As such, behavioral funds seek to take advantage of pricing anomalies that may exist in the continuum between rational investors and irrational investors by tracking their sentiment and decision - making. (investopedia.com)
It means we look for situations in the market where irrational investors are influencing asset prices, and we can understand and articulate why this might be so. (abnormalreturns.com)
With so much lacking in terms of irrational investor behavior, one can clearly understand from this kind of information that the markets are not efficient. (greenbackd.com)