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Description of The New Finance

A supplement for junior/senior and graduate level courses in Investments, Behavioral Finance Theory, and related courses. Teach the concepts that expose the inefficiency of capital markets. The New Finance is a comprehensive and organized collection of evidence and arguments that develop a persuasive case for an inefficient, complex and, at times, nearly chaotic stock market.

This brief text also shows students how the complexity and uniqueness of investor interactions have important market pricing consequences. The fourth edition includes two new chapters on the real determinants of expected stock returns and the nature of stock volatility that the Financial Crisis of 2008 has exposed.

Title Information

ISBN:

9780136036043

Pages:

160 pages

Format:

Paperback and

Product Code:

305946

Publisher:

Pearson Education (US)

Published:

22/04/2009

Edition:

4th Revised edition

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Contents of The New Finance

1 - Search for the Grail
2 - The Old Finance
3 - How Long is the Short Run?
4 - The Ancient Finance
5 - The Past and the Future
6 - The Race Between Value and Growth
7 - Surprise or Risk Premium?
8 - "Bearing" Risk in the Stock Market
9 - The Holy Grail
10 - The Real Determinants of Expected Stock Returns
11 - Dangerous Conversation
12 - Rational Finance, Behavioral Finance, and the New Finance
13 - Final Words