actually increased trading activity, which makes more money for Wall Street, but doesn't do anything for its efficiency."

[Read more](http://www.huffingtonpost.com/2012/04/14/wall-street-inefficient_n_1424752.html?ref=business)

Additional coverage appeared in [The New Republic](http://www.tnr.com/blog/timothy-noah/102680/wall-streets-inefficiency).