Results 291 to 300 of about 200,537 (307)
The public finance of healthy behavior [PDF]
Public Choice, 2010 Lifestyle can often affect the likelihood an individual will have a future illness. Subsidies often mitigate the consequences of poor lifestyle choices. In this paper we ex- plore tax-subsidy policies that lower the consequences of incurring ill health.
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2018
Abstract Behavioral Corporate Finance provides new and testable explanations for long-standing corporate-finance puzzles in mergers, investment-cash flow sensitivity, and fads in equity financing or dividend payments. The research applies by applying insights from psychology to the behavior of investors, managers, and third parties (e.g., analysts ...
Ulrike Malmendier, Ulrike Malmendier
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Abstract Behavioral Corporate Finance provides new and testable explanations for long-standing corporate-finance puzzles in mergers, investment-cash flow sensitivity, and fads in equity financing or dividend payments. The research applies by applying insights from psychology to the behavior of investors, managers, and third parties (e.g., analysts ...
Ulrike Malmendier, Ulrike Malmendier
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SSRN Electronic Journal, 2013
Abstract: While the popularity of behavioral finance has increased and behavioral biases have got so pervasive that everybody seems to be biased, the question is whether the behavioral finance experts are bias free? If mean reversion failure is the ubiquitous phenomenon witnessed across markets and nature, then is psychology or mood not just a tail ...
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Abstract: While the popularity of behavioral finance has increased and behavioral biases have got so pervasive that everybody seems to be biased, the question is whether the behavioral finance experts are bias free? If mean reversion failure is the ubiquitous phenomenon witnessed across markets and nature, then is psychology or mood not just a tail ...
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Introduction to Behavioral Finance
2020This chapter explores the now commonplace assumption that human behavior affects economic decisions activity so that decisions may not conform to classical economic definitions of rationality. Drawing on the groundbreaking work of Kahneman and Tversky, this chapter identifies and defines major heuristics and biases people apply to their behavior in ...
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The Problem with Behavioral Finance
2018Perhaps it is not by chance that the fallacies of conventional economics\finance are especially apparent when it comes to money management. And for good reason, as there are plenty of statistics and market data recording what real-world investors actually do, as opposed to what they are supposed to do.
Fabrizio Ghisellini, Beryl Y. Chang
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Financial Analysts Journal, 1999
The controversy surrounding behavioral finance is dying out as scholars accept it as simply a new way of doing financial economic research.
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The controversy surrounding behavioral finance is dying out as scholars accept it as simply a new way of doing financial economic research.
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The Journal of Portfolio Management, 2018
We often hear that behavioral finance is nothing more than a collection of stories about irrational people—that it lacks the unified structure of standard finance. Yet today’s standard finance is no longer unified because wide cracks have opened between its theory and the evidence. The first generation of behavioral finance attempted to fill the cracks
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We often hear that behavioral finance is nothing more than a collection of stories about irrational people—that it lacks the unified structure of standard finance. Yet today’s standard finance is no longer unified because wide cracks have opened between its theory and the evidence. The first generation of behavioral finance attempted to fill the cracks
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A Survey of Behavioral Finance
2014This chapter presents the core ideas of behavioral finance. We provide a glossary of terms used in the field which will be referred to extensively in later chapters. We also provide a brief survey of the literature on important behavioral drivers of investment choice: investor preferences, beliefs, heuristics, and emotions.
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Behavioral Finance in Theory and Practice
2014Behavioral finance is a new approach in finance literature. The main idea is that investors are not as rational as they are assumed to be. Therefore, financial markets could be better understood by using models that capture the effects of both rational and irrational investors. The critics of behavioral finance could be grouped into two main categories:
Okur, Mustafa, Gürbüz, Ali Osman
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Momentum and behavioral finance
Managerial Finance, 2012Purpose – The purpose of this paper is to re‐examine the sources of momentum profits by focusing on momentum in monthly returns.Design/methodology/approach – The paper utilizes a decomposition method proposed by Du and Watkins.Findings – Different from previous studies, it is found that momentum may have multiple sources, and that risk or behavioral ...
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