Megaprojects and Risk or New Finance

Megaprojects and Risk: An Anatomy of Ambition

Author: Bent Flyvbjerg

Promoters of multi-billion dollar land-use development megaprojects systematically misinform parliaments, the public and the media in order to get them approved and built. This book not only explores these issues, but suggests practical solutions drawing on theory and scientific evidence from the several hundred projects in twenty nations and five continents. It is of interest to students, scholars, planners, economists, auditors, politicians and concerned citizens.

New interesting textbook: The Selling Sound or Personal Development for Life and Work

New Finance: Overreaction, Complexity and Uniqueness

Author: Robert A Haugen

In this Third Edition, Robert Haugen focuses on the evidence, causes, and history of overreactive pricing in the stock market. He argues that, unlike the other social sciences, economic models aggregate from the assumed behaviors of individuals to predictions about market pricing. These models fail to capture the complexity of human interaction. In addition, Haugen argues that each interaction is entirely unique. The complexity and the uniqueness of interactions make it impossible to generalize from the preferences of individuals to meaningful conclusions about the structure and behavior of market prices. The logical conclusion: Both rational and behavioral economics should be reconsidered.
Bob Haugen is Professor Emeritus at the University of California, Irvine. He serves as Managing Partner to Haugen Custom Financial Systems, which licenses portfolio management software to pension funds, endowments, and institutional and high-net-worth money managers.
For further study on the author's unique approach to stock market analysis, read the entire Bob Hougen series, The Inefficient Stock Market, What Pays Off and Why, and Beast on Wall Street.
Visit prenhall.com/haugen for additional resources. Or go to newfinance.com.

Table of Contents:

 1. Search for the Grail.


 2. The Old Finance.


 3. How Long is the Short Run?


 4. The Ancient Finance.


 5. The Past and the Future.


 6. The Race Between Value and Growth.


 7. Surprise or Risk Premium?


 8. “Bearing” Risk in the Stock Market.


 9. The Holy Grail.


10. Rational Finance, Behavioral Finance, and the New Finance.


11. Dawn of the New Finance.


12. Final Words.


Glossary.