TY  - BOOK
AU  - Shleifer, Andrei 
TI  -  Inefficient markets : an introduction to behavioral finance / Andrei Shleifer
SN  - 9780198292272
U1  - 332.6 
PY  - 2000///
CY  - Oxford
PB  -  Oxford University Press
KW  -  Actions
KW  - inefficient markets
KW  - behavioral finance
KW  - Efficient market theory
KW  - Actions (Titres de société) Prix
N1  - 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; Contents:
Are financial markets efficient?
Noise trader risk in financial markets
The closed-end fund puzzle
Professional arbitrage
A model of investor sentiment
Positive feedback investment strategies
Open problems
ER  -