| Description |
1 online resource (x, 335 pages) : illustrations |
| Contents |
Introduction -- Part I. Foundations. Behavioral approach versus neoclassical finance -- Psychological aspects of decision making -- Part II. Investor behavior and asset pricing. Investor behavior -- Asset-pricing anomalies and investment strategies -- Part III. Aggregate market behavior. Market-wide consequences of behavioral biases -- Behavioral insights into financial crisis -- Part IV. Behavioral corporate finance. Rational corporations in irrational markets -- Managerial biases in corporate policy -- Managerial practice -- Heuristics and biases among corporate managers -- Concluding remarks |
| Summary |
"Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral Finance and Capital Markets reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. Szyszka presents and classifies many of the dynamic arguments being made in the current literature on the topic through the use of a new, ground-breaking methodology termed: the General Behavioral Asset Pricing Model (GBM). GBM describes how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior on the part of investors. The connection between psychological factors responsible for irrational behavior and market pricing anomalies is featured extensively throughout the text. Alternative explanations for various theoretical and empirical market puzzles - such as the 2008 U.S. financial crisis - are also discussed in a convincing and interesting manner. The book also provides interesting insights into behavioral aspects of corporate finance."--Publisher's description |
| Bibliography |
Includes bibliographical references (pages 277-312) and index |
| Notes |
Online resource; title from title details screen (Palgrave Connect, viewed Oct. 1, 2013) |
| Subject |
Economics -- Psychological aspects.
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Psychology.
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Finance.
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Investment & securities.
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BUSINESS & ECONOMICS -- Economics -- General.
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BUSINESS & ECONOMICS -- Reference.
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Psychology.
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Economics -- Psychological aspects
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Psychology.
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Finance.
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Investment & securities.
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Psychology.
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| Form |
Electronic book
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| ISBN |
9781137366290 |
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113736629X |
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