Bélyácz, Iván - In: Society and Economy 34 (2012) April, pp. 95-113
than those sharing the idea of prevailing irrational investor behaviour, and that intrinsic value plays a major role in the … market price. With stock market bubbles, the balance between market and intrinsic value temporarily splits: during a crisis … many stocks become overvalued, their prices being higher than their intrinsic value. Furthermore, among the reasons for …