6 Ergebnisse.

The Efficient Markets Hypothesis has been the central proposition of finance for nearly thirty years. This book, by one of the foremost US economists, presents an alternative view of financial markets: behavioral finance. Shleifer demonstrates the oversimplification of EMH both in the common assumption of perfect rationality and the failure of arbitrage to adjust prices correctly. By also detailing the empirical failings of EMH, this books mak...

A new and balanced look at Russia's attempts to build capitalism on the ruins of Soviet central planning.

communism, Russia became a normal country.

A noted economist argues that the ubiquity of regulation can be explained by its greater efficiency when compared to litigation.

The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This bookdescribes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of inve...

Depoliticization of economic life emerges as the crucial theme of the appropriate reforms. The text describes the experiences with the grabbing hand government and its reform in medieval Europe, developing countries, and transition economies, as well as 1990s USA.