Inefficient markets An introduction to behavioral finance
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 f...
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| Tác giả khác: | |
| Ngôn ngữ: | Undetermined English |
| Được phát hành: |
Oxford,New York
Oxford University Press
2000
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| Những chủ đề: | |
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| Thư viện lưu trữ: | Trung tâm Học liệu Trường Đại học Trà Vinh |
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| LEADER | 01532nam a2200277Ia 4500 | ||
|---|---|---|---|
| 001 | TVU_13055 | ||
| 008 | 210423s9999 xx 000 0 und d | ||
| 020 | |a 0198292279 | ||
| 020 | |a 9780198292272 | ||
| 041 | |a eng | ||
| 082 | |a 332.6 | ||
| 082 | |b A105 | ||
| 100 | |a Shleifer, Andrei | ||
| 245 | 0 | |a Inefficient markets | |
| 245 | 3 | |b An introduction to behavioral finance | |
| 245 | 0 | |c Andrei Shleifer | |
| 260 | |a Oxford,New York | ||
| 260 | |b Oxford University Press | ||
| 260 | |c 2000 | ||
| 300 | |a viii, 216 p. | ||
| 300 | |b ill. | ||
| 300 | |c 23 cm | ||
| 520 | |a 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, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents models of such markets. These models explain the available financial data more accurately than the efficient markets hypothesis, and generate new predictions about security prices. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets | ||
| 650 | |a Stocks; Investments | ||
| 700 | |a Andrei Shleifer | ||
| 980 | |a Trung tâm Học liệu Trường Đại học Trà Vinh | ||