Inefficient Stock Market, The: What Pays Off and Why, 2/E
0130323667

Robert A. Haugen, University of California, Irvine

Publisher: Prentice Hall
Copyright: 2002
Format: Paper; 144 pp

ISBN-10: 0130323667
ISBN-13:9780130323668

Our Price: £25.99
Status: Not Yet Published
Estimated Availability: 20 Jul 2001



Description

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?


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.


Features
  • NEW - Current data—All tables and graphs are updated to include information and statistics through the year 2000.
    • Makes the information more relevant to students. Ex.___

  • NEW - Afterthoughts—Expanded summary at the end of each chapter.
    • Asks students to think about the issues presented. Ex.___

  • NEW - Expanded glossary included in the back of the text.
    • Provides students with more definitions for difficult terms. Ex.___

  • Tackles important issues in today's financial market—In a highly conversational and entertaining manner that will appeal to most students, with relatively short, “punchy” paragraphs that entice readers to go on.
    • Gets students interested in learning more about today's financial markets. Ex.___

  • The characteristics of individual stocks that are associated with high returns are analyzed.

New To This Edition
  • Current data—All tables and graphs are updated to include information and statistics through the year 2000.
    • Makes the information more relevant to students. Ex.___

  • Afterthoughts—Expanded summary at the end of each chapter.
    • Asks students to think about the issues presented. Ex.___

  • Expanded glossary included in the back of the text.
    • Provides students with more definitions for difficult terms. Ex.___


All Valuepacks
Nw Fin&Ineffcnt St&Beast, 3/E
HAUGEN
© 2004 | Prentice Hall | Kit/Package/ShrinkWrap | Estimated Availability: 28 Jan 2007
ISBN-10: 0131268139 | ISBN-13: 9780131268135
Our Price: £77.99

Package consists of:
Inefficient Stock Market, The: What Pays Off and Why, 2/E
Beast on Wall Street

Modern Investment Theory&Ineff Stock Mkt, 5/E
HAUGEN
© 2002 | Prentice Hall | Kit/Package/ShrinkWrap | Estimated Availability: 28 Jan 2007
ISBN-10: 0130593419 | ISBN-13: 9780130593412
Our Price: £115.99

Package consists of:
Modern Investment Theory, 5/E
Inefficient Stock Market, The: What Pays Off and Why, 2/E

Fundamentals Investmts Ineffic Stock Mkt, 3/E
ALEXANDER & SHARPE
© 2002 | Prentice Hall | Kit/Package/ShrinkWrap | Estimated Availability: 28 Jan 2007
ISBN-10: 0130593443 | ISBN-13: 9780130593443
Our Price: £106.99

Package consists of:
Inefficient Stock Market, The: What Pays Off and Why, 2/E