Fr. 77.00

Applying Behavioral Finance to Investing - Cognitive Bias and market anomalies

English, German · Paperback / Softback

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Description

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This book provides an analysis of the characteristics of portfolio managers, traders and banking customers when dealing with available market sensitive information. The results obtained suggest that market participants tend to behave somehow irrationally and overconfidently in selecting available information, creating important anomalies and arbitrage opportunity for rational participants. Studying the behavior of the fund managers that are managing portfolios on the basis of behavioral finance techniques it is possible to extrapolate a unique winning strategy. I moved then the focus on trader s behavior. Overconfident traders do not process exhaustively all the available information but uses rules of thumb to determine which pieces of information deserve to be processed. Then I investigated if banking customers possess the ability to effectively process the available information and if the market has the ability to send signals which are informative and have a disciplining effect on market participants. The experiment focus on the capacity of US banking customers to process the information available through Rating Agency on the conditions of banks fundamentals before bankruptcy.

About the author










As a top tier banking analyst at Goldman Sachs, he has been voted in many survey (Extel, II) as a highly rated top ten European analyst; he also won the coveted ¿Leading Rising Star Analyst¿ title earlier in his career. He has degrees in Economy, History and Political Science, an MBA from Bocconi and a Ph.D in Cognitive Science.

Product details

Authors Alessandro Santoni
Publisher LAP Lambert Academic Publishing
 
Languages English, German
Product format Paperback / Softback
Released 08.02.2012
 
EAN 9783846582411
ISBN 978-3-8465-8241-1
No. of pages 132
Subject Guides > Law, job, finance > Money, bank, stock market

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