The Inefficient Stock Market: What Pays Off and Why by Robert A. Haugen
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?