The research is comprised of empirical findings in making a clear perceptive of the sagacity of investors, stock returns, and stock market efficiency behavior in the theoretical frame of behavioral finance pattern. The analyses employed a long extent of Pakistan stock market Returns data from...

Modern Portfolio Theory, standard asset pricing models and the concept of rational decision makers in efficient markets have major limitations as systems for modeling investor behavior and prices of financial assets. Financial market participants are not a uniform group of rational investors....

This book is a guide to asset and risk management from a practical point of view. It is centered around two questions triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory they should not? - How do investors deal with such...