Beast on Wall Street

by Robert A. Haugen

Shows how price-driven volatility explains many of the mysteries associated with stock price behavior. Covers the excess volatility problem of Shiller; the equity premium puzzle of Mehra and Prescot; the private information hypothesis of French and Roll; and shows why professionals have a difficult time beating the market. Portfolio Managers, Brokers, and Investment Bankers.

Genres: Finance, Economics

160 pages, Paperback

First published June 19, 1998