The myth of the rational market: a history of risk, reward, and delusion on Wall Street
Affaires et économie, Économie
Audio avec voix humaine
Résumé
Fox introduces a new wave of economists and scholars who no longer teach that investors are rational or that the markets are always right. Many of them now agree that the efficient markets theory is wrong and that it's given… way to counterintuitive hypotheses about human behaviour, psychological models of decision making, and the irrationality of the markets. In his treatment of the history of the world's markets, Fox uncovers the new ideas that may come to drive the market in the century ahead. 2009.