Advances in Behavioral Finance

Advances in Behavioral Finance

This second volume presents twenty recent papers by leading specialists that illustrate the abiding power of behavioural finance. "This book provides a thorough review of progress in the field of behavioral finance over the past ten years.

Author: Richard H. Thaler

Publisher: Princeton University Press

ISBN: 9780691121758

Category: Business & Economics

Page: 712

View: 986

A definitive and wide-ranging overview of developments in behavioural finance over the past ten years. This second volume presents twenty recent papers by leading specialists that illustrate the abiding power of behavioural finance.
Categories: Business & Economics

Advances in Behavioral Finance

Advances in Behavioral Finance

"This book provides a thorough review of progress in the field of behavioral finance over the past ten years. By every measure, it will have considerable impact.

Author: Richard H. Thaler

Publisher: Princeton University Press

ISBN: 0691121745

Category: Investments

Page: 597

View: 630

Advances in Behavioral Finance is a solid beachhead for behavioral work in the financial arena and a clear promise of wider application for behavioral economics in the future.
Categories: Investments

Advances in Behavioral Finance

Advances in Behavioral Finance

"This book provides a thorough review of progress in the field of behavioral finance over the past ten years. By every measure, it will have considerable impact.

Author: Richard H. Thaler

Publisher: Princeton University Press

ISBN: 0691121745

Category: Investments

Page: 597

View: 586

Advances in Behavioral Finance is a solid beachhead for behavioral work in the financial arena and a clear promise of wider application for behavioral economics in the future.
Categories: Investments

Advances in Behavioral Finance

Advances in Behavioral Finance

"This book provides a thorough review of progress in the field of behavioral finance over the past ten years. By every measure, it will have considerable impact.

Author: Richard H. Thaler

Publisher: Princeton University Press

ISBN: 0691121745

Category: Investments

Page: 597

View: 816

Advances in Behavioral Finance is a solid beachhead for behavioral work in the financial arena and a clear promise of wider application for behavioral economics in the future.
Categories: Investments

Advances in Behavioral Finance Volume II Limits to Arbitrage Chapter 2 The Limits of Arbitrage Chapter 3 How Are Stock Prices Affected by the Location of Trade Chapter 4 Can the Market Add and Subtract Mispricing in Tech Stock Carve outs Part II Stock Returns and the Equity Premium Chapter 5 Valuation Ratios and the Long run Stock Market Outlook An Update Chapter 6 Myopic Loss Aversion and the Equity Premium Puzzle

Advances in Behavioral Finance  Volume II  Limits to Arbitrage      Chapter 2 The Limits of Arbitrage       Chapter 3 How Are Stock Prices Affected by the Location of Trade       Chapter 4 Can the Market Add and Subtract  Mispricing in Tech Stock Carve outs      Part II  Stock Returns and the Equity Premium      Chapter 5 Valuation Ratios and the Long run Stock Market Outlook  An Update      Chapter 6 Myopic Loss Aversion and the Equity Premium Puzzle

This book offers a definitive and wide-ranging overview of developments in behavioral finance over the past ten years.

Author:

Publisher:

ISBN: 1282935542

Category: Investments

Page: 721

View: 909

This book offers a definitive and wide-ranging overview of developments in behavioral finance over the past ten years. In 1993, the first volume provided the standard reference to this new approach in finance--an approach that, as editor Richard Thaler put it, ""entertains the possibility that some of the agents in the economy behave less than fully rationally some of the time."" Much has changed since then. Not least, the bursting of the Internet bubble and the subsequent market decline further demonstrated that financial markets often fail to behave as they would if trading were truly domin.
Categories: Investments

Advances in Entrepreneurial Finance

Advances in Entrepreneurial Finance

Showcasing the latest research, this volume demonstrates that findings from the behavioral and neuroscience arenas can and do explain decision making by entrepreneurs and venture investors in the real world.

