Alphanomics: The Informational Underpinnings of Market Efficiency
这篇专著简要介绍了市场效率、行为金融学和基本面分析的实证研究，涵盖学术思想演变、噪声交易者模型、投资者情绪、价值投资中的基本面分析、套利成本与约束，以及区分错误定价与风险的研究方法问题。
This monograph is a compact introduction to empirical research on market efficiency, behavioral finance, and fundamental analysis. The first section reviews the evolution of academic thinking on market efficiency. Section 2 introduces the noise trader model as an alternative framework for market-related research. Section 3 surveys the growing literature on the causes and consequences of investor sentiment. Section 4 examines the role of fundamental analysis in value investing. Section 5 contains a survey of the literature on arbitrage costs and constraints, and Section 6 discusses research methodology issues associated with the need to distinguish between mispricing from risk.