A SURVEY OF BEHAVIORAL FINANCE
Dublin Core
Title
A SURVEY OF BEHAVIORAL FINANCE
Subject
Economic
Economic Behavior
Economic Behavior
Description
Behavioral finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational. The field has two building blocks: limits to arbitrage, which argues that it can be difficult for rational traders to undo the dislocations caused by less rational traders; and psychology, which catalogues the kinds of deviations from full rationality we might expect to see. We discuss
these two topics, and then present a number of behavioral finance applications: to the aggregate stock market, to the cross-section of average returns, to individual trading behavior, and to corporate finance. We close by assessing progress in the field and speculating about its future course.
these two topics, and then present a number of behavioral finance applications: to the aggregate stock market, to the cross-section of average returns, to individual trading behavior, and to corporate finance. We close by assessing progress in the field and speculating about its future course.
Creator
NICHOLAS BARBERIS
RICHARD THALER
RICHARD THALER
Publisher
Elsevier Science B.V.
Date
2003
Contributor
Novita
Format
PDF
Language
English
Type
Textbooks
Files
Collection
Citation
NICHOLAS BARBERIS
RICHARD THALER, “A SURVEY OF BEHAVIORAL FINANCE ,” Portal Ebook UNTAG SURABAYA, accessed March 15, 2025, https://ebook.untag-sby.ac.id/items/show/1000.