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The Inefficient Stock Market Robert A. Haugen

The Inefficient Stock Market By Robert A. Haugen

The Inefficient Stock Market by Robert A. Haugen


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Summary

Intended for Financial Markets and Institutions, and Money and Capital Markets courses at the undergraduate level. The stock market is, in the authors view, inefficient, and important aspects of market behavior cANNot be explained by models based on rational economic behavior.

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The Inefficient Stock Market Summary

The Inefficient Stock Market: What Pays Off and Why by Robert A. Haugen

Intended for Financial Markets and Institutions, and Money and Capital Markets courses at the undergraduate level.

Sparked with wit and humor, this clever and insightful text provides clear evidence that the stock market is inefficient. In the author's view, important aspects of market behavior cannot be explained by models based on rational economic behavior. Would you be interested in a supplement that explores evidence that markets may be inefficient? If so, how might this affect investments decisions?

About Robert A. Haugen

Robert A. Haugen is Emeritus Professor of Finance at the University of California, Irvine. Professor Haugen has held endowed chairs at the University of Wisconsin, the University of Illinois, and the University of California. He is the author of more than 50 articles in the leading journals in finance and 13 books, including The Incredible January Effect, The New Finance, Beast on Wall Street, and Modern Investment Theory. He serves as Managing Partner to Haugen Custom Financial Systems, which licenses portfolio management software to 25 pension funds, endowments, and institutional and high-net-worth money managers. Visit Robert Haugen's Web site at: www.bobhaugen.com.

Table of Contents



1. Introduction.

I. WHAT.

2. Estimating Expected Return with the Theories of Modern Finance.
3. Estimating Portfolio Risk and Expected Return with Ad Hoc Factor Models.
4. Payoffs to the Five Families.
5. Predicting Future Stock Returns with the Expected-Return Factor Model.
6. Counterattack-The First Wave.
7. Super Stocks and Stupid Stocks.
8. The International Results.

II. WHY.

9. The Topography of the Stock Market.
10. The Positive Payoffs to Cheapness and Profitability.
11. The Negative Payoff to Risk.
12. The Forces Behind the Technical Payoffs to Price History.
13. Counterattack-The Second Wave.
14. The Roads to Heaven and Hell.
15. The Wrong 20-Yard Line.

Additional information

CIN0130323667LN
9780130323668
0130323667
The Inefficient Stock Market: What Pays Off and Why by Robert A. Haugen
Used - Like New
Paperback
Pearson Education (US)
20010720
144
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
The book has been read, but looks new. The book cover has no visible wear, and the dust jacket is included if applicable. No missing or damaged pages, no tears, possible very minimal creasing, no underlining or highlighting of text, and no writing in the margins

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