This book offers a definitive and wide-ranging overview of
developments in behavioral finance over the past ten years. In 1993,
the first volume provided the standard reference to this new approach
in finance--an approach that, as editor Richard Thaler put it,
"entertains the possibility that some of the agents in the economy
behave less than fully rationally some of the time." Much has changed
since then. Not least, the bursting of the Internet bubble and the
subsequent market decline further demonstrated that financial markets
often fail to behave as they would if trading were truly dominated by
the fully rational investors who populate financial theories.
Behavioral finance has made an indelible mark on areas from asset
pricing to individual investor behavior to corporate finance, and
continues to see exciting empirical and theoretical advances. Advances
in Behavioral Finance, Volume II constitutes the essential new
resource in the field. It presents twenty recent papers by leading
specialists that illustrate the abiding power of behavioral
finance--of how specific departures from fully rational decision
making by individual market agents can provide explanations of
otherwise puzzling market phenomena. As with the first volume, it
reaches beyond the world of finance to suggest, powerfully, the
importance of pursuing behavioral approaches to other areas of
economic life. The contributors are Brad M. Barber, Nicholas Barberis,
Shlomo Benartzi, John Y. Campbell, Emil M. Dabora, Daniel Kent,
François Degeorge, Kenneth A. Froot, J. B. Heaton, David Hirshleifer,
Harrison Hong, Ming Huang, Narasimhan Jegadeesh, Josef Lakonishok,
Owen A. Lamont, Roni Michaely, Terrance Odean, Jayendu Patel, Tano
Santos, Andrei Shleifer, Robert J. Shiller, Jeremy C. Stein, Avanidhar
Subrahmanyam, Richard H. Thaler, Sheridan Titman, Robert W. Vishny,
Kent L. Womack, and Richard Zeckhauser.
Les mer
Produktdetaljer
ISBN
9781400829125
Publisert
2013
Utgiver
Vendor
Princeton University Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter