Inefficient markets: an introduction to behavioral finance

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 m...

Full description

Saved in:
Bibliographic Details
Main Author: Shleifer, Andrei 1961- (Author)
Format: Book
Language:English
Published: Oxford [u.a.] Oxford Univ. Press 2000
Edition:1. publ.
Series:Clarendon lectures in economics
Subjects:
Online Access:Beschreibung für Leser
Inhaltsverzeichnis
Autorenbiografie
Inhaltsverzeichnis
Summary: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.
Item Description:Hier auch später erschienene, unveränderte Nachdrucke
Physical Description:VIII, 216 S. graph. Darst.
ISBN:0198292287
0198292279
9780198292272

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Indexes
Indexes