عنوان

Advances in behavioral finance /

(Number (ISBN

0691121745 (hbk. : v. 2)

(Number (ISBN

0691121753 (v. 2 : pbk.)

(Number (ISBN

0871548445 (pbk.)

(Number (ISBN

0871548453

(Number (ISBN

9780691121741 (hbk. : v. 2)

(Number (ISBN

9780691121758 (v. 2 : pbk.)

(Number (ISBN

9780871548443 (pbk.)

(Number (ISBN

9780871548450

Number

dltt

Title Proper

Advances in behavioral finance /

General Material Designation

[Book]

First Statement of Responsibility

Richard H. Thaler, editor.

Place of Publication, Distribution, etc.

New York :

Name of Publisher, Distributor, etc.

Russell Sage Foundation,

Date of Publication, Distribution, etc.

c1993-

Specific Material Designation and Extent of Item

v. <1-2> :

Other Physical Details

ill. ;

Dimensions

24 cm.

Series Title

The Roundtable series in behavioral economics

Text of Note

Vol. 1 lacks vol. designation.

Text of Note

Vol. 2- published by Russell Sage and Princeton University Press with series title: The Roundtable series in behavioral economics.

Text of Note

Includes bibliographical references and index.

Text of Note

Noise / Fischer Black -- Noise trader risk in financial markets / J. Bradford De Long ... [et al.] -- Investor sentiment and the closed-end fund puzzle / Charles M.C. Lee, Andrei Shleifer, and Richard H. Thaler -- Do stock prices move too much to be justified by subsequent changes in dividends? / Robert J. Shiller -- What moves stock prices? / David M. Cutler, James M. Poterba, and Lawrence H. Summers -- Does the stock market rationally reflect fundamental values? / Lawrence H. Summers -- Stock prices and social dynamics / Robert J. Shiller -- Stock return variances : the arrival of information and the reaction of traders / Kenneth R. French and Richard Roll -- Does the stock market overreact? / Werner F.M. De Bondt and Richard M. Thaler -- Measuring abnormal performance : do stocks overreact? / Navin Chopra, Josef Lakonishok, and Jay R. Ritter.

Text of Note

Stock price reactions to earnings announcements : a summary of recent anomalous evidence and possible explanations / Victor L. Bernard -- Overreactions in the options market / Jeremy Stein -- Forward discount bias : is it an exchange risk premium? / Kenneth A. Froot and Jeffrey A. Frankel -- Investor diversification and international equity markets / Kenneth R. French and James M. Poterba -- Explaining investor preference for cash dividends / Hersh M. Shefrin and Meir Statman -- Equilibrium short horizons of investors and firms / Andrei Shleifer and Robert W. Vishny -- The hubris hypothesis of corporate takeovers / Richard Roll -- The long-run performance of initial public offerings / Jay R. Ritter -- Speculative prices and popular models / Robert J. Shiller -- The disposition to sell winners too early and ride losers too long : theory and evidence / Hersh M. Shefrin and Meir Statman.

Text of Note

The failure of competition in the credit card market / Lawrence M. Ausubel.

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Text of Note

Advances in Behavioral Finance is a solid beachhead for behavioral work in the financial arena and a clear promise of wider application for behavioral economics in the future.

Text of Note

Andrei Shleifer and Robert Vishny show how the difficulty of establishing a reliable reputation for correctly assessing the value of long term capital projects can lead investment analysts, and hence corporate managers, to focus myopically on short term returns.

Text of Note

Modern financial markets offer the real world's best approximation to the idealized price auction marker envisioned in economic theory. Nevertheless, as the increasingly exquisite and detailed financial data demonstrate, financial markets often fail to behave as they should if trading were truly dominated by the fully rational investors that populate financial theories.

Text of Note

More than just an assembly of exceptions to mainline theory, these papers illustrate how specific departures from fully rational decision making by individual market agents can provide explanations of otherwise puzzling market phenomena.

Text of Note

The analyses in this wide-ranging collection demonstrate the growing success of behavioral approaches to understanding the behavior of financial markets. As a testing ground for assessing the empirical accuracy of behavioral theories, these successful studies of the stock market reach beyond the world of finance to suggest, very powerfully, the importance of pursuing behavioral approaches to other areas of economic life.

Text of Note

These market anomalies have spawned a new approach to finance, one which as editor Richard Thaler puts it, "entertains the possibility that some of the agents in the economy behave less than fully rationally some of the time." Advances in Behavioral Finance collects together twenty-one percent articles that illustrate the power of this approach.

Text of Note

To take several examples, Werner De Bondt and Thaler find an explanation for superior price performance of firms with poor recent earnings histories in the tendencies of investors to overreact to recent information. Richard Roll traces the negative effects of corporate takeovers on the stock prices of the acquiring firms to the overconfidence of managers, who fail to recognize the contributions of chance to their past successes.

Title

Advances in behavioral finance.

Investments-- Psychological aspects.

Class number

Book number

Thaler, Richard H.,1945-

Date of Transaction

20140213085519.0

Electronic name

[Book]

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