Description
This book will take your understanding of finance to the next level. The Story of Behavioral Finance is about "finance in the real world"-it's finance theory with real people and real institutions.
What happens when your portfolio manager sets out not to maximize your return but rather to maximize his own compensation and minimize his own career risk? Why didn't rational investors short high-flying Internet companies back in 1999? Why was it that so many of the firms that went public in 1999 and 2000 for hundreds of millions of dollars subsequently went bankrupt? These are the types of questions that will be answered in this book.
The Story of Behavioral Finance will cover a lot of ground. We will cover the two main strands of behavioral finance, investor psychology and limits to arbitrage, and we'll apply these concepts to a wide array of financial market phenomena. We will explore, for example, why it is that almost no one seems to "beat the market" despite that fact that there are often easily spotted price inefficiencies.
Author: Brandon Adams
Publisher: iUniverse
Published: 06/01/2006
Pages: 84
Binding Type: Paperback
Weight: 0.30lbs
Size: 9.00h x 6.00w x 0.20d
ISBN13: 9780595396900
ISBN10: 0595396909
BISAC Categories:
- Business & Economics | Finance | General
- Business & Economics | Corporate Finance | General
This title is not returnable