Inefficient Markets¶
Shleifer, A. (2000). Inefficient Markets: An Introduction to Behavioral Finance. Oxford University Press.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Efficient Market Hypothesis (EMH)
This sourceSynthesizes the limits-to-arbitrage behavioral-finance case for persistent mispricings. Bibliography-only (tier C); linked.
- Herding Behavior
- Once a cascade begins, subsequent actions convey no new information to the next actor, so the cascade can self-reinforce indefinitely on the wrong answer, despite continued rational updates.
This sourceSynthesizes the behavioral-finance case that limits to arbitrage allow herding-driven sentiment to produce persistent mispricings unreachable by classical no-arbitrage arguments.
- Once a cascade begins, subsequent actions convey no new information to the next actor, so the cascade can self-reinforce indefinitely on the wrong answer, despite continued rational updates.
Verification¶
This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.
Registry ID ref:d8af27e12db3 · see in the full table