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Article

Behavioral Efficient Markets

Meir Statman
The Journal of Portfolio Management Winter 2018, 44 (3) 76-87; DOI: https://doi.org/10.3905/jpm.2018.44.3.076
Meir Statman
is the Glenn Klimek professor of finance in the Leavey School of Business at Santa Clara University in Santa Clara, CA. mstatman@scu.edu
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Article Information

vol. 44 no. 3 76-87
DOI 
https://doi.org/10.3905/jpm.2018.44.3.076

Published By 
Pageant Media Ltd
Print ISSN 
0095-4918
Online ISSN 
2168-8656
History 
  • Published online January 24, 2018.

Copyright & Usage 
© 2018 Pageant Media Ltd

Author Information

  1. Meir Statman
    1. is the Glenn Klimek professor of finance in the Leavey School of Business at Santa Clara University in Santa Clara, CA. (mstatman{at}scu.edu)
  1. To order reprints of this article, please contact David Rowe at drowe{at}iijournals.com or 212-224-3045.
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The Journal of Portfolio Management: 44 (3)
The Journal of Portfolio Management
Vol. 44, Issue 3
Winter 2018
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Behavioral Efficient Markets
Meir Statman
The Journal of Portfolio Management Jan 2018, 44 (3) 76-87; DOI: 10.3905/jpm.2018.44.3.076

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Behavioral Efficient Markets
Meir Statman
The Journal of Portfolio Management Jan 2018, 44 (3) 76-87; DOI: 10.3905/jpm.2018.44.3.076
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  • Article
    • Abstract
    • PRICE-EQUALS-VALUE MARKETS AND HARD-TO-BEAT MARKETS
    • THE PRICE-EQUALS-VALUE MARKET HYPOTHESIS
    • THE FORMS OF THE HARD-TO-BEAT MARKET HYPOTHESIS
    • WHO BEATS A HARD-TO-BEAT MARKET?
    • THE TRADING PUZZLE: WHY DO INVESTORS WITH ONLY WIDELY AVAILABLE INFORMATION TRY TO BEAT THE MARKET?
    • MAKING THE MARKET HARD TO BEAT BY BEATING IT
    • BUBBLES
    • THE JOINT HYPOTHESIS: MARKET EFFICIENCY, ASSET PRICING, AND SMART BETA
    • CONCLUSION
    • REFERENCES
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More in this TOC Section

  • Introduction: Special Issue on Multi-Asset Strategies
  • INVITED EDITORIAL COMMENT: Order from Chaos: How Data Science Is Revolutionizing Investment Practice
  • INVITED EDITORIAL COMMENT: What We Still Have to Learn from the Credit Collapse (and Other Market Crises)
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