Behavioral finance and capital marke...
Szyszka, Adam,

 

  • Behavioral finance and capital markets :how psychology influences investors and corporations /
  • 紀錄類型: 書目-語言資料,印刷品 : Monograph/item
    杜威分類號: 330.01/9
    書名/作者: Behavioral finance and capital markets : : how psychology influences investors and corporations // Adam Szyszka.
    作者: Szyszka, Adam,
    面頁冊數: 1 online resource.
    標題: Economics - Psychological aspects.
    標題: BUSINESS & ECONOMICS / Economics / General
    標題: BUSINESS & ECONOMICS / Reference
    標題: Finance
    標題: Investment & securities
    標題: Psychology
    ISBN: 113736629X (electronic bk.)
    ISBN: 9781137366290 (electronic bk.)
    內容註: 1. Behavioral Approach Versus Neoclassical Theory of Finance -- 2. Psychological Aspects of Decision Making -- 3. Investor Behavior -- 4. Asset Pricing Anomalies and Investment Strategies -- 5. Market-wide Consequences of Behavioral Biases -- 6. Behavioral Insights into Financial Crisis -- 7. Rational Corporations in Irrational Markets -- 8. Managerial Biases in Corporate Policy -- 9. Empirical Evidence on Managerial Practice -- 10. Heuristics and Biases Among Corporate Managers.
    摘要、提要註: Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. "Behavioral Finance and Capital Markets" reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. Szyszka presents and classifies many of the dynamic arguments being made in the current literature on the topic through the use of a new, ground-breaking methodology termed: the General Behavioral Asset Pricing Model (GBM). GBM describes how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior on the part of investors. The connection between psychological factors responsible for irrational behavior and market pricing anomalies is featured extensively throughout the text. Alternative explanations for various theoretical and empirical market puzzles - such as the 2008 U.S. financial crisis - are also discussed in a convincing and interesting manner. The book also provides interesting insights into behavioral aspects of corporate finance.
    電子資源: http://www.palgraveconnect.com/doifinder/10.1057/9781137366290
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