00Thaler_FM i-xxvi.qxd

CONTENTS

Preface xi

Richard H. Thaler

Acknowledgments xix

List of Abbreviations xxiii

Chapter1A Survey of Behavioral Finance 1

Nicholas Barberis and Richard H. Thaler

Part ILimits to Arbitrage

Chapter 2 The Limits of Arbitrage 79

Andrei Shleifer and Robert W. Vishny

Chapter 3 How Are Stock Prices Affected by the Location of
Trade? 102

Kenneth A. Froot and Emil M. Dabora

Chapter 4 Can the Market Add and Subtract? Mispricing in Tech
Stock Carve-outs 130

Owen A. Lamont and Richard H. Thaler

Part II Stock Returns and the

Equity Premium

Chapter5Valuation Ratios and the Long-run Stock Market
Outlook: An Update 173

John Y. Campbell and Robert J. Shiller

Chapter 6 Myopic Loss Aversion and the Equity
Premium Puzzle 202

Shlomo Benartzi and Richard H. Thaler

Chapter7Prospect Theory and Asset Prices 224

Nicholas Barberis, Ming Huang, and Tano Santos