Behavioral Finance and Capital Markets How Psychology Influences Investors and Corporations /

Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral Finan...

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Main Author: Szyszka, A. (Author, http://id.loc.gov/vocabulary/relators/aut)
Corporate Author: SpringerLink (Online service)
Language:English
Published: New York : Palgrave Macmillan US : Imprint: Palgrave Macmillan, 2013.
Edition:1st ed. 2013.
Subjects:
Online Access:https://doi.org/10.1057/9781137366290
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505 0 |a 1. Behavioral Approach Versus Neoclassical Theory of Finance -- 2. Psychological Aspects of Decision Making -- 3. Investor Behavior -- 4. Asset Pricing Anomalies and Investment Strategies -- 5. Market-wide Consequences of Behavioral Biases -- 6. Behavioral Insights into Financial Crisis -- 7. Rational Corporations in Irrational Markets -- 8. Managerial Biases in Corporate Policy -- 9. Empirical Evidence on Managerial Practice -- 10. Heuristics and Biases Among Corporate Managers. 
520 |a Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral Finance and Capital Markets reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. Szyszka presents and classifies many of the dynamic arguments being made in the current literature on the topic through the use of a new, ground-breaking methodology termed: the General Behavioral Asset Pricing Model (GBM). GBM describes how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior on the part of investors. The connection between psychological factors responsible for irrational behavior and market pricing anomalies is featured extensively throughout the text. Alternative explanations for various theoretical and empirical market puzzles - such as the 2008 U.S. financial crisis - are also discussed in a convincing and interesting manner. The book also provides interesting insights into behavioral aspects of corporate finance. 
650 0 |a Investment banking. 
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650 2 4 |a Psychology, general.  |0 https://scigraph.springernature.com/ontologies/product-market-codes/Y00007 
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