Advances in Behavioral Finance, Volume II
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Arbitrage
Arbitrage pricing theory
Behavioral economics
Beta (finance)
Capital asset pricing model
Capital budgeting
Cash flow
Category=KFFM
Churning (finance)
Credit (finance)
Discount brokerage
Diversification (finance)
Dividend
Dividend payout ratio
Earnings management
Economic indicator
Economic surplus
Economics
Efficient-market hypothesis
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equity (finance)
Equity Market
Equity premium puzzle
Finance
Financial economics
Financial innovation
Financial planner
Financial ratio
Forecast period (finance)
Growth stock
Hedge (finance)
Hedge fund
Income Risk
Institutional investor
Investment
Investment company
Investment strategy
Investor
Journal of Economic Theory
Journal of Financial and Quantitative Analysis
Leverage (finance)
Limits to arbitrage
Loss aversion
Macroeconomic Factor
Margin (finance)
Market capitalization
Market liquidity
Market Value Of Equity
Modern portfolio theory
Momentum trader
Monetary policy
Money market fund
Option (finance)
Price Change
Price return
Profit (economics)
Real versus nominal value (economics)
Return on equity
Risk aversion
Security (finance)
Share price
Stock market
Stock Pick
Stock valuation
Swap (finance)
Tax Arbitrage
Terminal value (finance)
Trader (finance)
Trading strategy
Valuation (finance)
Value investing
Zacks Investment Research
Product details
- ISBN 9780691121758
- Weight: 992g
- Dimensions: 152 x 235mm
- Publication Date: 25 Jul 2005
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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This book offers a definitive and wide-ranging overview of developments in behavioral finance over the past ten years. In 1993, the first volume provided the standard reference to this new approach in finance--an approach that, as editor Richard Thaler put it, "entertains the possibility that some of the agents in the economy behave less than fully rationally some of the time." Much has changed since then. Not least, the bursting of the Internet bubble and the subsequent market decline further demonstrated that financial markets often fail to behave as they would if trading were truly dominated by the fully rational investors who populate financial theories. Behavioral finance has made an indelible mark on areas from asset pricing to individual investor behavior to corporate finance, and continues to see exciting empirical and theoretical advances. Advances in Behavioral Finance, Volume II constitutes the essential new resource in the field.
It presents twenty recent papers by leading specialists that illustrate the abiding power of behavioral finance--of how specific departures from fully rational decision making by individual market agents can provide explanations of otherwise puzzling market phenomena. As with the first volume, it reaches beyond the world of finance to suggest, powerfully, the importance of pursuing behavioral approaches to other areas of economic life. The contributors are Brad M. Barber, Nicholas Barberis, Shlomo Benartzi, John Y. Campbell, Emil M. Dabora, Daniel Kent, Francois Degeorge, Kenneth A. Froot, J. B. Heaton, David Hirshleifer, Harrison Hong, Ming Huang, Narasimhan Jegadeesh, Josef Lakonishok, Owen A. Lamont, Roni Michaely, Terrance Odean, Jayendu Patel, Tano Santos, Andrei Shleifer, Robert J. Shiller, Jeremy C. Stein, Avanidhar Subrahmanyam, Richard H. Thaler, Sheridan Titman, Robert W. Vishny, Kent L. Womack, and Richard Zeckhauser.
Richard H. Thaler is Robert P. Gwinn Professor of Behavioral Science and Economics at the University of Chicago's Graduate School of Business. He is the author of "Quasi-Rational Economics" (Russell Sage Foundation) and "The Winner's Curse" (Free Press, 1991; Princeton paperback, 1993). He is also editor of the forerunner to the present volume, "Advances in Behavioral Finance" (Russell Sage Foundation, 1993).
