Behavioral Finance: The Second Generation

Behavioral Finance: The Second Generation

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  • Author: Meir Statman
  • Publisher: CFA Institute Research Foundation
  • ISBN: 1944960864
  • Category : Business & Economics
  • Languages : en
  • Pages : 255

Behavioral finance presented in this book is the second-generation of behavioral finance. The first generation, starting in the early 1980s, largely accepted standard finance’s notion of people’s wants as “rational” wants—restricted to the utilitarian benefits of high returns and low risk. That first generation commonly described people as “irrational”—succumbing to cognitive and emotional errors and misled on their way to their rational wants. The second generation describes people as normal. It begins by acknowledging the full range of people’s normal wants and their benefits—utilitarian, expressive, and emotional—distinguishes normal wants from errors, and offers guidance on using shortcuts and avoiding errors on the way to satisfying normal wants. People’s normal wants include financial security, nurturing children and families, gaining high social status, and staying true to values. People’s normal wants, even more than their cognitive and emotional shortcuts and errors, underlie answers to important questions of finance, including saving and spending, portfolio construction, asset pricing, and market efficiency.


Advanced Introduction to Behavioral Finance

Advanced Introduction to Behavioral Finance

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  • Author: H. K. Baker
  • Publisher: Edward Elgar Publishing
  • ISBN: 180220699X
  • Category : Business & Economics
  • Languages : en
  • Pages : 176

Through detailed discussion of the central principles of behavioral finance, this enlightening Advanced Introduction provides a balanced exploration of the broad issues within the field. Chapters explain the continuous development of the discipline and provide a useful differentiation between behavioral finance and standard finance.


Behavioral Finance: The Coming Of Age

Behavioral Finance: The Coming Of Age

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  • Author: Venezia Itzhak
  • Publisher: World Scientific
  • ISBN: 9813279478
  • Category : Business & Economics
  • Languages : en
  • Pages : 500

The area of behavioral finance, though relatively young, has matured and spread beyond its initial objectives: to demonstrate the fallibility of the efficient market hypothesis, to shake the belief in the ubiquity of rational decision making, and to convince the finance world of the importance of psychological biases in decision making. The success of the field in meeting its goals, however, has called into question its continued relevance. Behavioral finance is thus currently at a crossroads, and researchers need to decide which way they should turn for the area to continue to thrive and to meaningfully contribute to financial knowledge.This collection of papers deals with rarely-explored topics to point at new directions that behavioral finance should explore to maintain its viability, along with contributions to traditional topics. Some of these topics include innovations, the psychology of policy-makers, biases of peer-to-peer market participants, the behavior and motivation behind corporate social responsibility, and the design of exchanges. Additionally, well-known topics such as the disposition effect, slow and fast decisions and the availability heuristic are revisited, and surprising new findings are presented.By opening the field to novel avenues of discussion, this book addresses the future of behavioral finance and its transition into a new era.


Studies at the Crossroads of Management & Economics

Studies at the Crossroads of Management & Economics

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  • Author: Samet Evci
  • Publisher: IJOPEC PUBLICATION
  • ISBN: 1912503921
  • Category : Business & Economics
  • Languages : en
  • Pages : 470

Business and economics, which are among the disciplines of social science, examine and discuss many issues affecting human life from various perspectives. In this context, prominent subjects in business and economics are examined by authors with different disciplines and approaches in this book. The book consists of three chapters: economıc theory and polıcy, financial accounting and auditing, strategic management and marketing. The subjects in each chapter are examined in an understandable way in accordance with the business managers, investors and researchers.


Handbook of Research on Decision-Making Techniques in Financial Marketing

Handbook of Research on Decision-Making Techniques in Financial Marketing

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  • Author: Dinçer, Hasan
  • Publisher: IGI Global
  • ISBN: 1799825604
  • Category : Business & Economics
  • Languages : en
  • Pages : 646

Consumer needs and demands are constantly changing. Because of this, marketing science and finance have their own concepts and theoretical backgrounds for evaluating consumer-related challenges. However, examining the function of finance with a marketing discipline can help to better understand internal management processes and compete in today’s market. The Handbook of Research on Decision-Making Techniques in Financial Marketing is a collection of innovative research that integrates financial and marketing functions to make better sense of the workplace environment and business-related challenges. Different financial challenges are taken into consideration while many of them are based on marketing theories such as agency theory, product life cycle, and optimal consumer experience. While highlighting topics including behavioral financing, corporate ethics, and Islamic banking, this book is ideally designed for financiers, marketers, financial analysts, marketing strategists, researchers, policymakers, government officials, academicians, students, and industry professionals.


Research Foundation Review 2019

Research Foundation Review 2019

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  • Author: CFA Institute Research Foundation
  • Publisher: CFA Institute Research Foundation
  • ISBN: 1944960945
  • Category : Business & Economics
  • Languages : en
  • Pages : 120

Research Foundation Review 2019 presents the offerings from CFA Institute Research Foundation during 2019. We start with an overview, summarize the year's output, and end with other relevant material, such as awards and recognition.


The Behavioural Finance Revolution

The Behavioural Finance Revolution

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  • Author: Riccardo Viale
  • Publisher: Edward Elgar Publishing
  • ISBN: 1788973062
  • Category :
  • Languages : en
  • Pages : 272

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.


Effective Investments on Capital Markets

Effective Investments on Capital Markets

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  • Author: Waldemar Tarczyński
  • Publisher: Springer
  • ISBN: 3030212742
  • Category : Business & Economics
  • Languages : en
  • Pages : 510

This proceedings volume presents current research and innovative solutions into capital markets, particularly in Poland. Featuring contributions presented at the 10th Capital Market Effective Investments (CMEI 2018) conference held in Międzyzdroje, Poland, this book explores the future of capital markets in Poland as well as comparing it with the capital markets of other developed regions around the world. Divided into four parts, the enclosed papers provide a background into the theoretical foundations of capital market investments, explores different approaches—both classical and contemporary—to investment decision making, analyzes the behaviors of investors using experimental economics and behavioral finance, and explores practical issues related to financial market investments, including real case studies. In addition, each part of the book begins with an introductory chapter written by thematic editors that provides an outline of the subject area and a summary of the papers presented.


Finance 2: Asset Allocation and Market Efficiency

Finance 2: Asset Allocation and Market Efficiency

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  • Author: Michael Frömmel
  • Publisher: BoD – Books on Demand
  • ISBN: 3750437734
  • Category : Business & Economics
  • Languages : en
  • Pages : 378

This books builds on 'Finance 1: Portfolio Theory and Management'. Both volumes are linked through the asset allocation process. While Finance 1 focuses on portfolio theory and strategic asset allocation, Finance 2 deals with tactical asset allocation and market efficiency. We start by reviewing the asset allocation process, market timing and the approach by Black and Litterman. Section 2 deals with the predictability of prices, including technical analysis and momentum. Turning to factors that may cause the predictability - if there is any - we discuss models from behavioural finance. The subsequent section deals with bubbles and herd behaviour, before we cover market microstructure and its implications. The book's last section deals with price manipulation as a cause for inefficiencies.


Behavioural Influence on Investment Decision by Residents & Non Residents of India

Behavioural Influence on Investment Decision by Residents & Non Residents of India

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  • Author: Dr Gayathri T
  • Publisher: Archers & Elevators Publishing House
  • ISBN: 9394958231
  • Category : Antiques & Collectibles
  • Languages : en
  • Pages : 154