Opis: Handbook Of Behavioral Finance - B Bruce

The Handbook of Behavioral Finance is a comprehensive, topical and concise source of cutting-edge research on recent developments in behavioral finance. The Handbook is divided into three areas of interest. The first - Behavioral Biases - includes discussions on herding in the market, information processing and the disposition effect in investment decisions. In the second section - Behavior in the Investment Process - topics explored include the effects of higher transaction costs on traders' behavior, investor sentiment, overconfidence and active management, and behavior effects on forecasts. The final section - Global Behavior - looks at the effects of various aspects of behavioral finance in international markets including Malaysia, Finland, Australia and Brazil. Consolidating a colossal amount of research into one volume, this Handbook will stimulate new interdisciplinary research for academics, build a body of knowledge about psychological influences on market behavior for finance students, and give practitioners a better understanding of psychological influences on the markets in order to improve investment decision making. 'This book does an excellent job of presenting empirical evidence as to the role of selected psychological attributes on key investment behaviors and it should be valuable to investment professionals as a handbook. Professor Bruce has selected readings that clearly show that investors are more than logic machines. They have evolved brains which makes them susceptible to context and culture. The book wisely avoids making generalizations about a new behavioral financial paradigm which at this time is only in the early stages of development.' - Robert A. Olsen, California State University, US 'The breadth and depth of Professor Bruce's knowledge of behavioral finance and its implications for, and applicability to, all facets of investment decisions makes him as qualified as anyone I know to produce this Handbook. Those who absorb the insights and knowledge that this Handbook offers will prosper. But without it, they will dull their competitive edge both as investors and as educators. I am actually jealous I did not produce this Handbook myself!' - Arnold S. Wood, Martingale Asset Management, USContents: PART I: BEHAVIORAL BIAS 1. Framing Effects, Selective Information and Market Behavior: An Experimental Analysis Erich Kirchler, Boris Maciejovsky and Martin Weber 2. Information Overload and Information Presentation in Financial Decision Making Julie Agnew and Lisa Szykman 3. Revealing the Information Content of Investment Decisions Noriyuki Okuyama and Gavin Francis 4. The Disposition Effect and Individual Investor Decisions: The Roles of Regret and Counterfactual Alternative Suzanne O'Curry Fogel and Thomas Berry 5. Overreaction of Exchange Traded Funds during the Bubble of 1998-2002 Jeff Madura and Nivine Richie 6. International Herding in Stock Markets: An Alternate Approach in an International Context Natividad Blasco, Pilar Corredor and Sandra Ferreruela 7. Psychic Distance in the Eight-year Crisis: An Empirical Study Lili Zhu and Jiawen Yang PART II: BEHAVIOR IN THE INVESTMENT PROCESS 8. The Effects of Higher Transaction Costs on Trader Behavior Ryan Garvey and Anthony Murphy 9. Homo Communitatis: A Rigorous Foundation for Behavioral Finance H. Joel Jeffrey 10. Does Mutual Fund Flow Reflect Investor Sentiment? Daniel C. Indro 11. The Impact of Motivational and Cognitive Factors on Optimistic Earnings Forecasts Anna M. Cianci and Satoris S. Culbertson 12. Overconfidence and Active Management Christoph Gort and Mei Wang 13. Availability Heuristic and Observed Bias in Growth Forecasts: Evidence from an Analysis of Multiple Business Cycles Byunghwan Lee, John O'Brien and K. Sivaramakrishnan 14. Weak and Strong Individual Forecasts: Additional Experimental Evidence Lucy F. Ackert, Bryan K. Church, Kirsten Ely 15. Behavioural Finance and Investment Advice Kremena Bachmann and Thorsten Hens PART III: GLOBAL BEHAVIOR 16. Measuring the Impact of Behavioral Traders in the Market for Closed-end Country Funds from 2002 to 2009 Hugh Kelley and Tom Evans 17. Holding on to the Losers: Finnish Evidence Mirjam Lehenkari and Jukka Perttunen 18. The Impact of Business and Consumer Sentiments on Stock Market Returns: Evidence from Brazil Pablo Calafiore, Gokce Soydemir and Rahul Verma 19. The Information-adjusted Noise Model: Theory and Evidence from the Australian Stock Market Sinclair Davidson and Vikash Ramiah 20. Ambiguity Aversion and Illusion of Control: Experimental Evidence in an Emerging Market Benjamin Miranda Tabak and Dimas Mateus Fazio 21. Behavioral Finance in Malaysia Ming-Ming Lai, Lee-Lee Chong and Siow-Hooi Tan Index

Szczegóły: Handbook Of Behavioral Finance - B Bruce

Tytuł: Handbook Of Behavioral Finance
Autor: B Bruce
Producent: Edward Elgar
ISBN: 9781848446519
Rok produkcji: 2010
Ilość stron: 448
Oprawa: Twarda

Recenzje: Handbook Of Behavioral Finance - B Bruce