Irrational Exuberance Reconsidered
The Cross Section Of Stock Returns
di Mathias Külpmann



    Editore: Springer Berlin Heidelberg
    EAN: 9783642057267
    ISBN: 3642057268
    Pagine: 244
    Formato: Paperback


Mathias K lpmann presents a framework to evaluate whether the stock market is in line with underlying fundamentals. The new and revised edition offers an up to date introduction to the controversy between rational asset pricing and behavioural finance. Empirical evidence of stock market overreaction are investigated within the paradigms of rational asset pricing and behavioural finance. Although this monograph will not promise the reader to become a millionaire, it offers a road to obtain a deeper understanding of the forces which drive stock returns. It should be of interest to anyone interested in what drives performance in the stock market.

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