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Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics) - Softcover
Synopsis
The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. 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.
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About the Author
Andrei Shleifer is professor of Economics at Harvard University.
"About this title" may belong to another edition of this title.
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Inefficient Markets : An Introduction to Behavioral Finance
Published by
Oxford University Press, Incorporated, 2000
ISBN 10: 0198292279
ISBN 13: 9780198292272
Used
Softcover
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Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics)
Published by
Oxford University Press, 2000
ISBN 10: 0198292279
ISBN 13: 9780198292272
Used
Paperback
Seller: WorldofBooks, Goring-By-Sea, WS, United Kingdom
Seller rating 5 out of 5 stars
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Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics)
Published by
Oxford University Press, 2000
ISBN 10: 0198292279
ISBN 13: 9780198292272
Used
Paperback
Seller: WorldofBooks, Goring-By-Sea, WS, United Kingdom
Seller rating 5 out of 5 stars
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Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics)
Published by
Oxford University Press, 2000
ISBN 10: 0198292279
ISBN 13: 9780198292272
Used
Paperback
Seller: WorldofBooks, Goring-By-Sea, WS, United Kingdom
Seller rating 5 out of 5 stars
Paperback. Condition: Good. The book has been read but remains in clean condition. All pages are intact and the cover is intact. Some minor wear to the spine. Seller Inventory # GOR003526895
Quantity: 1 available
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Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics)
Published by
Oxford University Press, 2000
ISBN 10: 0198292279
ISBN 13: 9780198292272
Used
Softcover
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Condition: Poor. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Book contains pen & pencil markings. In poor condition, suitable as a reading copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,400grams, ISBN:9780198292272. Seller Inventory # 8246447
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Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics)
Published by
Oxford University Press, 2000
ISBN 10: 0198292279
ISBN 13: 9780198292272
Used
Softcover
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Condition: good. Befriedigend/Good: Durchschnittlich erhaltenes Buch bzw. Schutzumschlag mit Gebrauchsspuren, aber vollständigen Seiten. / Describes the average WORN book or dust jacket that has all the pages present. Seller Inventory # M00198292279-G
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Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics)
Published by
Oxford University Press, 2000
ISBN 10: 0198292279
ISBN 13: 9780198292272
Used
Softcover
Seller: medimops, Berlin, Germany
Seller rating 5 out of 5 stars
Condition: very good. Gut/Very good: Buch bzw. Schutzumschlag mit wenigen Gebrauchsspuren an Einband, Schutzumschlag oder Seiten. / Describes a book or dust jacket that does show some signs of wear on either the binding, dust jacket or pages. Seller Inventory # M00198292279-V
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Inefficient Markets: An Introduction to Behavioral Finance
Published by
Oxford University Press, 2002
ISBN 10: 0198292279
ISBN 13: 9780198292272
Used
Softcover
Seller: Anybook.com, Lincoln, United Kingdom
Seller rating 5 out of 5 stars
Condition: Poor. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In poor condition, suitable as a reading copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,350grams, ISBN:9780198292272. Seller Inventory # 9401310
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Inefficient Markets : An Introduction to Behavioral Finance
Published by
Oxford University Press, Incorporated, 2000
ISBN 10: 0198292279
ISBN 13: 9780198292272
Used
Softcover
Seller: Better World Books, Mishawaka, IN, U.S.A.
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Condition: Very Good. Used book that is in excellent condition. May show signs of wear or have minor defects. Seller Inventory # 4770951-6
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Inefficient Markets : An Introduction to Behavioral Finance
Published by
Oxford University Press, Incorporated, 2000
ISBN 10: 0198292279
ISBN 13: 9780198292272
Used
Softcover
Seller: Better World Books: West, Reno, NV, U.S.A.
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Condition: Very Good. Former library book; may include library markings. Used book that is in excellent condition. May show signs of wear or have minor defects. Seller Inventory # 8243664-6
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