Advances in Behavioral Finance

Editore: Russell Sage Foundation, 1993
ISBN 10: 0871548453 / ISBN 13: 9780871548450
Usato / Quantità: 0
Copie del libro da altre librerie
Mostra tutte le  copie di questo libro

Libro

Purtroppo questa copia non è più disponibile. Di seguito ti proponiamo una lista di copie simili.

Descrizione:

Gently used. Expect delivery in 2-3 weeks. Codice inventario libreria

Su questo libro:

Book ratings provided by Goodreads):
4,06 valutazione media
(33 valutazioni)

Riassunto:

Modern financial markets offer the real world's best approximation to the idealized price auction market envisioned in economic theory. Nevertheless, as the increasingly exquisite and detailed financial data demonstrate, financial markets often fail to behave as they should if trading were truly dominated by the fully rational investors that populate financial theories.

These markets anomalies have spawned a new approach to finance, one which as editor Richard Thaler puts it, "entertains the possibility that some agents in the economy behave less than fully rationally some of the time." Advances in Behavioral Finance collects together twenty-one recent articles that illustrate the power of this approach. These papers demonstrate how specific departures from fully rational decision making by individual market agents can provide explanations of otherwise puzzling market phenomena.

To take several examples, Werner De Bondt and Thaler find an explanation for superior price performance of firms with poor recent earnings histories in the tendencies of investors to overreact to recent information. Richard Roll traces the negative effects of corporate takeovers on the stock prices of the acquiring firms to the overconfidence of managers, who fail to recognize the contributions of chance to their past successes. Andrei Shleifer and Robert Vishny show how the difficulty of establishing a reliable reputation for correctly assessing the value of long term capital projects can lead investment analysis, and hence corporate managers, to focus myopically on short term returns.

As a testing ground for assessing the empirical accuracy of behavioral theories, the successful studies in this landmark collection reach beyond the world of finance to suggest, very powerfully, the importance of pursuing behavioral approaches to other areas of economic life. Advances in Behavioral Finance is a solid beachhead for behavioral work in the financial arena and a clear promise of wider application for behavioral economics in the future.

About the Author:

RICHARD H. THALER is Henrietta Johnson Louis Professor of Economics, and director of the Center for Behavioral Economics and Decision Research, Johnson Graduate School of Management, Cornell University.

CONTRIBUTORS: Lawrence M. Ausubel, Victor L. Bernard, Fischer Black, Navin Chopra, David M. Cutler, Werner F. M. De Bondt, J. Bradford De Long, Jeffrey A. Frankel, Kenneth R. French, Kenneth A. Froot, Josef Lakonishok, Charles M. C. Lee, James M. Poterba, Jay R. Ritter, Richard Roll, Hersh M. Shefrin, Robert J. Shiller, Andrei Shleifer, Meir Statman, Jeremy Stein, Lawrence H. Summers, Richard H. Thaler, Robert W. Vishny, and Robert J. Waldmann

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

Dati bibliografici

Titolo: Advances in Behavioral Finance
Casa editrice: Russell Sage Foundation
Data di pubblicazione: 1993
Condizione libro: very good

I migliori risultati di ricerca su AbeBooks

1.

Editore: Russell Sage Foundation Publications (1993)
ISBN 10: 0871548453 ISBN 13: 9780871548450
Usato Quantità: 1
Da
Better World Books
(Mishawaka, IN, U.S.A.)
Valutazione libreria
[?]

Descrizione libro Russell Sage Foundation Publications, 1993. Condizione libro: Good. Former Library book. Shows some signs of wear, and may have some markings on the inside. Codice libro della libreria GRP16677255

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra usato
EUR 711,60
Convertire valuta

Aggiungere al carrello

Spese di spedizione: GRATIS
In U.S.A.
Destinazione, tempi e costi

2.

Editore: Russell Sage Foundation
ISBN 10: 0871548453 ISBN 13: 9780871548450
Usato Quantità: 2
Da
Lucky's Textbooks
(Dallas, TX, U.S.A.)
Valutazione libreria
[?]

Descrizione libro Russell Sage Foundation. Condizione libro: Good. 0871548453. Codice libro della libreria Z0871548453Z3

Maggiori informazioni su questa libreria | Fare una domanda alla libreria

Compra usato
EUR 2.646,39
Convertire valuta

Aggiungere al carrello

Spese di spedizione: EUR 3,43
In U.S.A.
Destinazione, tempi e costi