About this document
Market Efficiency and Behavioral Finance by yogesh Kannaiah is a document available to read on EtoBox.
The document discusses efficient market theory and behavioral finance. It outlines the three forms of market efficiency - weak, semi-strong, and strong - based on the types of information reflected in security prices. Behavioral finance emerged due to anomalies in efficient market theory and examines how psychological factors influence investor behavior and stock market bubbles. Some common cognitive biases that affect decision making are overconfidence, anchoring, and confirmation bias. Critics argue that
- Author
- yogesh Kannaiah
- Language
- EN