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- 2026-05-19 发布于湖北
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CHAPTER12BehavioralFinanceandTechnicalAnalysis
12-2BehavioralFinanceConventionalFinancePricesarecorrect;equaltointrinsicvalue.Resourcesareallocatedefficiently.ConsistentwithEMHBehavioralFinanceWhatifinvestorsdon’tbehaverationally?
12-3TheBehavioralCritiqueTwocategoriesofirrationalities:Investorsdonotalwaysprocessinformationcorrectly.Result:Incorrectprobabilitydistributionsoffuturereturns.Evenwhengivenaprobabilitydistributionofreturns,investorsmaymakeinconsistentorsuboptimaldecisions.Result:Theyhavebehavioralbiases.
12-4ErrorsinInfo
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