Behavioral finance, Volume 1

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Hersh Shefrin
Edward Elgar Pub., 2001 - Business & Economics - 1952 pages
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Behavioral finance is the study of how psychology affects financial decision making and financial markets. A valuable resource for both academics and practitioners, this authoritative collection brings together the main works in both psychology and finance, dealing with the debate between proponents of the behavioral school and advocates of the efficient market school. The first volume contains works written by leading psychologists that underlie behavioral finance, focusing on general issues in asset pricing theory, and the studies on over-reaction and under-reaction. The second volume contains key works that develop and extend these themes. Topics include the psychology of prediction, reactions to corporate announcements, the term structure of interest rates, the equity premium, and options prices. The final volume is devoted to the psychology of decisions by individuals, both investors and corporate managers.

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Contents

Hersh Shefrin and Meir Statman 1994 Behavioral Capital Asset
89
Lawrence Blume and David Easley 1992 Evolution and Market
134
Eugene F Fama and Kenneth R French 1996 Multifactor
473
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