메뉴 건너뛰기




Volumn 57, Issue 3, 2001, Pages 15-29

Rational Markets: Yes or No? The Affirmative Case

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0002970929     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v57.n3.2447     Document Type: Article
Times cited : (135)

References (36)
  • 1
    • 0000438997 scopus 로고
    • Uncertainty, Evolution and Economic Theory
    • Alchian, A. 1950. "Uncertainty, Evolution and Economic Theory." Journal of Political Economy, vol. 58, no. 3 (June):211-221.
    • (1950) Journal of Political Economy , vol.58 , Issue.3 JUNE , pp. 211-221
    • Alchian, A.1
  • 2
    • 0034195426 scopus 로고    scopus 로고
    • How Well Have Taxable Investors Been Served in the 1980s and 1990s?
    • Arnott, R., A. Berkin, and J. Ye. 2000. "How Well Have Taxable Investors Been Served in the 1980s and 1990s?" Journal of Portfolio Management, vol. 26, no. 4 (Summer):84-93.
    • (2000) Journal of Portfolio Management , vol.26 , Issue.4 SUMMER , pp. 84-93
    • Arnott, R.1    Berkin, A.2    Ye, J.3
  • 4
    • 0040884261 scopus 로고    scopus 로고
    • Can Investors Profit from the Prophets? Security Analyst Recommendations and Stock Returns
    • Barber, B., R. Lehavy, M. McNichols, and B. Trueman. 2001. "Can Investors Profit from the Prophets? Security Analyst Recommendations and Stock Returns." Journal of Finance, vol. 56, no. 2 (April):531-563.
    • (2001) Journal of Finance , vol.56 , Issue.2 APRIL , pp. 531-563
    • Barber, B.1    Lehavy, R.2    McNichols, M.3    Trueman, B.4
  • 5
    • 0011638421 scopus 로고    scopus 로고
    • The Courage of Misguided Convictions
    • Barber, B., and T. Odean, 1999. "The Courage of Misguided Convictions." Financial Analysts Journal, vol. 55, no. 6 (November):41-55.
    • (1999) Financial Analysts Journal , vol.55 , Issue.6 NOVEMBER , pp. 41-55
    • Barber, B.1    Odean, T.2
  • 6
    • 0038876170 scopus 로고    scopus 로고
    • A View of the Current Status of the Size Anomaly
    • Forthcoming Edited by D. Keim and W. Ziemba. Cambridge, U.K.: Cambridge University Press
    • Berk, J. (Forthcoming 2001). "A View of the Current Status of the Size Anomaly." In Security Market Imperfections and World Wide Equity Markets. Edited by D. Keim and W. Ziemba. Cambridge, U.K.: Cambridge University Press.
    • (2001) Security Market Imperfections and World Wide Equity Markets
    • Berk, J.1
  • 8
    • 0032771542 scopus 로고    scopus 로고
    • Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior
    • Campbell, J., and J. Cochrane. 1999. "Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior." Journal of Political Economy, vol. 107, no. 2 (April):205-251.
    • (1999) Journal of Political Economy , vol.107 , Issue.2 APRIL , pp. 205-251
    • Campbell, J.1    Cochrane, J.2
  • 9
    • 0002624840 scopus 로고    scopus 로고
    • On Persistence in Mutual Fund Performance
    • Carhart, M. 1997. "On Persistence in Mutual Fund Performance." Journal of Finance, vol. 52, no. 1 (March):57-82.
    • (1997) Journal of Finance , vol.52 , Issue.1 MARCH , pp. 57-82
    • Carhart, M.1
  • 10
    • 0002880932 scopus 로고    scopus 로고
    • Managerial Performance and the Cross-Sectional Pricing of Closed-End Funds
    • Chay, J., and C. Trzcinka. 1999. "Managerial Performance and the Cross-Sectional Pricing of Closed-End Funds." Journal of Financial Economics, vol. 52, no. 3 (June):379-408.
    • (1999) Journal of Financial Economics , vol.52 , Issue.3 JUNE , pp. 379-408
    • Chay, J.1    Trzcinka, C.2
  • 11
    • 0003612445 scopus 로고
    • The Great Books of the Western World, Volume: Darwin. Franklin Center, PA: The Franklin Library
    • Darwin, C. 1871. The Descent of Man, and Selection in Relation to Sex. The Great Books of the Western World, Volume: Darwin. Franklin Center, PA: The Franklin Library, 1980.
    • (1871) The Descent of Man, and Selection in Relation to Sex
    • Darwin, C.1
  • 12
    • 0041594808 scopus 로고
    • The Great Books of the Western World, Volume: Descartes and Spinoza. Franklin Center, PA: The Franklin Library
    • Descartes, R. 1637. Discourse on the Method of Rightly Conducting the Reason. The Great Books of the Western World, Volume: Descartes and Spinoza. Franklin Center, PA: The Franklin Library, 1982.
    • (1637) Discourse on the Method of Rightly Conducting the Reason
    • Descartes, R.1
  • 13
    • 0039084784 scopus 로고
