The Psychology of the Stock Market

  • Details
  • Transcript
  • Audio
  • Downloads
  • Extra Reading

The Efficient Market Hypothesis argues that stock markets are rational – they take into account all relevant information, and incorporate it in an unbiased way. 

This talk will present evidence that stock prices are instead driven by human psychology. The market overreacts to some types of information yet underreacts to others; it is driven by emotions rather than purely economic fundamentals. 

The lecture gives profitable trading strategies that investors can use to exploit these biases.

Download Transcript

This event was on Tue, 22 Sep 2020

Alex Edmans is the Mercers' School Memorial Professor of Business at Gresham College.

Professor Alex Edmans

Mercers’ School Memorial Professor of Business

Alex Edmans is the Mercers' School Memorial Professor of Business at Gresham College.

Find out more

Support Gresham

Gresham College has offered an outstanding education to the public free of charge for over 400 years. Today, Gresham plays an important role in fostering a love of learning and a greater understanding of ourselves and the world around us. Your donation will help to widen our reach and to broaden our audience, allowing more people to benefit from a high-quality education from some of the brightest minds.