Introduction = xv
Part Ⅰ. NOISE
1. Noise = 3
2. Noise Trader Risk in Finansial Markets = 23
3. Investor Sentiment and the Closed-End Fund Puzzle = 59
Part Ⅱ. VOLATILITY
4. Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends? = 107
5. What Moves Stock Prices? = 133
6. Does the Stock Market Rationally Reflect Fundamental Values? = 153
7. Stock Prices and Social Dynamics = 167
8. Stock Return Variances : The Arrival of Information and the Reaction of Traders = 219
Part Ⅲ. OVERREACTION
9. Does the Stock Market Overreact? = 249
10. Measuring Abnormal Performance : Do stocks Overreact? = 265
11. Stock Price Reactions to Earnings Announcements : A Summary of Recent Anomalous Evidance and Possible Explanaions = 303
12. Overreactions in the Options Market = 341
Part Ⅳ. INTERNATIONAL MARKETS
13. Forward Discount Bias : Is It an Exchange Risk Premium? = 359
14. Investor Diversification and International Equity Markets = 383
Part Ⅴ. CORPORATE FINANCE
15. Explaining Investor Preference for Cash Dividends = 393
16. Equilibrium Short Horizons of Investors and Firms = 427
17. The Hubris Hypothesis of Corporate Takeovers = 437
18. The Long-Run Performance of Initial Public Offerings = 459
Part Ⅵ. INDIVIDUAL BEHAVIOR
19. Speculative Prices and Popular Models = 493
20. The Disposition to Sell Winners Too Early and Ride Losers Too Long : Theory and Evidence = 507
21. The Failure of Competition in the Credit Card Market = 527
Index = 583
Part Ⅰ. NOISE
1. Noise = 3
2. Noise Trader Risk in Finansial Markets = 23
3. Investor Sentiment and the Closed-End Fund Puzzle = 59
Part Ⅱ. VOLATILITY
4. Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends? = 107
5. What Moves Stock Prices? = 133
6. Does the Stock Market Rationally Reflect Fundamental Values? = 153
7. Stock Prices and Social Dynamics = 167
8. Stock Return Variances : The Arrival of Information and the Reaction of Traders = 219
Part Ⅲ. OVERREACTION
9. Does the Stock Market Overreact? = 249
10. Measuring Abnormal Performance : Do stocks Overreact? = 265
11. Stock Price Reactions to Earnings Announcements : A Summary of Recent Anomalous Evidance and Possible Explanaions = 303
12. Overreactions in the Options Market = 341
Part Ⅳ. INTERNATIONAL MARKETS
13. Forward Discount Bias : Is It an Exchange Risk Premium? = 359
14. Investor Diversification and International Equity Markets = 383
Part Ⅴ. CORPORATE FINANCE
15. Explaining Investor Preference for Cash Dividends = 393
16. Equilibrium Short Horizons of Investors and Firms = 427
17. The Hubris Hypothesis of Corporate Takeovers = 437
18. The Long-Run Performance of Initial Public Offerings = 459
Part Ⅵ. INDIVIDUAL BEHAVIOR
19. Speculative Prices and Popular Models = 493
20. The Disposition to Sell Winners Too Early and Ride Losers Too Long : Theory and Evidence = 507
21. The Failure of Competition in the Credit Card Market = 527
Index = 583