    • Stock Return Variances: The Arrival of Information and the Reaction of Traders
    • French, K.R., and R. Roll. 1986. "Stock Return Variances: The Arrival of Information and the Reaction of Traders." Journal of Financial Economics, vol. 17, no. 1 (September):5-26.
    • (1986) Journal of Financial Economics , vol.17 , Issue.1 SEPTEMBER , pp. 5-26
    • French, K.R.1    Roll, R.2
  • 15
    • 0001073135 scopus 로고
    • The Use of Knowledge in Society
    • Hayek, F. 1945. "The Use of Knowledge in Society." American Economic Review, vol. 35, no. 4 (September):519-530.
    • (1945) American Economic Review , vol.35 , Issue.4 SEPTEMBER , pp. 519-530
    • Hayek, F.1
  • 17
    • 0000486548 scopus 로고
    • The Performance of Mutual Funds in the Period 1945-1964
    • Jensen, M. 1968. "The Performance of Mutual Funds in the Period 1945-1964." Journal of Finance, vol. 23, no. 2 (May):389-416.
    • (1968) Journal of Finance , vol.23 , Issue.2 MAY , pp. 389-416
    • Jensen, M.1
  • 18
    • 0000615046 scopus 로고
    • Risk, the Pricing of Capital Assets, and the Evaluation of Investment Portfolios
    • _. 1969. "Risk, the Pricing of Capital Assets, and the Evaluation of Investment Portfolios." Journal of Business, vol. 42, no. 2 (April):167-247.
    • (1969) Journal of Business , vol.42 , Issue.2 APRIL , pp. 167-247
  • 19
    • 0009437270 scopus 로고    scopus 로고
    • Global Stock Markets in the Twentieth Century
    • Jorion, P., and W. Goetzmann. 1999. "Global Stock Markets in the Twentieth Century." Journal of Finance, vol. 54, no. 3 (June):953-980.
    • (1999) Journal of Finance , vol.54 , Issue.3 JUNE , pp. 953-980
    • Jorion, P.1    Goetzmann, W.2
  • 20
    • 0000125532 scopus 로고
    • Prospect Theory: An Analysis of Decision under Risk
    • Kahneman, D., and A. Tversky. 1979. "Prospect Theory: An Analysis of Decision under Risk." Econometrica, vol. 47, no. 2 (March):263-291.
    • (1979) Econometrica , vol.47 , Issue.2 MARCH , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 21
    • 0030521058 scopus 로고    scopus 로고
    • Heterogeneous Beliefs and the Effect of Replicable Options on Asset Prices
    • Kraus, A., and M. Smith. 1996. "Heterogeneous Beliefs and the Effect of Replicable Options on Asset Prices." Review of Financial Studies, vol. 9, no. 3 (Fall):723-756.
    • (1996) Review of Financial Studies , vol.9 , Issue.3 FALL , pp. 723-756
    • Kraus, A.1    Smith, M.2
  • 27
    • 0016997122 scopus 로고
    • The Valuation of Uncertain Income Streams and the Pricing of Options
    • Rubinstein, M. 1976. "The Valuation of Uncertain Income Streams and the Pricing of Options." Bell Journal of Economics, vol. 7, no. 2 (Autumn):407-425.
    • (1976) Bell Journal of Economics , vol.7 , Issue.2 AUTUMN , pp. 407-425
    • Rubinstein, M.1
  • 28
    • 84993899427 scopus 로고
    • Implied Binomial Trees
    • _. 1994. "Implied Binomial Trees." Journal of Finance, vol. 69, no. 3 (July):771-818.
    • (1994) Journal of Finance , vol.69 , Issue.3 JULY , pp. 771-818
  • 31
    • 0002751740 scopus 로고
    • Size and Stock Returns, and Other Empirical Regularities
    • Schwert, G.W. 1983. "Size and Stock Returns, and Other Empirical Regularities." Journal of Financial Economics, vol. 12, no. 1 (June 1983):3-12.
    • (1983) Journal of Financial Economics , vol.12 , Issue.1 JUNE 1983 , pp. 3-12
    • Schwert, G.W.1
  • 32
    • 0000893807 scopus 로고
    • Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends?
    • Shiller, R. 1981. "Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends?" American Economic Review, vol. 71, no. 3 (July):421-436.
    • (1981) American Economic Review , vol.71 , Issue.3 JULY , pp. 421-436
    • Shiller, R.1
  • 33
    • 0003587413 scopus 로고
    • The Great Books of the Western World, Volume: Smith. Franklin Center, PA: The Franklin Library
    • Smith, A. 1776. The Wealth of Nations. The Great Books of the Western World, Volume: Smith. Franklin Center, PA: The Franklin Library, 1978.
    • (1776) The Wealth of Nations
    • Smith, A.1
  • 36
    • 0002323390 scopus 로고
    • The Psychology of Choice and the Assumptions of Economics
    • Reprinted New York: Russell Sage Foundation
    • Thaler, R. 1991. "The Psychology of Choice and the Assumptions of Economics." Reprinted in Quasi-Rational Economics. New York: Russell Sage Foundation.
    • (1991) Quasi-Rational Economics
    • Thaler, R.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.