Informace a iracionalita investora
Information and Irrationality of Investor

Summary/Abstract: According to the efficient market hypothesis, the conduction of the investor on capital markets should be rational because an investor always possesses relevant information. Therefore the assets prices on an efficient market should reflect all the known, public information. Nevertheless, on capital markets there can be so called “investment bubbles” and rapid slumps of the financial assets which cause the instability of the economic system. Market instability can be the result of investor’s irrationality because they estimate the available information incorrectly or they draw conclusions on the basis of only partial information.

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