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Asset Price Response to New Information
Guo Ying Luo
€ 68.09
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Description for Asset Price Response to New Information
Paperback. Series: SpringerBriefs in Finance. Num Pages: 77 pages, biography. BIC Classification: KCA; KCBM. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 4. Weight in Grams: 140.
Asset Price Response to New Information examines the effect of two types of psychological biases (namely, conservatism bias and representativeness heuristic) on the asset price reaction to new information. The author constructs various models of a competitive securities market or a security market allowing for strategic interaction among traders to prove rigorously that either conservatism or representativeness is capable of generating both asset price overreaction and underreaction to new information. The results shed some new insights on the phenomena of the asset price overreaction and underreaction to new information. In the literature, very little has been published in this area of ... Read more
Asset Price Response to New Information examines the effect of two types of psychological biases (namely, conservatism bias and representativeness heuristic) on the asset price reaction to new information. The author constructs various models of a competitive securities market or a security market allowing for strategic interaction among traders to prove rigorously that either conservatism or representativeness is capable of generating both asset price overreaction and underreaction to new information. The results shed some new insights on the phenomena of the asset price overreaction and underreaction to new information. In the literature, very little has been published in this area of ... Read more
Product Details
Format
Paperback
Publication date
2013
Publisher
Springer-Verlag New York Inc. United States
Number of pages
77
Condition
New
Series
SpringerBriefs in Finance
Number of Pages
70
Place of Publication
New York, NY, United States
ISBN
9781461493686
SKU
V9781461493686
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Asset Price Response to New Information
From the book reviews: “The ideal readers of this book would be PhD students and professors in finance and economics, especially those who have a special interest in behavioral economics/finance. … this book provides a very nice theoretical contribution on how a simple behavioral bias such as conservatism or representativeness could result in both underreaction and overreaction simultaneously in ... Read more