Behavioral Finance

Rolf J. Daxhammer; Mate Facsar; Zsolt Alexander Papp

doi:10.24053/9783739881195-0

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Copyright year: 2023
ISBN-Print: 978-3-7398-3119-0
ISBN-Online: 978-3-7398-8119-5
Publisher: uvk, Konstanz/München
Language: English
Pages: 403
Product type: Book Titles

Titelei/Inhaltsverzeichnis No access Pages 1 - 4
Preface 3rd Edition No access Pages 5 - 6
Dedication No access Pages 7 - 14
Introduction No access Pages 15 - 20
1. 1. 1.1 From Traditional Finance to Emotional Finance No access
  2. 1. 1.2.1 The rational economic market participant according to Smith No access
    2. 1.2.2 Random Walk Theory according to Bachelier No access
    3. 1.2.3 Expected Utility Theory according to von Neumann & Morgenstern No access
    4. 1.2.4 Information processing according to Bayes No access
    5. 1.2.5 Efficient Market Hypothesis according to Fama No access
  3. Summary Chapter 1 No access
2. 1. 1. 2.1.1 Portfolio Selection Theory No access
    2. 2.1.2 Capital Asset Pricing Model (CAPM) No access
    3. 2.1.3 Arbitrage Pricing Theory as an alternative to CAPM No access
  2. 1. 2.2.1 Fundamental Analysis No access
    2. 2.2.2 Technical Analysis No access
  3. 2.3 Old vs. new reality ￢ﾀﾒ the Black Swan No access
  4. Summary Chapter 2 No access
  5. Concluding remarks Section I No access
1. 1. 1. 3.1.1 Evolving concept of rationality No access
    2. 3.1.2 Departure from the Expected Utility Theory ￢ﾀﾒ Bounded Rationality No access
  2. 1. 3.2.1 Comparison of neoclassical and behavioral capital market theory No access
    2. 3.2.2 Research methods of Behavioral Finance No access
    3. 3.2.3 The investor in the course of time No access
  3. Summary Chapter 3 No access
2. 1. 1. 4.1.1 Herding No access
    2. 4.1.2 Limits of arbitrage No access
  2. 4.2 Anatomy of speculative bubbles according to Kindleberger & Minsky No access
  3. 1. 4.3.1 Significance of speculative bubbles for economies No access
    2. 4.3.2 Types of speculative bubbles No access
    3. 4.3.3 Types of capital market anomalies No access
  4. Summary Chapter 4 No access
3. 1. 5.1 Benoit Mandelbrot’s market characteristics No access
  2. 1. 5.2.1 The Tulip Mania of 1636 No access
    2. 5.2.2 The Mississippi bubble of 1716 No access
    3. 5.2.3 The stock market boom and crash of 1929 No access
    4. 5.2.4 The dot-com speculative bubble of the late 1990s No access
    5. 5.2.5 The U.S. real-estate credit bubble between 2001 and 2006 No access
    6. 5.2.6 Speculative bubbles after the U.S. mortgage crisis No access
  3. 5.3 Indications of speculative bubbles in Private Equity No access
  4. Summary Chapter 5 No access
  5. Concluding remarks Section II No access
1. 1. 1. 6.1.1 Information perception No access
    2. 6.1.2 Information Processing/Evaluation No access
    3. 6.1.3 Investment Decision No access
  2. 1. 6.2.1 Decision-making based on Prospect Theory No access
    2. 6.2.2 Features of the valuation functions No access
    3. 6.2.3 Valuation of securities based on the Prospect Theory No access
  3. Summary Chapter 6 No access
2. 1. 1. 7.1.1 Misperception of probabilities No access
    2. 7.1.2 Misinterpretation of information No access
  2. 7.2 Heuristics of emotional origin No access
  3. 7.3 Assessment of the risk/return-harmfulness of reviewed heuristics No access
  4. Summary Chapter 7 No access
3. 1. 1. 8.1.1 Misperception of probabilities No access
    2. 8.1.2 Misperception of information No access
    3. 8.1.3 Misperception of objective reality No access
    4. 8.1.4 Misperception of one’s own abilities No access
  2. 8.2 Heuristics of emotional origin No access
  3. 8.3 Assessment of the risk/return-harmfulness of the heuristics considered No access
  4. Summary Chapter 8 No access
4. 1. 1. 9.1.1 Misperception of objective reality No access
    2. 9.1.2 Misperception of own abilities No access
  2. 1. 9.2.1 Misperception of objective reality No access
    2. 9.2.2 Misperception of one’s own abilities No access
  3. 9.3 Assessment of the risk-/return-harmfulness of the considered heuristics No access
  4. 9.4 Overview of the heuristics considered in the information and decisionmaking process No access
  5. Summary Chapter 9 No access
  6. Concluding remarks Section III No access
1. 1. 10.1 Overview of limited rational behavior in investment advice No access
  2. 1. 10.2.1 Applied heuristics during information perception No access
    2. 10.2.2 Applied heuristics during information processing No access
    3. 10.2.3 Applied heuristics during decision-making No access
  3. Summary Chapter 10 No access
2. 1. 11.1 Overconfidence in entrepreneurial investment decisions No access
  2. 11.2 Dividend policy from the perspective of Behavioral Finance No access
  3. 11.3 Initial Public Offerings from the perspective of Behavioral Finance No access
  4. 11.4 Corporate Governance from the perspective of Behavioral Finance No access
  5. 11.5 Equity Premium Puzzle No access
  6. Summary Chapter 11 No access
3. 1. 1. 12.1.1 Choice architecture No access
    2. 12.1.2 Freedom of choice and paternalism No access
    3. 12.1.3 Types and characteristics of nudging No access
    4. 12.1.4 Criticism of libertarian paternalism No access
  2. 1. 12.2.1 Behavioral science foundations of financial nudging No access
    2. 12.2.2 Personal Loans No access
    3. 12.2.3 Credit Cards No access
    4. 12.2.4 Mortgages No access
    5. 12.2.5 Pension provisions No access
    6. 12.2.6 Shares and bonds No access
  3. Summary Chapter 12 No access
4. 1. 13.1 Limits of Behavioral Finance No access
  2. 1. 13.2.1 Research on the human brain No access
    2. 13.2.2 Decision processes from the perspective of Neurofinance No access
  3. 1. 13.3.1 Emotions as a basis for investment decisions No access
    2. 13.3.2 Interpretation of market movements from an Emotional Finance perspective No access
  4. Summary Chapter 13 No access
  5. Concluding remarks Section IV No access
Glossary No access Pages 361 - 372
1. Books No access
2. Journals and Essays No access
3. Websites No access
4. Biographies No access
Index No access Pages 401 - 403