The Psychology of the Stock Market

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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.

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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.

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