A Behavioral Approach to Asset Pricing

Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of understanding investor behavior and stock market activity. Incorporating the latest research and theory, Shefrin offers both a strong theory and efficient empirical tools that address derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio. The book provides a series of examples to illustrate the theory. The second edition continues the tradition of the first edition by being the one and only book to focus completely on how behavioral finance principles affect asset pricing, now with its theory deepened and enriched by a plethora of research since the first edition

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  • Author : Hersh Shefrin
  • Publisher : Elsevier
  • Pages : 618 pages
  • ISBN : 9780080482248
  • Rating : 4/5 from 21 reviews
CLICK HERE TO GET THIS BOOKA Behavioral Approach to Asset Pricing

A Behavioral Approach to Asset Pricing

A Behavioral Approach to Asset Pricing
  • Author : Hersh Shefrin
  • Publisher : Elsevier
  • Release : 19 May 2008
GET THIS BOOKA Behavioral Approach to Asset Pricing

Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of understanding investor behavior and stock market activity. Incorporating the latest research and theory, Shefrin offers both a strong theory and efficient empirical tools that address derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio. The book provides a series of examples to illustrate the theory. The second edition continues the tradition of the first edition

A Behavioral Approach to Asset Pricing

A Behavioral Approach to Asset Pricing
  • Author : Hersh Shefrin
  • Publisher : Elsevier
  • Release : 03 February 2005
GET THIS BOOKA Behavioral Approach to Asset Pricing

A Behavioral Approach to Asset Pricing Theory examines the reigning assumptions of asset pricing theory and reconstructs them to incorporate findings from behavioral finance. It constructs a solid, intact structure that challenges classic assumptions and at the same time provides a strong theory and efficient empirical tools. Building on the models developed by both traditional asset pricing theorists and behavioral asset pricing theorists, this book takes the discussion to the next step. The author provides a general behaviorally based intertemporal

A Behavioral Approach to Asset Pricing

A Behavioral Approach to Asset Pricing
  • Author : Hersh Shefrin
  • Publisher : Academic Press
  • Release : 17 April 2021
GET THIS BOOKA Behavioral Approach to Asset Pricing

Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of understanding investor behavior and stock market activity. In this 2nd Edition Hersh Shefrin examines the reigning assumptions of asset pricing theory and reconstructs them to incorporate findings from behavioral finance. In other words, he takes the traditional tools in asset pricing and behavioralizes them. He constructs a solid, intact structure that challenges classic assumptions and at the

Behavioral Finance and Capital Markets

Behavioral Finance and Capital Markets
  • Author : A. Szyszka
  • Publisher : Springer
  • Release : 04 September 2013
GET THIS BOOKBehavioral Finance and Capital Markets

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

Behavioralizing Finance

Behavioralizing Finance
  • Author : Hersh Shefrin
  • Publisher : Now Publishers Inc
  • Release : 01 March 2010
GET THIS BOOKBehavioralizing Finance

Behavioralizing Finance suggests that finance is moving to a new paradigm that combines structural features from neoclassical finance and realistic assumptions from behavioral finance. The behavioralization of finance involves intellectual shifts by two groups - the first shift features neoclassical economists explicitly incorporating psychological elements into their models and the second shift features behavioral economists developing a systematic, rigorous framework. Behavioralizing Finance starts by describing the highlights of the behavioral finance literature and identifying some of the weaknesses of this

Behavioral Finance

Behavioral Finance
  • Author : H. Kent Baker,John R. Nofsinger
  • Publisher : John Wiley & Sons
  • Release : 01 October 2010
GET THIS BOOKBehavioral Finance

A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices,

Behavioral Corporate Finance

Behavioral Corporate Finance
  • Author : Hersh Shefrin
  • Publisher : McGraw-Hill Education
  • Release : 13 March 2017
GET THIS BOOKBehavioral Corporate Finance

Behavioral Corporate Finance provides instructors with a comprehensive pedagogical approach for teaching students how behavioral concepts apply to corporate finance. The primary goal is to identify the key psychological obstacles to value maximizing behavior, along with steps that managers can take to mitigate the effects of these obstacles.