Author: Rassoul Yazdipour

Publisher: Springer Science & Business Media

ISBN: 1441975276

Category: Business & Economics

Page: 254

View: 866

Advances in Entrepreneurial Finance brings together contributions from researchers from the fields of entrepreneurship, behavioral finance, psychology, and neuroscience to shed new light on the dynamics of decision making and risk taking by entrepreneurs and venture capitalists (VCs). Every new venture requires access to capital at competitive interest rates, and much has been written on general entrepreneurship by management scholars and financial contracting by financial economists using traditional finance theory with all its highly restrictive assumptions regarding decision makers’ cognitive capabilities and behavior. But recent developments in behavioral finance can now be applied to understand how entrepreneurs and VCs perceive risk and uncertainty and how they decide and act accordingly. Showcasing the latest research, this volume demonstrates that findings from the behavioral and neuroscience arenas can and do explain decision making by entrepreneurs and venture investors in the real world. Consequently, such findings have practical implications not only for entrepreneurs, venture capitalists, and their advisors, but also all government agencies and NGOs that want to support product and technological innovation, capital formation, job creation, and economic development.
Categories: Business & Economics

The Behavioural Finance Revolution

The Behavioural Finance Revolution

This book explores how behavioural finance can go hand-in-hand with traditional methods to help banks and regulators create better policies.

Author: Riccardo Viale

Publisher: Edward Elgar Publishing

ISBN: 9781788973069

Category:

Page: 272

View: 128

Financial markets are complex. Regulators strive to predict ways in which they can malfunction and create rules to prevent this from happening, yet behavioural impacts are often overlooked. This book explores how behavioural finance can go hand-in-hand with traditional methods to help banks and regulators create better policies. It also demonstrates how the behavioural finance revolution has opened the way to a more integrated approach to the analysis of economic phenomena.
Categories:

Behavioral Finance

Behavioral Finance

Journal of Finance 27:4, 779-799. Taleb, Nassim. 2007. The black swan: The
impact of the highly improbable. New York: Random House. Thaler, Richard, ed.
1993. Advances in behavioral finance. New York: Russell Sage Foundation.
Thaler ...

Author: H. Kent Baker

Publisher: John Wiley & Sons

ISBN: 0470769688

Category: Business & Economics

Page: 768

View: 980

A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. Uses a structured approach to put behavioral finance in perspective Relies on recent research findings to provide guidance through the maze of theories and concepts Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.
Categories: Business & Economics

Behavioral Finance and Decision Making Models

Behavioral Finance and Decision Making Models

"This book examines behavioral biases and their impact on investment decisions.

Author: Tripti Tripathi

Publisher:

ISBN: 1522573992

Category: Business & Economics

Page: 360

View: 128

This book examines behavioral biases and their impact on investment decisions. It also explores the applicability of econometric data modelling in behavioral finance markets and financial innovations in various fields of micro finance, public private partnership, mergers and acquisitions and behavioral finance
Categories: Business & Economics

Behavioural Technical Analysis

Behavioural Technical Analysis

This work offers a practical, concise introduction to behavioral finance--a method that is revolutionizing investment because it places real human beings at the center of the market, and shows how human sentiment and emotion is what really ...

Author: Paul V. Azzopardi

Publisher: Harriman House Limited

ISBN: 9781905641413

Category: Business & Economics

Page: 201

View: 771

This work offers a practical, concise introduction to behavioral finance--a method that is revolutionizing investment because it places real human beings at the center of the market, and shows how human sentiment and emotion is what really drives securities markets.
Categories: Business & Economics

Behavioral Finance and Wealth Management

Behavioral Finance and Wealth Management

(Professor Thaler is the editor of Advances in BehavioralFinance,which was
published in 1993.) One ofthe leading authorities on behavioral finance
isProfessor Hersh Shefrin, Ph.D.,a professor of finance attheLeavey Schoolof
Business at ...

