The New Finance

Overreaction, Complexity and Uniqueness

Robert A. Haugen

149 pages, parution le 18/12/2003

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Résumé

In this Third Edition, Robert Haugen Focuses on the evidence, causes, and history of overreactive pricing in the slock market. He argues that, unlike the other social sciences, economic models aggregate from the assumed behaviors of individuals to predictions about market pricing. These models fail to capture the complexity of human interaction. In addition, Haugen argues that each interaction is entirely unique. The complexity and the uniqueness of interactions make it impossible to generalize from the preferences of individuals to meaningful conclusions about the structure and behavior of market prices. The logical conclusion; Both rational and behavioral economics should be reconsidered.

Bob Haugen is Professor Emeritus at the University of California, Irvine. He serves as Managing Partner to Haugen Custom Financial Systems, which licenses portfolio management software to pension funds, endowments, and institutional and high-net-worth money managers.

For further study on the author's unique approach to stock market analysis, read the entire Bob Haugen series, The Inefficient Stock Market, What Pays Off and Why, ond Beast on Wall Street.

Visit www.prenhali.com/haugen for additional resources. Or go to www.n6wfmance.com.

Search for the Grail
The Old Finance
How Long is the Short Run?
The Ancient Finance
The Past and the Future
The Race Between Value and Growth
Surprise or Risk Premium?
"Bearing" Risk in the Stock Market
The Holy Grail
Rational Finance, Behavioral Finance, and the New Finance
Dawn of the New Finance
Final Words
Glossary

L'auteur - Robert A. Haugen

University of California, Irvine

Caractéristiques techniques

	PAPIER
Éditeur(s)	Pearson, Prentice Hall
Auteur(s)	Robert A. Haugen
Parution	18/12/2003
Nb. de pages	149
Format	15 x 22,5
Couverture	Broché
Poids	265g
Intérieur	Noir et Blanc
EAN13	9780130497611
ISBN13	978-0-13-049761-1