A topical introduction to investment in security markets, this book discusses in detail the various ways in which you can minimise risk and maximise yields. It reveals that good investments generally do not require forecasting skills.[...]
The Capital Asset Pricing Model (CAPM) and the mean-variance (M-V) rule, which are based on classic expected utility theory, have been heavily criticized theoretically and empirically. The advent of behavioral economics, prospect theory and other psychology-minded approaches in finance challenges th[...]