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Inefficient markets an introduction to behavioral finance

The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, le.

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  • "Describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents and empirically evaluates models of such inefficient markets."
  • "The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, le."@en
  • "The Efficient Markets Hypothesis has been the central proposition of finance for nearly 30 years. This book, by one of the foremost US economists, presents an alternative view of financial markets: behavioral finance."

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  • "Electronic books"@en
  • "Llibres electrònics"

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  • "Inefficient Markets : an Introduction to Behavioral Finance"
  • "Inefficient markets an introduction to behavioral finance"
  • "Inefficient markets an introduction to behavioral finance"@en
  • "Inefficient markets"
  • "Inefficient Markets an introduction to behavioral finance"
  • "Inefficient markets : an introduction to behavioral finance"@en
  • "Inefficient markets : an introduction to behavioral finance"
  • "Inefficient Markets"

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