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Finance and the Behavioral Prospect
James Ming Chen
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Description for Finance and the Behavioral Prospect
Hardback. Series: Quantitative Perspectives on Behavioral Economics and Finance. Num Pages: 355 pages, 2 black & white illustrations, 12 colour illustrations, biography. BIC Classification: GPQD; KCK; KFF. Category: (G) General (US: Trade). Dimension: 210 x 148 x 25. Weight in Grams: 591.
This book explains how investor behavior, from mental accounting to the combustible interplay of hope and fear, affects financial economics. The transformation of portfolio theory begins with the identification of anomalies. Gaps in perception and behavioral departures from rationality spur momentum, irrational exuberance, and speculative bubbles. Behavioral accounting undermines the rational premises of mathematical finance. Assets and portfolios are imbued with “affect.” Positive and negative emotions warp investment decisions. Whether hedging against intertemporal changes in their ability to bear risk or climbing a psychological hierarchy of needs, investors arrange their portfolios and financial affairs according to emotions and perceptions. Risk aversion ... Read more
This book explains how investor behavior, from mental accounting to the combustible interplay of hope and fear, affects financial economics. The transformation of portfolio theory begins with the identification of anomalies. Gaps in perception and behavioral departures from rationality spur momentum, irrational exuberance, and speculative bubbles. Behavioral accounting undermines the rational premises of mathematical finance. Assets and portfolios are imbued with “affect.” Positive and negative emotions warp investment decisions. Whether hedging against intertemporal changes in their ability to bear risk or climbing a psychological hierarchy of needs, investors arrange their portfolios and financial affairs according to emotions and perceptions. Risk aversion ... Read more
Product Details
Format
Hardback
Publication date
2016
Publisher
Springer International Publishing AG Switzerland
Number of pages
355
Condition
New
Series
Quantitative Perspectives on Behavioral Economics and Finance
Number of Pages
343
Place of Publication
Cham, Switzerland
ISBN
9783319327105
SKU
V9783319327105
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About James Ming Chen
James Ming Chen holds the Justin Smith Morrill Chair in Law at Michigan State University, USA. He teaches, lectures, and writes widely on law, economics, and regulation. His books, Disaster Law and Policy and Postmodern Portfolio Theory, cover a broad range of issues concerning extreme events and risk management, from natural to financial disasters. He is of counsel to the Technology Law Group ... Read more
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