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Behavioralizing Finance: Foundations and Trends(r) in Finance, cartea 15

Autor Hersh Shefrin
en Limba Engleză Paperback – 28 feb 2010
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 literature. The remainder of the volume has two main objectives: To discuss works which have emerged since the past surveys appeared, or which those surveys overlooked for one reason or another. To present some ideas about trends toward a unifying framework for behavioral finance that captures some of the rigor in neoclassical finance. Behavioralizing Finance provides a structured approach to behavioral finance in respect to underlying psychological concepts, formal framework, testable hypotheses, and empirical findings. A key theme of the volume is that the future of finance will combine realistic assumptions from behavioral finance and rigorous analysis from neoclassical finance."
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Specificații

ISBN-13: 9781601983305
ISBN-10: 1601983301
Pagini: 198
Dimensiuni: 156 x 234 x 11 mm
Greutate: 0.29 kg
Editura: Now Publishers
Seria Foundations and Trends(r) in Finance