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Market Insanity
A Brief Guide to Diagnosing the Madness in the Stock Market
Helps finance students and practitioners explain, predict and mitigate the remarkable deviations from neoclassical rationality in the equity markets
Michael Taillard (Author)
9780128131152, Elsevier Science
Paperback, published 8 March 2018
138 pages
22.9 x 15.1 x 1 cm, 0.45 kg
Market Insanity: A Brief Guide to Diagnosing the Madness in the Stock Market is an engaging and accessible primer which applies modern behavioral finance to equity markets. It helps readers understand how logical investment decisions can be betrayed by what Taillard calls "the insanity," all those behavioral quirks which cause us to achieve less than optimal utility. The book describes how limited information, habit, the rules of the game, asymmetric information and ego blend together in potentially toxic ways in market environments, thus creating bubbles, stock runs, and more prosaically, even ‘normal’ equity prices. In addition, the book discusses the implications of these behaviors in-depth. In so doing, it helps the reader to not only predict the madness within equity markets, but also helps them develop solutions that address and mitigate outcomes.
1. Introduction2. The Rational Fallacy3. Bizarre Biases4. Bad Behavior5. Problematic Perception6. Feeling Foolish7. Mindful Measures8. Conclusion
Subject Areas: Investment & securities [KFFM]
