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Advances in behavioral finance

Advances in behavioral finance
Volume II

  • ISBN: 9780691121758
  • Editorial: Princeton University Press
  • Lugar de la edición: New York. Estados Unidos de Norteamérica
  • Colección: The roundtable series in behavioral economics
  • Encuadernación: Rústica
  • Medidas: 24 cm
  • Nº Pág.: 712
  • Idiomas: Inglés

Papel: Rústica
46,11 €
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Resumen

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 su bsequent 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.

Ed. Richar H. Thaler

Resumen

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