9780470499115

Behavioral Finance : Investors, Corporations, and Markets

by ;
  • ISBN13:

    9780470499115

  • ISBN10:

    0470499117

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 10/5/2010
  • Publisher: Wiley
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Supplemental Materials

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  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

Summary

Behavioral Finance provides a comprehensive view of the psychological foundations and their applications to finance as determined by the current state of behavioral financial research. The book's seven sections focus on the following topics: (1) foundations and key concepts, (2) psychological concepts and behavioral biases, (3) behavioral aspects of asset pricing, (4) behavioral corporate finance, (5) investor behavior, (6) social influences, and (7) applications of behavioral finance. Writers from some of the most influential universities and firms, like the Social Science Research Network and Harvard University, will provide contributing chapters to add their insight and research to the topic.

Author Biography

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, BusinessWeek, Bloomberg, and CNBC. He writes a blog called "Mind on My Money" at psychologytoday.com.

Table of Contents

Foundation and Key Concepts
Behavioral Finance: An Overview
Traditional versus Behavioral Finance
Behavioral Finance: Application and Pedagogy in Business Education and Training
Heuristics (Rules of Thumb)
Neuroeconomics and Neurofinance
Emotional Finance
Experimental Finance
The Psychology of Risk and Uncertainty
Psychological Influences on Financial Regulation and Policy
Psychological Concepts and Behavioral Biases
Disposition Effect
Prospect Theory and Behavioral Biases
Cumulative Prospect Theory
Overconfidence
The Representativeness Bias
Familiarity Bias
Limited Attention
Other Behavioral Biases
Behavioral Aspects of Asset Pricing
Market Inefficiency
Preference and Belief Based Models
Behavioral Corporate Finance
Enterprise Decision Making as Explained in Interview-Based Studies
Financing Decisions
Capital Budgeting and Other Investing Decisions
Dividend Policy Decisions
Loyalty, Agency Conflicts and Corporate Governance
Initial Public Offerings
Mergers and Acquisitions
Investor Behavior
Trust Behavior: The Essential Foundation of Financial Markets
Individual Investor Trading
Individual Investor Portfolios
Cognitive Abilities and Financing Decisions
Pension Participant Behavior
Institutional Investors
Derivative Markets
Social Influences
The Role of Culture and Finance
Social Interactions and Investing
Mood
Answers to Chapter Discussion Questions
Index
Table of Contents provided by Publisher. All Rights Reserved.

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