Yet we have big literature showing that not only isn't it a problem, the possibility of manipulators actually *increases* market accuracy: https://www.overcomingbias.com/2009/11/rah-price-manipulators.html …
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And the fact that most people aren't well informed is a common fact that all institutions much face. We have much larger literature on market efficiency suggesting markets compare favorably to all other info institutions.
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