How Long to Read Inefficient Markets

How Long Does it Take to Read Inefficient Markets?

It takes the average reader 3 hours and 49 minutes to read Inefficient Markets by Andrei Shleifer

Assuming a reading speed of 250 words per minute. Learn more

Description

The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents and empirically evaluates models of such inefficient markets. Behavioral finance models both explain the available financial data better than does the efficient markets hypothesis and generate new empirical predictions. These models can account for such anomalies as the superior performance of value stocks, the closed end fund puzzle, the high returns on stocks included in market indices, the persistence of stock price bubbles, and even the collapse of several well-known hedge funds in 1998. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.

How long is Inefficient Markets?

Inefficient Markets by Andrei Shleifer is 225 pages long, and a total of 57,375 words.

This makes it 76% the length of the average book. It also has 70% more words than the average book.

How Long Does it Take to Read Inefficient Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 13 minutes to read Inefficient Markets aloud.

What Reading Level is Inefficient Markets?

Inefficient Markets is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Inefficient Markets?

Inefficient Markets by Andrei Shleifer is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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