Author: Michael M. Pompian

Publisher: John Wiley & Sons

ISBN: 1118046315

Category: Business & Economics

Page: 336

View: 579

"Pompian is handing you the magic book, the one that reveals your behavioral flaws and shows you how to avoid them. The tricks to success are here. Read and do not stop until you are one of very few magicians." —Arnold S. Wood, President and Chief Executive Officer, Martingale Asset Management Fear and greed drive markets, as well as good and bad investment decision-making. In Behavioral Finance and Wealth Management, financial expert Michael Pompian shows you, whether you're an investor or a financial advisor, how to make better investment decisions by employing behavioral finance research. Pompian takes a practical approach to the science of behavioral finance and puts it to use in the real world. He reveals 20 of the most prominent individual investor biases and helps you properly modify your asset allocation decisions based on the latest research on behavioral anomalies of individual investors.
Categories: Business & Economics

Advances in Behavioral Economics

Advances in Behavioral Economics

Benartzi's work has been published in the Journal of Political Economy,
American Economic Review, Journal of Finance, and Management Science. His
work been discussed in the Economist, Financial Times, Investor's Business
Daily, the ...

Author: Colin F. Camerer

Publisher: Princeton University Press

ISBN: 1400829119

Category: Business & Economics

Page: 768

View: 355

Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics. The articles, which follow Colin Camerer and George Loewenstein's introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gächter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O'Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.
Categories: Business & Economics

Handbook of Research on Behavioral Finance and Investment Strategies Decision Making in the Financial Industry

Handbook of Research on Behavioral Finance and Investment Strategies  Decision Making in the Financial Industry

The Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry presents an interdisciplinary, comparative, and competitive analysis of the thought processes and planning necessary for ...

Author: Copur, Zeynep

Publisher: IGI Global

ISBN: 9781466674851

Category: Business & Economics

Page: 525

View: 425

In an ever-changing economy, market specialists strive to find new ways to evaluate the risks and potential reward of economic ventures by assessing the importance of human reaction during the economic planning process. The Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry presents an interdisciplinary, comparative, and competitive analysis of the thought processes and planning necessary for individual and corporate economic management. This publication is an essential reference source for professionals, practitioners, and managers working in the field of finance, as well as researchers and academicians interested in an interdisciplinary approach to combine financial management, sociology, and psychology.
Categories: Business & Economics

Behavioral Economics of Preferences Choices and Happiness

Behavioral Economics of Preferences  Choices  and Happiness

This book is a collection of important contributions by Japanese researchers and their coauthors to present current advances in behavioral economics and finance, particularly in relation to decision making and human well-being.

Author: Shinsuke Ikeda

Publisher: Springer

ISBN: 9784431554028

Category: Business & Economics

Page: 717

View: 156

This book is a collection of important contributions by Japanese researchers and their coauthors to present current advances in behavioral economics and finance, particularly in relation to decision making and human well-being. The topics covered in this volume include decision making under the conditions of inter-temporal choices, risk and social relations, happiness and the neuro-scientific/biological basis of behavior. The book includes works of research, both theoretical and empirical, on time discounting, time preferences, risk aversion, altruism, social status, happiness, addiction, limited attention and health and financial investments. The authors of the chapters add supplementary discussions to survey more recent advances on related topics or to provide detailed information that were abbreviated in the original publications. The addenda will enable readers to deepen their understanding of decision making and human well-being.
Categories: Business & Economics

Behavioral Finance

Behavioral Finance

Advances in Behavioral Finance , New York : Russell Sage Foundation . Thaler ,
Richard , 1999b . “ The End of Behavioral Finance , ' Financial Analysts Journal ,
55 ( 6 ) , 12–17 . Thaler , Richard and Eric Johnson , 1991. ' Gambling with the ...

Author: Hersh Shefrin

Publisher: Edward Elgar Pub

ISBN: UOM:49015002596659

Category: Business & Economics

Page: 669

View: 869

This three-volume set brings together the main works in both psychology and finance dealing with the debate between advocates of the behavioral and efficient market schools as to how psychology affects financial decision making and markets. Volume I contains 25 works written by leading psychologists about what characterizes behavioral finance, with a focus upon general issues in asset pricing theory, and studies on overreaction and underreaction. Volume II offers 28 key works that develop and extend topics related to the psychology of prediction, reactions to corporate announcements, the term structure of interest rates, the equity premium, and options prices. Volume III, 33 articles, is devoted to the psychology of decision-making by individuals, both investors and corporate managers. Most of the articles were written in the 1990s. Edited by Hersh Shefrin (finance, Santa Clara U.). Lacks a subject index. Annotation copyrighted by Book News, Inc., Portland, OR
Categories: Business & Economics

Investment Risk Management

Investment Risk Management

“Emotional Finance: The Role of the Unconscious in Financial Decisions.” In H.
Kent Baker and John R. Nofsinger, eds., Behavioral Finance: Investors,
Corporations, and Markets, 95–11. Hoboken, NJ: John ... Advances in Behavioral
Finance.

