Behavioral Finance : Investors, Corporations, and Markets

**A definitive guide to the growing field of behavioral finance**This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, __Behavioral Finance__ provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. * Uses a structured approach to put behavioral finance in perspective * Relies on recent research findings to provide guidance through the maze of theories and concepts * Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book. "Behavioral finance has increasingly become part of mainstream finance helping to provide explanations for our economic decisions by combining behavioral and cognitive psychological theory with conventional economics and finance. Filled with in-depth insights and practical advice, this reliable resource art of the Robert W. Kolb Series in Finance provides a comprehensive view of behavioral finance by discussing the current state of research in this area and detailing its potential impact on investors, corporations, and markets." "Comprising contributed chapters by distinguished experts from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the essential elements of this discipline including psychological concepts and behavioral biases; the behavioral aspects of asset pricing, asset allocation, and market prices; investor behavior, corporate managerial behavior, and social influences. Divided into six comprehensive parts, it skillfully:" "Describes the fundamental heuristics, cognitive errors, and psychological biases that affect financial decisions" "Discusses market inefficiency and behavioral-based pricing models" "Explores corporate and executive behavioral finance and examines the behavioral influences involving their investment and financing decisions" "Addresses how behavioral finance applies to individual and institutional investors' holdings and their trading endeavors" "Shows how cultural factors and societal attitudes affect markets" "Behavioral Finance contains the latest information from some of the leading practitioners and academics in this field. Engaging and accessible, this book provides a clear understanding of how people make financial decisions and their effects on today's markets." Behavioral finance has increasingly become part of mainstream finance helping to provide explanations for our economic decisions by combining behavioral and cognitive psychological theory with conventional economics and finance. Filled with in-depth insights and practical advice, this reliable resourcepart of the Robert W. Kolb Series in Financeprovides a comprehensive view of behavioral finance by discussing the current state of research in this area and detailing its potential impact on investors, corporations, and markets." "Comprising contributed chapters by distinguished experts from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the essential elements of this discipline including psychological concepts and behavioral biases; the behavioral aspects of asset pricing, asset allocation, and market prices; investor behavior, corporate managerial behavior, and social influences. Divided into six comprehensive parts, it skillfully:" "Describes the fundamental heuristics, cognitive errors, and psychological biases that affect financial decisions" "Discusses market inefficiency and behavioral-based pricing models" "Explores corporate and executive behavioral finance and examines the behavioral influences involving their investment and financing decisions" "Addresses how behavioral finance applies to individual and institutional investors' holdings and their trading endeavors" "Shows how cultural factors and societal attitudes affect markets" "Behavioral Finance contains the latest information from some of the leading practitioners and academics in this field. Engaging and accessible, this book provides a clear understanding of how people make financial decisions and their effects on today's markets "H. Kent Baker, PHD, CFA, CMA, is University Professor of Finance and Kogod Research Professor at the Kogod School of Business, American University. He has published extensively in leading academic and professional finance journals including the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, Journal of Portfolio Management, and Harvard Business Review. Professor Baker is recognized as one of the most prolific authors in finance during the past fifty years. He has consulting and training experience with more than 100 organizations and has been listed in fifteen biographies." "John R. Nofsinger is an Associate Professor of Finance and Nihoul Faculty Fellow at Washington State University. He is one of the world's leading experts in behavioral finance and is a frequent speaker on this topic at investment management conferences, universities, and academic conferences. Nofsinger has often been quoted or appeared in the financial media, including the Wall Street Journal, Financial Times, Fortune, BusinessWeelz, Bloomberg, and CNBC. He writes a blog called "Mind on My Money" at psychologytoday.com."--Jacket

A definitive guide to the growing field of behavioral finance

This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences.

* Uses a structured approach to put behavioral finance in perspective

* Relies on recent research findings to provide guidance through the maze of theories and concepts

* Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations

Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

"A definitive guide to the growing field of behavioral finance. This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. - Uses a structured approach to put behavioral finance in perspective - Relies on recent research findings to provide guidance through the maze of theories and concepts - Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations. Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book."--Publisher's description "Advances in Entrepreneurial Finance" brings together contributions from researchers from the fields of entrepreneurship, behavioral finance, psychology, and neuroscience to shed new light on the dynamics of decision making and risk taking by entrepreneurs and venture capitalists (VCs). Every new venture requires access to capital at competitive interest rates, and much has been written on general entrepreneurship by management scholars and financial contracting by financial economists using traditional finance theory with all its highly restrictive assumptions regarding decision mak Behavioral finance : an overview / Kent H. Baker, John R. Nofsinger Traditional versus behavioral finance / Robert J. Bloomfield Behavioral finance : application and pedagogy in business education and training / Rassoul Yazdipour, James A. Howard Heuristics (rules of thumb) / Hugh Schwartz Neuroeconomics and neurofinance / Richard L. Peterson Emotional finance / Richard J. Taffler, David A. Tuckett Experimental finance / Robert J. Bloomfield, Alyssa Anderson The psychology of risk and uncertainty / Victor Ricciardi.