Why can meteorologists make predictions, but financial economists cannot? Why does it make sense to play a game where you will probably be one of the losers? This book aims to provide answers to these questions by deepening the reader's understanding of how modern financial markets work. The new edition includes additional sections on current topics such as behavioral and experimental finance.

Felix Holzmeister; Jürgen Huber; Michael Kirchler; Klaus Schredelseker, University of Innsbruck, Austria.