Author: H. Kent Baker

Publisher: Oxford University Press

ISBN: 9780190214081

Category: Business & Economics

Page: 736

View: 833

All investments carry with them some degree of risk. In the financial world, individuals, professional money managers, financial institutions, and many others encounter and must deal with risk. Risk management is a process of determining what risks exist in an investment and then handling those risks in the best-suited way. This is important because it can reduce or augment risk depending on the goals of investors and portfolio managers. The main purpose of Investment Risk Management is to provide an overview of developments in risk management and a synthesis of research involving these developments. The book examines ways to alter exposures through measuring and managing those exposures and provides an understanding of the latest strategies and trends within risk management. The scope of the coverage is broad and encompasses the most important aspects of investment risk management. Its 30 chapters are organized into six sections: (1) foundations of risk management, (2) types of risk, (3) quantitative assessment of risk, (4) risk and risk classes, (5) hedging risk and (6) going forward. The book should be of particular interest to sophisticated practitioners, investors, academics, and graduate finance students. Investment Risk Management provides a fresh look at this intriguing but complex subject.
Categories: Business & Economics

Frontier Emerging Equity Markets Securities Price Behavior and Valuation

Frontier Emerging Equity Markets Securities Price Behavior and Valuation

... not be efficient.10 Most of the reasoning is based on theories in the relatively
unexplored field of behavioral finance. ... finance-based reasoning for market
inefficiencies see Richard H. Thaler et al., eds., Advances in Behavioral Finance,
 ...

Author: Oliver S. Kratz

Publisher: Springer Science & Business Media

ISBN: 0792385853

Category: Business & Economics

Page: 201

View: 329

Further, this book develops the first comprehensive framework for valuing a frontier equity market. As the first research-level monograph exclusively dedicated to frontier emerging equity market analysis, it offers a unique dual perspective on how academic financial research finds its complementary and sometimes antagonistic counterpart in real-life investment decision-making.
Categories: Business & Economics

Fundamentals of Financial Management

Fundamentals of Financial Management

A CLOSER LOOK AT BEHAVIORAL FINANCE THEORY SELF What does it
mean for a market to be ... Advances in Behavioral Finance (New York: Russell
Sage Foundation, 1993); Hersh Shefrin, “Behavioral Corporate Finance,” Journal
of ...

Author: Eugene F. Brigham

Publisher: Cengage Learning

ISBN: 9781133709121

Category: Business & Economics

Page: 816

View: 436

With the same contemporary approach and dynamic examples that made previous editions so popular, this fully revised thirteenth edition of FUNDAMENTALS OF FINANCIAL MANAGEMENT continues to provide students with a focused understanding of today's corporate finance and financial management. This market-leading text offers a unique balance of clear concepts, contemporary theory, and practical applications in order to help students understand the concepts and reasons behind corporate budgeting, financing, working capital decision making, forecasting, valuation, and Time Value of Money (TVM). The thirteenth edition has been updated to include discussions of several major events such as the BP oil spill, the European debt crisis, and the ongoing weakness in the economy and financial markets. Numerous practical examples, Quick Questions, proven end-of-chapter applications, Integrated Cases, and real-world examples demonstrate theory in action. A comprehensive support package --prepared by the text authors -- connects closely with the book to reduce preparation time and reinforce students understanding. You can also engage your students with a variety of tools including Thomson One Business School Edition, the same financial online database professionals use every day; updated Excel spreadsheets models; today's leading online homework solution, Aplia for Finance; and CengageNOW course management system. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Categories: Business & Economics