Critical Analysis Of The Behavioural Finance As A Theory
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Critical Analysis Of The Behavioural Finance As A Theory
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Author : Lars Steilmann
language : en
Publisher: GRIN Verlag
Release Date : 2017-11-13
Critical Analysis Of The Behavioural Finance As A Theory written by Lars Steilmann and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-13 with Business & Economics categories.
Seminar paper from the year 2015 in the subject Economics - Finance, grade: 1,3, University of Applied Sciences Essen, language: English, abstract: The process of making decisions on the financial market is influenced by various factors and involves a relatively complex behaviour. In general two factors drive the process, one the financial model, that represents the correlation of risk and return and second the internal factors determined by skill level, investment portfolio and education. This work at hand distinguishes between traditional and modern theory of financial markets. The Efficient Market Hypothesis (EMH) explains that investors act rationally and make economic decisions on a rational basis. These process of decision making is explained in the Expected Utility Theory and assumes that investors are doing everything to optimize their performances, which correlates with the term `homo oeconomicus`. The behavioural financial theory, taken as the modern theory, basically handles individual circumstances that result in decision makings on the market. This work at hand will work out the changes that proceeded over the years and try to explain which way is more sufficient for analysing and understanding occasions on the financial market. The aim is to impart, how behavioural finance tries to explain the financial market with help of models. Furthermore possible shortcoming or critics of these models shall be shown.
Behavioural Finance
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Author : Singh Shuchita & Bahi Shilpa
language : en
Publisher: Vikas Publishing House
Release Date :
Behavioural Finance written by Singh Shuchita & Bahi Shilpa and has been published by Vikas Publishing House this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
The theories and concepts of behavioural finance are not widely studied. In many countries, the acceptance level of behavioural theories is quite low. However, the increasing instances of various anomalies of financial markets have forced many researchers to look closer to this modern field of finance. Behavioural Finance seeks to bring together all the concepts and theories developed by renowned international and national researchers and practitioners in financial markets. An in-depth study has been made to explain the current economic downturn and the role of behavioural finance in it. KEY FEATURES • Interviews: Latest industry views by various asset-class experts • Facts: Important factual information in boxes titled 'Do You Know?' • Abbreviations: Important and relevant abbreviated terms • Model Test Papers: For practice • Summary: Given as 'Key Learning Points' for revision
Behavioral Finance
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Author : H. Kent Baker
language : en
Publisher: John Wiley & Sons
Release Date : 2010-10-05
Behavioral Finance written by H. Kent Baker and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10-05 with Business & Economics categories.
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. 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 corporations Behavioral 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.
Behavioural Finance For Private Banking
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Author : Thorsten Hens
language : en
Publisher: John Wiley & Sons
Release Date : 2011-07-05
Behavioural Finance For Private Banking written by Thorsten Hens and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-05 with Business & Economics categories.
A complete framework for applications of behavioral finance in private banking, Behavioural Finance for Private Banking considers client needs specific to private banking like personal circumstances, objectives, and attitude to risk. This book includes the theoretical foundations of investment decision-making, an introduction to behavioral biases, an explanation of cultural differences in global business, a guide to asset allocation over the life cycle of the investment, and several case studies to illustrate how can be applied. A must-read for anyone in private banking, this book demonstrates how to satisfy client needs.
Behavioural Finance
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Author : SINGH, RANJIT
language : en
Publisher: PHI Learning Pvt. Ltd.
Release Date : 2019-09-01
Behavioural Finance written by SINGH, RANJIT and has been published by PHI Learning Pvt. Ltd. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-01 with Business & Economics categories.
Behavioural Finance is a comprehensive textbook intended especially for the management students. It has been designed to polish their decision-making skills in the context of finance and investment decisions. The book provides a balanced presentation of theoretical concepts of behavioural finance and their practical orientation. This book emphasises the application of concepts through case studies and suitable examples in local context. The textbook deals with the concepts of behavioural finance along with its specialised sub-areas. Apart from providing a basic understanding of the concepts in behavioural finance, the book extensively covers the new developments in the area of behavioural finance. Recent researches in different sub-areas of behavioural finance are also given in the “Learning Centre” section on our website www.phindia.com for the benefit of budding scholars. Each chapter starts with a quotation to sensitise readers with the theme of the chapter. To facilitate the understanding of concepts in behavioural finance, the text in each chapter is interspersed with suitable examples. In every chapter, real life case studies are given which again make the book very lucid and understandable. Besides, the learning objectives and introduction that unfold the chapter, the summary at each chapter-end to provide an eagle's eye to the topics discussed are also given. With every chapter, student activities, topics for group discussion, student assignment, and review questions are given to facilitate revision. To assist the readers traverse through the chapters without missing crucial details, the chapters are provided with a number of side-boxes that collect the essence of important sections. PowerPoint slides are available for the instructors who adopt this textbook. TARGET AUDIENCE • Students of MBA/PGDM
Financial Economics
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Author : Thorsten Hens
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-07-01
Financial Economics written by Thorsten Hens and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-01 with Business & Economics categories.
