Inefficient Markets An Introduction to Behavioral Finance |
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| Author:
| Shleifer, Andrei |
| Series title: | Clarendon Lectures in Economics |
| ISBN: | 978-0-19-829228-9 |
| Publication Date: | Jun 2000 |
| Publisher: | Oxford University Press
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| Book Format: | Hardback |
| List Price: | AUD $284.55AUD $354.00 |
Book Description:
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The Efficient Markets Hypothesis has been the central proposition of finance for nearly thirty years. This book, by a leading economist, presents an alternative view of financial markets: behavioral finance. Shleifer demonstrates the oversimplification of EMH both in the common assumption of perfect rationality and the failure of arbitrage to adjust prices correctly.
The Efficient Markets Hypothesis has been the central proposition of finance for nearly thirty years. This book, by a leading economist, presents an alternative view of financial markets: behavioral finance. Shleifer demonstrates the oversimplification of EMH both in the common assumption of perfect rationality and the failure of arbitrage to adjust prices correctly.