Strange goings-on...in the New Zealand stockmarket...or not?

Glenn Boyle

No 375103, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Are stock prices primarily determined by hard-headed and rationally calculating automatons, or are they instead the result of emotive and irrational tendencies and beliefs? Before about 1960, it would have been difficult to find anybody who believed in the former and, while most practitioners never retreated from this position, theoretical and empirical research resulted in the consensus academic view doing a 180 degree turn. In the last few years, however, so-called behavioural considerations have prompted an academic re-think. Glenn Boyle surveys the history of this debate and reports some recent New Zealand-based research.

Date: 2004-12-01
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https://ojs.victoria.ac.nz/crt/article/view/3751

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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:375103

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