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- W2034991292 abstract "After a detailed exposition of the behavioral underpinnings of the standard version of the EMH, this contribution is aiming at characterizing the specificities of « behavioral finance». This new area is explicitly taking into consideration the existence of « noise traders», i.e. market participants who are making decisions based on beliefs and emotions rather than on « rational» valuation based on economic fundamentals. They therefore cause inefficiencies in the pricing system, due to the costs and risks borne by rational « arbitrageurs» who are striving to bring prices back to the fundamental value." @default.
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- W2034991292 date "2004-01-01" @default.
- W2034991292 modified "2023-10-18" @default.
- W2034991292 title "La « finance comportementale » : un état des lieux" @default.
- W2034991292 doi "https://doi.org/10.3917/rpve.432.0019" @default.
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