Alphanomics

Alphanomics
Author :
Publisher : Now Publishers
Total Pages : 212
Release :
ISBN-10 : 1601988923
ISBN-13 : 9781601988928
Rating : 4/5 (928 Downloads)

Book Synopsis Alphanomics by : Charles Lee

Download or read book Alphanomics written by Charles Lee and published by Now Publishers. This book was released on 2015-12-16 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alphanomics: The Informational Underpinnings of Market Efficiency is intended to be a compact introduction to academic research on market efficiency, behavioral finance, and fundamental analysis and is dedicated to the kind of decision-driven and prospectively-focused research that is much needed in a market constantly seeking to become more efficient. The authors refer to this type of research as Alphanomics, the informational economics behind market efficiency. Alpha refers to the abnormal returns, which provide the incentive for some subpopulation of investors to engage in information acquisition and costly arbitrage activities. Nomics refers to the economics of alpha extraction, which encompasses the costs and incentives of informational arbitrage as a sustainable business proposition. Some of the questions that are addressed include: why do we believe markets are efficient?; what problems have this belief engendered?; what factors can impede and/or facilitate market efficiency?; what roles do investor sentiment and costly arbitrage play in determining an equilibrium level of informational efficiency?; what is the essence of value investing?; how is it related to fundamental analysis (the study of historical financial data)?; and how might we distinguish between risk and mispricing based explanations for predictability patterns in returns? The first two sections review the evolution of academic thinking on market efficiency and introduce the noise trader model as a rational alternative. Section 3 surveys the literature on investor sentiment and its role as a source of both risks and returns. Section 4 discusses the role of fundamental analysis in value investing. Section 5 reviews the literature on limits to arbitrage, and section 6 discusses research methodology issues associated with the need to distinguish mispricing from risk.


Alphanomics Related Books

Alphanomics
Language: en
Pages: 212
Authors: Charles Lee
Categories: Business & Economics
Type: BOOK - Published: 2015-12-16 - Publisher: Now Publishers

GET EBOOK

Alphanomics: The Informational Underpinnings of Market Efficiency is intended to be a compact introduction to academic research on market efficiency, behavioral
Seven Essentials for Business Success
Language: en
Pages: 212
Authors: George Siedel
Categories: Business & Economics
Type: BOOK - Published: 2021-08-08 - Publisher: Routledge

GET EBOOK

Successful leaders are great teachers, and successful teachers serve as models of leadership. This book enables both leaders and teachers to understand and use
The Big Thirst
Language: en
Pages: 418
Authors: Charles Fishman
Categories: Business & Economics
Type: BOOK - Published: 2011 - Publisher: Simon and Schuster

GET EBOOK

Fishmen examines the passing of the golden age of water and reveals the shocking facts about how water scarcity will soon be a major factor.
Jump-Starting America
Language: en
Pages: 344
Authors: Jonathan Gruber
Categories: Business & Economics
Type: BOOK - Published: 2019-04-09 - Publisher: PublicAffairs

GET EBOOK

The untold story of how America once created the most successful economy the world has ever seen—and how we can do it again. The American economy glitters on
Value Creation Principles
Language: en
Pages: 272
Authors: Bartley J. Madden
Categories: Business & Economics
Type: BOOK - Published: 2020-06-10 - Publisher: John Wiley & Sons

GET EBOOK

PRAISE FOR VALUE CREATION PRINCIPLES "In Value Creation Principles, Madden introduces the Pragmatic Theory of the Firm that positions the firm as a system fuele