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Inefficient Markets: An Introduction to Behavioral Finance

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Inefficient Markets: An Introduction to Behavioral Finance - Shleifer, Andrei
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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.

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Inefficient Markets: An Introduction to Behavioral Finance 2000, Oxford University Press, USA

ISBN-13: 9780198292272

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