Advances in Behavioral Finance, Volume II: Limits to Arbitrage""; ""Chapter 2 The Limits of Arbitrage ""; ""Chapter 3 How Are Stock Prices Affected by the Location of Trade?""; ""Chapter 4 Can the Market Add and Subtract? Mispricing in Tech Stock Carve-outs""; ""Part II: Stock Returns and the Equity Premium""; ""Chapter 5 Valuation Ratios and the Long-run Stock Market Outlook: An Update""; ""Chapter 6 Myopic Loss Aversion and the Equity Premium Puzzle""
Auteur : Auteur inconnu
Date de publication : 1993
Éditeur : Russell Sage Foundation
Nombre de pages : 721
Résumé du livre
This book offers a definitive and wide-ranging overview of developments in behavioral finance over the past ten years. In 1993, the first volume provided the standard reference to this new approach in finance--an approach that, as editor Richard Thaler put it, ""entertains the possibility that some of the agents in the economy behave less than fully rationally some of the time."" Much has changed since then. Not least, the bursting of the Internet bubble and the subsequent market decline further demonstrated that financial markets often fail to behave as they would if trading were truly domin.