Financial economics is a fascinating topic where ideas from economics, mathematics and, most recently, psychology are combined to understand financial markets. This book gives a concise introduction into this field and includes for the first time recent results from behavioral finance that help to understand many puzzles in traditional finance. The book is tailor made for master and PhD students and includes tests and exercises that enable the students to keep track of their progress. Parts of the book can also be used on a bachelor level. Researchers will find it particularly useful as a source for recent results in behavioral finance and decision theory.
The Financial Consequences Of Behavioural Biases
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Author : Imad A. Moosa
language : en
Publisher: Springer
Release Date : 2017-10-25
The Financial Consequences Of Behavioural Biases written by Imad A. Moosa and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-25 with Business & Economics categories.
This book provides a concise analysis of behavioural biases and their implications for financial decision making. The book is written in the normative tradition, arguing strongly for the superiority of behavioural finance with respect to explaining observed phenomena in financial markets. It offers some unique features, including a discussion of the issue of conspiracy theory and how behavioural biases lead to belief in conspiracy theories. Lingering belief in the principles of neoclassical finance is attributed in part to the doctrine of publish or perish, which dominates contemporary academia. The offshoots of behavioural finance are discussed in detail, including ecological finance, environmental finance, social finance, experimental finance, neurofinance, and emotional finance. A comprehensive discussion of narcissism is presented where it is demonstrated that narcissistic behaviour is prevalent in the finance industry and that it led to the eruption of the global financial crisis.
Behavioral Finance
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Author : Edwin T. Burton
language : en
Publisher: John Wiley & Sons
Release Date : 2013-03-18
Behavioral Finance written by Edwin T. Burton and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-18 with Business & Economics categories.
An in-depth look into the various aspects of behavioral finance Behavioral finance applies systematic analysis to ideas that have long floated around the world of trading and investing. Yet it is important to realize that we are still at a very early stage of research into this discipline and have much to learn. That is why Edwin Burton has written Behavioral Finance: Understanding the Social, Cognitive, and Economic Debates. Engaging and informative, this timely guide contains valuable insights into various issues surrounding behavioral finance. Topics addressed include noise trader theory and models, research into psychological behavior pioneered by Daniel Kahneman and Amos Tversky, and serial correlation patterns in stock price data. Along the way, Burton shares his own views on behavioral finance in order to shed some much-needed light on the subject. Discusses the Efficient Market Hypothesis (EMH) and its history, and presents the background of the emergence of behavioral finance Examines Shleifer's model of noise trading and explores other literature on the topic of noise trading Covers issues associated with anomalies and details serial correlation from the perspective of experts such as DeBondt and Thaler A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book In order to achieve better investment results, we must first overcome our behavioral finance biases. This book will put you in a better position to do so.
Behavioural Technical Analysis
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Author : Paul V. Azzopardi
language : en
Publisher: Harriman House Limited
Release Date : 2010-06-28
Behavioural Technical Analysis written by Paul V. Azzopardi and has been published by Harriman House Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-28 with Business & Economics categories.
This work offers a practical, concise introduction to behavioral finance--a method that is revolutionizing investment because it places real human beings at the center of the market, and shows how human sentiment and emotion is what really drives securities markets.
Behavioural Finance
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Author : Annekathrin Meyer
language : en
Publisher: GRIN Verlag
Release Date : 2003-10-30
Behavioural Finance written by Annekathrin Meyer and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-10-30 with Business & Economics categories.
Seminar paper from the year 2003 in the subject Business economics - Investment and Finance, grade: 1,0 (A), Helsinki Metropolia University of Applied Sciences (Mercuria Business School), course: Corporate Finance, language: English, abstract: Shortly after Nokia announced that earnings and growth will be lower for one quarter due to its product cycles, the market responded (July 27, 2000) by trading nearly 3% of the companies entire cap and thereby erasing nearly $70 billion in market capitalisation. That means that although the company’s earnings per share where up 77% over the previous year, the share price went down 27% on 121 million shares traded, because of one single announcement. How is this to explain? First the theory of modern finance will be described. Then the text continues with the mergence of behavioural finance and the third part presents some of the behavioural factors that influence decision making according to behavioural finance. Criticism of behavioural finance will follow and the assignment will end with my conclusion.