Angebote zu "Inefficient" (14 Treffer)

Inefficient Markets
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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. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.

Anbieter: buecher.de
Stand: 02.10.2019
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Macro-inefficient but micro-efficient markets. ...
9,99 € *
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Macro-inefficient but micro-efficient markets. Managerial implications: Arno Hetzel

Anbieter: Hugendubel.de
Stand: 04.09.2019
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Efficiently Inefficient als eBook Download von ...
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Efficiently Inefficient:How Smart Money Invests and Market Prices Are Determined Lasse Heje Pedersen

Anbieter: Hugendubel.de
Stand: 02.10.2019
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Efficiently Inefficient als Buch von Lasse Heje...
44,49 € *
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Efficiently Inefficient:How Smart Money Invests and Market Prices Are Determined Lasse Heje Pedersen

Anbieter: Hugendubel.de
Stand: 02.10.2019
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Adaptive Markets
32,99 € *
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A new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can´t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe--and as financial bubbles, crashes, and crises suggest. This is one of the biggest debates in economics and the value or futility of investment management and financial regulation hang on the outcome. In this groundbreaking book, Andrew Lo cuts through this debate with a new framework, the Adaptive Markets Hypothesis, in which rationality and irrationality coexist. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency isn´t wrong but merely incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo´s new paradigm explains how financial evolution shapes behavior and markets at the speed of thought--a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation.A fascinating intellectual journey filled with compelling stories, Adaptive Markets starts with the origins of market efficiency and its failures, turns to the foundations of investor behavior, and concludes with practical implications--incl...show more

Anbieter: buecher.de
Stand: 02.10.2019
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Adaptive Markets (eBook, ePUB)
13,95 € *
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A new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can´t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist-the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo´s new paradigm explains how financial evolution shapes behavior and markets at the speed of thought-a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.

Anbieter: buecher.de
Stand: 07.10.2019
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Admissibility of Stochastic Linear Volterra Ope...
79,00 € *
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Admissibility of Stochastic Linear Volterra Operators:with Applications to Inefficient Financial Markets John A. Daniels/ John A. D. Appleby

Anbieter: Hugendubel.de
Stand: 04.09.2019
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Karl Marx: Das Kapital , Hörbuch, Digital, 1, 1...
9,95 € *
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In his monumental work, Das Kapital, Karl Marx (1818-1883) tried to show that capitalism was both inefficient and immoral. His key to explaining capitalism is his labor theory of value, which he developed from ideas of Adam Smith and David Ricardo. Marx argued that all profit, rent, and interest are ´´surplus-value´´, obtained by paying workers less than the value of their products. He maintained that the living conditions of the workers always tend to deteriorate, that competition automatically creates monopoly, and that the business cycle demonstrates the wastefulness of capitalism. 1. Language: English. Narrator: Louis Rukeyser. Audio sample: http://samples.audible.de/bk/blak/001559/bk_blak_001559_sample.mp3. Digital audiobook in aax.

Anbieter: Audible
Stand: 26.08.2019
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Socialnomics: How Social Media Transforms the W...
9,95 € *
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Social Media. You´ve heard the term, even if you don´t use the tools. But just how big has social media become? Social media has officially surpassed pornography as the top activity on the Internet. People would rather give up their email than their social network. It is so powerful that it is causing a macro shift in the way we live and conduct business. Brands can now be strengthened or destroyed by the use of social media. Online networking sites are being used as giant, free focus groups. Advertising is less effective at influencing consumers than the opinions of their peers. If you aren´t using social media in your business strategy, you are already behind your competition. In Socialnomics, you will learn: How the concept of ´´Socialnomics´´ is changing the way businesses produce, market, and sell, eliminating inefficient marketing and middlemen, and making products easier and cheaper for consumers to obtain How successful businesses are connecting with consumers like never before via Twitter, Facebook, YouTube, and other social media sites How to harness the power of social media, rather than being squashed by it.Author Erik Qualman is a former online marketer for several Top 100 brands and is currently the global vice president of Online Marketing for the world´s largest private education firm.Socialnomics is an essential book for anyone who wants to understand the implications of social media, and how businesses can tap the power of social media to increase their sales, cut their marketing costs, and reach consumers directly. 1. Language: English. Narrator: Nick Sullivan. Audio sample: http://samples.audible.de/bk/adbl/001283/bk_adbl_001283_sample.mp3. Digital audiobook in aax.

Anbieter: Audible
Stand: 26.08.2019
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