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A Behavioral Approach to Asset Pricing (Academic Press Advanced Finance)

Hersh Shefrin




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 | #3266899 in eBooks |  2005-02-03 |  2005-02-03 | File type: PDF

|| |"This book provides a much-needed bridge between behavioral finance and traditional asset pricing theory, so that the insights from the two fields offer can complement each other. This book will make the theory of behavioral finance far more useful and broadl

A Behavioral Approach to Asset Pricing Theory examines the reigning assumptions of asset pricing theory and reconstructs them to incorporate findings from behavioral finance. It constructs a solid, intact structure that challenges classic assumptions and at the same time provides a strong theory and efficient empirical tools.

Building on the models developed by both traditional asset pricing theorists and behavioral asset pricing theorists, this book takes t...

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