The new finance : overreaction, complexity, and uniqueness

Bibliographic Information

The new finance : overreaction, complexity, and uniqueness

Robert A. Haugen

Pearson/Prentice Hall, c2004

3rd ed

Available at  / 8 libraries

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Description and Table of Contents

Description

A supplement for junior/senior and graduate level courses in Investments, Behavioral Finance Theory, and related courses. This brief text makes the case for the inefficient market and the complexity and chaos on asset pricing, positioning the efficient market paradigm at the extreme end of a spectrum of possible states. It presents a comprehensive and organized collection of the evidence contradicting market efficiency.

Table of Contents

1. Search for the Grail. 2. The Old Finance. 3. How Long is the Short Run? 4. The Ancient Finance. 5. The Past and the Future. 6. The Race Between Value and Growth. 7. Surprise or Risk Premium? 8. "Bearing" Risk in the Stock Market. 9. The Holy Grail. 10. Rational Finance, Behavioral Finance, and the New Finance. 11. Dawn of the New Finance. 12. Final Words. Glossary.

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