| Irrational Exuberance [E-BOOK: ADOBE READER] von Robert J. Shiller | ||||||||||||||||||
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Sets the stage for going beyond the efficient-market theory • • • • • (bewertet mit 5 von 5 Punkten) Shiller wrote his book with the sobriety of an academic. That's why I enjoyed reading his book so much. While the efficient-market theory seeks to explain the rational side of share-price valuations, Shiller focuses on irrational aspects thereof. The efficient-market theory owes its mathematical rigor to some simplifying assumptions. Shiller provides compelling evidence that the stock market is not as efficient as many "financial experts" might have you believed. Most disquietingly, inefficiet market-behavior shows up not only in the short run, as will be admitted by many advocates of the efficient-market model, but also on rather long time scales (e.g., a decade or so). Shiller carefully covers many aspects and manifestations of this fact. --Dieser Text bezieht sich auf eine andere Ausgabe: Unbekannter Einband. Eine Rezension von ekkehardlange aus Karlsruhe, Deutschland
vom 22. September 2001 | |||||||||||||||||
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| Siehe auch folgende Artikel: | ||||||||||||||||||
| The New Financial Order von Robert J. Shiller Market Volatility von Robert J. Shiller Inefficient Markets von Andrei Shleifer The Econometrics of Financial Markets von John W. Campbell, u. a. | ||||||||||||||||||
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