A Behavioral Approach to Stock Pricing

A Behavioral Approach to Stock Pricing
  • Author : Jayash Paudel
  • Publisher : Unknown Publisher
  • Release : 17 April 2021
GET THIS BOOKA Behavioral Approach to Stock Pricing

Recent literature in behavioral finance has contradicted the notion of efficiency of markets. Greater emphasis on how psychological biases influence the behavior of an investor and asset prices has led to a strong debate among proponents of behavioral finance and neoclassical finance. This has created the need to study how psychology affects financial decisions in households, markets and organizations. This study attempts to investigate the linkage between investor sentiment and stock prices for 35 firms belonging to three different industries over

Managing Equity Portfolios

Managing Equity Portfolios
  • Author : Michael A. Ervolini
  • Publisher : MIT Press
  • Release : 24 October 2014
GET THIS BOOKManaging Equity Portfolios

A groundbreaking framework for improving portfolio performance that goes beyond traditional analytics, offering new ways to understand investment skills, process, and behaviors. Portfolio management is a tough business. Each day, managers face the challenges of an ever-changing and unforgiving market, where strategies and processes that worked yesterday may not work today, or tomorrow. The usual advice for improving portfolio performance—refining your strategy, staying within your style, doing better research, trading more efficiently—is important, but doesn't seem to affect

Portfolio Theory and Management

Portfolio Theory and Management
  • Author : H. Kent Baker,Greg Filbeck
  • Publisher : Oxford University Press
  • Release : 07 March 2013
GET THIS BOOKPortfolio Theory and Management

Portfolio Theory and Management examines the foundations of portfolio management with the contributions of financial pioneers up to the latest trends. The book discusses portfolio theory and management both before and after the 2007-2008 financial crisis. It takes a global focus by highlighting cross-country differences and practices.

Popularity: A Bridge between Classical and Behavioral Finance

Popularity: A Bridge between Classical and Behavioral Finance
  • Author : Roger G. Ibbotson,Thomas M. Idzorek,Paul D. Kaplan,James X. Xiong
  • Publisher : CFA Institute Research Foundation
  • Release : 17 April 2021
GET THIS BOOKPopularity: A Bridge between Classical and Behavioral Finance

Classical and behavioral finance are often seen as being at odds, but the idea of “popularity” has been introduced as a way of reconciling the two approaches. Investors like or dislike various characteristics of securities for rational reasons (as in classical finance) or irrational reasons (as in behavioral finance), which makes the assets popular or unpopular. In the capital markets, popular (unpopular) securities trade at prices that are higher (lower) than they would be otherwise; hence, the shares may provide

A Fast and Frugal Finance

A Fast and Frugal Finance
  • Author : William P. Forbes,Aloysius Obinna Igboekwu,Shabnam Mousavi
  • Publisher : Academic Press
  • Release : 15 June 2019
GET THIS BOOKA Fast and Frugal Finance

A Fast and Frugal Finance: Bridging Contemporary Behavioral Finance and Ecological Rationality adds psychological reality to classical financial reasoning. It shows how financial professionals can reach better and quicker decisions using the 'fast and frugal' framework for decision-making, adding dramatically to time and outcome efficiency, while also retaining accuracy. The book provides the reader with an adaptive toolbox of heuristic tools and classification systems to aid real-world decisions. Throughout, financial applications are presented alongside real-world examples to help readers solve

Beyond Greed and Fear

Beyond Greed and Fear
  • Author : Hersh Shefrin
  • Publisher : Oxford University Press on Demand
  • Release : 17 April 2021
GET THIS BOOKBeyond Greed and Fear

Why do most financial decision-making models fail to factor in basic human nature? This guide to what really influences the decision- making process applies psychological research to stock selection, financial services and corporate financial strategy, using real-world examples.

Financial Economics

Financial Economics
  • Author : Thorsten Hens,Marc Oliver Rieger
  • Publisher : Springer Science & Business Media
  • Release : 01 July 2010
GET THIS BOOKFinancial Economics

Financial economics is a fascinating topic where ideas from economics, mathematics and, most recently, psychology are combined to understand financial markets. This book gives a concise introduction into this field and includes for the first time recent results from behavioral finance that help to understand many puzzles in traditional finance. The book is tailor made for master and PhD students and includes tests and exercises that enable the students to keep track of their progress. Parts of the book can