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The naturalistic turn in economics: implications for the theory of finance [PDF]

open access: yes
Economics is increasingly adopting the methodological standards and procedures of the natural sciences. The paper analyzes this 'naturalistic turn' from the philosophical perspective on naturalism, and I discuss the implications for the field of finance.
Herrmann-Pillath, Carsten
core  

Behavioral Finance: Household Investment and Borrowing Decisions

open access: yesVisnyk of the National Bank of Ukraine, 2017
Behavioral finance is still mostly perceived as a field solely devoted to the study of asset pricing and behavior of individual investors. This interpretation to a large extent is misleading as it overlooks a growing body of empirical work in household ...
Pavlo Illiashenko
doaj   +1 more source

Agent-based Versus Macroscopic Modeling of Competition and Business Processes in Economics and Finance [PDF]

open access: yesInternational Journal On Advances in Intelligent Systems, volume 5, pages 111-126, 2012, 2012
We present examples of agent-based and stochastic models of competition and business processes in economics and finance. We start from as simple as possible models, which have microscopic, agent-based, versions and macroscopic treatment in behavior.
arxiv  

Essays on Behavioral Finance

open access: yes, 2019
Despite the fact that almost everyone faces risk in their lives and it is a crucial ingredient in economic models including asset pricing models, it is still an open debate how decision-makers or even investors evaluate risk. Experimental and empirical evidence shows that the standard expected utility theory falls short of explaining many economic and ...
openaire   +3 more sources

Behavioralism in Finance and Securities Law

open access: yesSSRN Electronic Journal, 2013
In this Essay, I take stock (as something of an outsider) of the behavioral economics movement, focusing in particular on its interaction with traditional cost-benefit analysis and its implications for agency structure. The usual strategy for such a project — a strategy that has been used by others with behavioral economics — is to marshal the existing
openaire   +4 more sources

Elasticity of Diametrically Compressed Microfabricated Woodpile Lattices

open access: yesAdvanced Engineering Materials, EarlyView.
Modulus–porosity relationship is derived for woodpile lattices with struts under diametrical compression. The formula presented here that Young's modulus is proportional to the square of the volume fraction E˜ρ2$E \sim \left(\rho\right)^{2}$ is shown to be consistent with computations and laboratory experiments on 3D‐printed samples.
Faezeh Shalchy, Atul Bhaskar
wiley   +1 more source

Efficient Markets, Behavioral Finance and a Statistical Evidence of the Validity of Technical Analysis [PDF]

open access: yesarXiv, 2013
This work tried to detect the existence of a relationship between the graphic signals - or patterns - observed day by day in the Brazilian stock market and the trends which happen after these signals, within a period of 8 years, for a number of securities.
arxiv  

PREMISES FOR A MODEL OF DECISION – MAKING ON THE FINANCING OF A PROJECT [PDF]

open access: yes
The classical theory of finance is based on the premises of rationality and maximizing profits that accompany economic decision-making. Complementarily, the modern theory of behavioral finance studies the effect of emotional and psychological factors of ...
Popovici Ioana, Tulai Constantin
core  

Study on Behavioral Finance, Behavioral Biases, and Investment Decisions

open access: yes, 2018
Behavioral finance is an open-minded finance which in cludes the study of psychology, sociology, and fina nce. Behavioral finance micro examines behavior or biases of investors and behavioral finance macro describe anomalies in the efficient market ...
R. Gill, Rubeena Bajwa
semanticscholar   +1 more source

Dislocation Distribution, Crystallographic Texture Evolution, and Plastic Inhomogeneity of Inconel 718 Fabricated by Laser Powder Bed Fusion

open access: yesAdvanced Engineering Materials, EarlyView.
Spatial distribution of microstructure in Inconel 718 3D‐printed with bidirectional strategy with no rotation and chessboard strategy is studied. The former results in a highly ordered arrangement of coarse grains separated by line clusters of dislocation‐dense fine grains. This arrangement is disrupted by the chessboard strategy.
Jalal Al‐Lami   +4 more
wiley   +1 more source

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