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Title
Asset price response to new information [electronic resource] : the effects of conservatism bias and representativeness heuristic / Guo Ying Luo.
ISBN
9781461493693 electronic book
1461493692 electronic book
9781461493686
Published
New York : Springer, 2014.
Language
English
Description
1 online resource (vii, 70 pages).
Other Standard Identifiers
10.1007/978-1-4614-9369-3 doi
Call Number
HB74.P8
Dewey Decimal Classification
330.01/9
Summary
Asset Price Response to New Information examines the effect of two types of psychological biases (namely, conservatism bias and representativeness heuristic) on the asset price reaction to new information. The author constructs various models of a competitive securities market or a security market allowing for strategic interaction among traders to prove rigorously that either conservatism or representativeness is capable of generating both asset price overreaction and underreaction to new information. The results shed some new insights on the phenomena of the asset price overreaction and underreaction to new information. In the literature, very little has been published in this area of behavioral finance. This volume will appeal to graduate-level students and researchers in finance, behavioral finance, and financial engineering.
Bibliography, etc. Note
Includes bibliographical references.
Access Note
Access limited to authorized users.
Source of Description
Description based on online resource; title from PDF title page (SpringerLink, viewed October 21, 2013).
Series
SpringerBriefs in finance.
Conservatism bias and asset price overreaction or underreaction to new information in a competitive securities market
Conservatism bias and asset price overreaction or underreaction to new information in the presence of strategic interaction
Representativeness heuristic and asset price overreaction or underreaction to new information in a competitive securities market
Representativeness heuristic and asset price overreaction or underreaction to new information in the presence of strategic interaction
The presence of representativeness heuristic and conservatism bias in an asset market
Conclusion.
