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The Inefficient Stock Market: What Pays Off and Why Paperback – 30 Oct 1998

3.8 out of 5 stars 4 customer reviews

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Product details

  • Paperback: 160 pages
  • Publisher: Pearson; 1 edition (30 Oct. 1998)
  • Language: English
  • ISBN-10: 0139171649
  • ISBN-13: 978-0139171642
  • Product Dimensions: 1.3 x 14.6 x 22.2 cm
  • Average Customer Review: 3.8 out of 5 stars 4 customer reviews
  • Amazon Bestsellers Rank: 1,871,540 in Books (See Top 100 in Books)
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Product description


Sparked with wry wit and humor, this clever and insightful text provides clear and undeniable evidence that the stock market is, in the author's view, inefficient, and that important aspects of market behavior cannot be explained by models based on rational economic behavior. Intended for Financial Markets and Institutions, and Money and Capitals Markets courses at the undergraduate level. *Tackles important issues in today's financial market in a highly conversational and entertaining manner that will appeal to most students, with relatively short, 'punchy' paragraphs that entice readers to go on. *Provides clear explanations of the CAPM and the APT. *Analyzes the characteristics of individual stocks that are associated with high returns. *Predicts international stock returns. *Considers why cheap, profitable, and low risk stocks tend to produce a high return. *Looks into such areas as the payoffs to risk liability, profitability, and a stock's performance in past periods.

4 customer reviews

3.8 out of 5 stars

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14 September 2012
Format: PaperbackVerified Purchase
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24 September 2014
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Most helpful customer reviews on 3.4 out of 5 stars 14 reviews
Anonymous anteater
2.0 out of 5 starsI spent a lot of time trying to faithfully algorithmically recreate his super stock model
17 May 2016 - Published on
Format: PaperbackVerified Purchase
6 people found this helpful.
3.0 out of 5 starsWhat may pay off a little bit, and why
17 April 2000 - Published on
Format: PaperbackVerified Purchase
39 people found this helpful.
skipper and mate
5.0 out of 5 starsThe Inefficient Stock Market, What Pays Off and Why
28 November 1999 - Published on
Format: PaperbackVerified Purchase
40 people found this helpful.
Bob Heaton
3.0 out of 5 starsThree Stars
3 May 2017 - Published on
Format: PaperbackVerified Purchase
Patient Researcher
5.0 out of 5 starsInvestment Heaven
22 May 2000 - Published on
Format: PaperbackVerified Purchase
10 people found this helpful.