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  A BEHAVIORAL FINANCE APPROACH TO INTERNATIONAL MONETARY AND FINANCIAL ANALYSIS

  WILLETT, T.

  Efficient market theory has made an important contribution to economic and financial analysis, but markets do not always behave according to the theory's predictions. The behavioral finance approach advocated in this Element is a complement to efficient market theory. The Element stresses the effects of perverse incentives, complexity, and uncertainty, as well as the roles of m...

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