Το μοντέλο του ορθολογικού επενδυτή στο δίκαιο της κεφαλαιαγοράς

In capital markets law the Efficient Capital Markets Hypothesis prevails. One of its main assumptions is that the actors in financial transactions are characterized by their rationality, as this is defined by Rational Choice Theory. The prevailing model of rational investor is revised and enriched by Behavior Finance based on empirical studies’ findings. Taking into consideration these findings regulators and legal practitioners are asked to adopt and interpret rules of capital markets law in a way that will secure the most efficient protection of the boundedly rational investors.