Read more
Informationen zum Autor H. KENT BAKER, PHD, CFA, CMA, is University Professor of Finance and Kogod Research Professor at the Kogod School of Business, American University. He has published extensively in leading academic and professional finance journals including the Journal of Finance Journal of Financial and Quantitative Analysis,Financial Management, Financial Analysts Journal, Journal of Portfolio Management, and Harvard Business Review. Professor Baker is recognized as one of the most prolific authors in finance during the past fifty years. He has consulting and training experience with more than 100 organizations and has been listed in fifteen biographies. JOHN R. NOFSINGER is an Associate Professor of Finance and Nihoul Faculty Fellow at Washington State University. He is one of the world's leading experts in behavioral finance and is a frequent speaker on this topic at investment management conferences, universities, and academic conferences. Nofsinger has often been quoted or appeared in the financial media, including the Wall Street Journal, Financial Times, Fortune, BusinessWeek, Bloomberg, and CNBC. He writes a blog called "Mind on My Money" at psychologytoday.com. Klappentext A definitive guide to the growing field of behavioral financeThis 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 corporationsBehavioral 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. Zusammenfassung 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. Inhaltsverzeichnis Acknowledgments ix Part I Foundation and Key Concepts 1 1 Behavioral Finance: An Overview 3 H. Kent Baker, John R. Nofsinger 2 Traditional versus Behavioral Finance 23 Robert Bloomfield 3 Behavioral Finance: Application and Pedagogy in Business Education and Training 39 Rassoul Yazdipour, James A. Howard 4 Heuristics or Rules of Thumb 57 Hugh Schwartz 5 Neuroeconomics and Neurofinance 73 Richard L. Peterson 6 Emotional Finance: The Role of the Unconscious in Financial Decisions 95 Richard J. Taffler, David A. Tuckett 7 Experimental Finance 113 Robert Bloomfield, Alyssa Anderson 8 The Psychology of Risk 131 Victor Ricciardi 9 Psychological Influences on Financial Regulation and Policy 151 David Hirshleifer, Siew Hong Teoh Part II Psychological Concepts and Behavioral Biases 169 10 Disposition Effect 171 Markku Kaustia 11 Prospect Theory and Behavioral Finance 191 Morris Altman 12 Cumulative Prospect Theory: Tests Using the Stochastic Dominance Approach 211 Haim Levy 13 Overconfidence 241 Markus Glaser, Martin Weber 14 The Represe...
