Behavioral finance and capital markets : how psychology influences investors and corporations / Adam Szyszka.
2013
HG4515.15 .S99 2013eb
Linked e-resources
Linked Resource
Online Access
Details
Title
Behavioral finance and capital markets : how psychology influences investors and corporations / Adam Szyszka.
Author
Szyszka, Adam.
Edition
First edition.
ISBN
9781137366290 (electronic book)
9781137338747
9781137338747
Published
New York : Palgrave Macmillan, 2013.
Language
English
Description
1 online resource (346 pages) : illustrations
Call Number
HG4515.15 .S99 2013eb
Dewey Decimal Classification
332.6019
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.
Bibliography, etc. Note
Includes bibliographical references and indexes.
Access Note
Access limited to authorized users.
Source of Description
Description based on print version record.
Available in Other Form
Behavioral finance and capital markets.
Linked Resources
Online Access
Record Appears in
Online Resources > Ebooks
All Resources
All Resources
Table of Contents
1. Behavioral Approach Versus Neoclassical Theory of Finance
2. Psychological Aspects of Decision Making
3. Investor Behavior
4. Asset Pricing Anomalies and Investment Strategies
5. Market-wide Consequences of Behavioral Biases
6. Behavioral Insights into Financial Crisis
7. Rational Corporations in Irrational Markets
8. Managerial Biases in Corporate Policy
9. Empirical Evidence on Managerial Practice
10. Heuristics and Biases Among Corporate Managers.
2. Psychological Aspects of Decision Making
3. Investor Behavior
4. Asset Pricing Anomalies and Investment Strategies
5. Market-wide Consequences of Behavioral Biases
6. Behavioral Insights into Financial Crisis
7. Rational Corporations in Irrational Markets
8. Managerial Biases in Corporate Policy
9. Empirical Evidence on Managerial Practice
10. Heuristics and Biases Among Corporate Managers.