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Product Information for "Inefficient Markets: An Introduction to Behavioural Finance (Clarendon Lectures in Economics) - Andrei Shleifer" »
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The Efficient Markets Hypothesis' has been the central proposition of finance for nearly 30 years. This book presents an alternative view of financial markets: behavioural finance. Shleifer demonstrates the oversimplification of EMH both in the common assumption of perfect rationality and the failure of arbitrage to adjust prices correctly.
Inefficient Markets: An Introduction to Behavioural Finance (Clarendon Lectures in Economics)