Financial Economics: A Concise Introduction to Classical and Behavioral Finance (Springer Texts in Business and Economics)

"Financial economics is a fascinating topic where ideas from economics, mathematics and, most recently, psychology are combined to understand financial markets. This book gives a concise introduction into this field and includes for the first time recent results from behavioral finance that help to understand many puzzles in traditional finance. The book is tailor made for master and PhD students and includes tests and exercises that enable the students to keep track of their progress. Parts of the book can also be used on a bachelor level. Researchers will find it particularly useful as a source for recent results in behavioral finance and decision theory."--Publisher's description Front Matter....Pages i-xi Front Matter....Pages 1-1 Introduction....Pages 3-13 Decision Theory....Pages 15-89 Front Matter....Pages 91-91 Two-Period Model: Mean-Variance Approach....Pages 93-137 Two-Period Model: State-Preference Approach....Pages 139-209 Multiple-Periods Model....Pages 211-254 Front Matter....Pages 255-255 Theory of the Firm....Pages 257-276 Information Asymmetries on Financial Markets....Pages 277-285 Time-Continuous Model....Pages 287-325 Back Matter....Pages 327-363