Behavioral Finance: Understanding the Social, Cognitive, and Economic Debates

Behavioral Finance: Understanding the Social, Cognitive, and Economic Debates
ISBN-10
1118331923
ISBN-13
9781118331927
Series
Behavioral Finance
Category
Business & Economics
Pages
256
Language
English
Published
2013-03-20
Publisher
John Wiley & Sons
Authors
Edwin Burton, Sunit Shah

Description

An in-depth look into the various aspects of behavioralfinance Behavioral finance applies systematic analysis to ideas thathave long floated around the world of trading and investing. Yet itis important to realize that we are still at a very early stage ofresearch into this discipline and have much to learn. That is whyEdwin Burton has written Behavioral Finance: Understanding theSocial, Cognitive, and Economic Debates. Engaging and informative, this timely guide contains valuableinsights into various issues surrounding behavioral finance. Topicsaddressed include noise trader theory and models, research intopsychological behavior pioneered by Daniel Kahneman and AmosTversky, and serial correlation patterns in stock price data. Alongthe way, Burton shares his own views on behavioral finance in orderto shed some much-needed light on the subject. Discusses the Efficient Market Hypothesis (EMH) and itshistory, and presents the background of the emergence of behavioralfinance Examines Shleifer's model of noise trading and explores otherliterature on the topic of noise trading Covers issues associated with anomalies and details serialcorrelation from the perspective of experts such as DeBondt andThaler A companion Website contains supplementary material that allowsyou to learn in a hands-on fashion long after closing the book In order to achieve better investment results, we must firstovercome our behavioral finance biases. This book will put you in abetter position to do so.

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