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The Inefficient Stock Market

The Inefficient Stock Market
Author: Robert A. Haugen
ISBN 13: 9780130323668
ISBN 10: 130323667
Edition: 2
Publisher: Pearson
Publication Date: 2001-06-23
Format: Paperback
Pages: 144
List Price: $125.80

Haugen (finance, University of California-Irvine, emeritus) provides a theoretical perspective on investment success. He argues that factor models are more useful in predicting expected returns than in predicting risk, and offers an explanation as to why this would be the case. Chapters cover the theories of modern finance, ad hoc factor models, payoffs, the expected-return factor model, international results, the topography of the stock market, cheapness and profitability, risk, price history, and portfolio management. A glossary is provided; an index is not. Annotation c. Book News, Inc., Portland, OR (booknews.com)