Efficient market models cannot explain the high level of trading in financial markets in terms of asset portfolio adjustment. It is presumed that much of this excessive trading is irrational 'noise' trading. A corollary is that there must either be irrational traders in the market or rational...

Reports the results of a repeat survey on the financial performance and management of TUC affiliated unions. Data are available for 1989 and 1993, covering income, expenditure, the management of investments and wealth. Unions remain in a precarious financial position, dependent on subscription...

Whilst there has been quite a lot of research and speculation about the ability of the unions to adapt to the changed environmental circumstances of the 1980s, there has been no consideration of the impact of such changes on the financial status and performance of trade unions. It is suggested...

By now there should be little ignorance about the advent of the new micro‐electronics technology, large scale integrated circuits made up from little pieces of metal oxited silicon wafers — the so‐called silicon chips. These tiny chips, less than five mm square, can contain microprocessors...

This is a book about traders in financial markets: what they do, the kind of people they are, how they perceive the world they inhabit, how they make decisions and take risks. This is also a book about how traders are managed - the best and the worst examples - and about the institutions they...