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

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

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 : 18 October 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

Studyguide for a Behavioral Approach to Asset Pricing by Hersh Shefrin, Isbn 9780123743565

Studyguide for a Behavioral Approach to Asset Pricing by Hersh Shefrin, Isbn 9780123743565
  • Author : Cram101 Textbook Reviews,Cram101 Textbook Reviews Staff
  • Publisher : Cram101
  • Release : 01 May 2013
GET THIS BOOKStudyguide for a Behavioral Approach to Asset Pricing by Hersh Shefrin, Isbn 9780123743565

Never HIGHLIGHT a Book Again Virtually all testable terms, concepts, persons, places, and events are included. Cram101 Textbook Outlines gives all of the outlines, highlights, notes for your textbook with optional online practice tests. Only Cram101 Outlines are Textbook Specific. Cram101 is NOT the Textbook. Accompanys: 9780521673761

A Behavioral Approach to Stock Pricing

A Behavioral Approach to Stock Pricing
  • Author : Jayash Paudel
  • Publisher : Unknown Publisher
  • Release : 18 October 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

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.

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 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.

Behavioral Risk Management

Behavioral Risk Management
  • Author : Hersh Shefrin
  • Publisher : Springer
  • Release : 29 April 2016
GET THIS BOOKBehavioral Risk Management

The psychological dimension of managing risk is of crucial importance, and its study has led to the identification of specific do's and don'ts. Those with an understanding of the psychology underlying risk and the skills to recognize its manifestation in practice, have the opportunity to develop frameworks that embody the do's and don'ts, thereby producing sound judgments and good decisions. Those lacking the understanding and the skills are destined to be more hit and miss in their approach to risk

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

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

Finance for Normal People

Finance for Normal People
  • Author : Meir Statman
  • Publisher : Oxford University Press
  • Release : 03 April 2017
GET THIS BOOKFinance for Normal People

Finance for Normal People teaches behavioral finance to people like you and me - normal people, neither rational nor irrational. We are consumers, savers, investors, and managers - corporate managers, money managers, financial advisers, and all other financial professionals. The book guides us to know our wants-including hope for riches, protection from poverty, caring for family, sincere social responsibility and high social status. It teaches financial facts and human behavior, including making cognitive and emotional shortcuts and avoiding cognitive and

Investor Behavior

Investor Behavior
  • Author : H. Kent Baker,Victor Ricciardi
  • Publisher : John Wiley & Sons
  • Release : 10 February 2014
GET THIS BOOKInvestor Behavior

WINNER, Business: Personal Finance/Investing, 2015 USA Best Book Awards FINALIST, Business: Reference, 2015 USA Best Book Awards Investor Behavior provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of