Behavioral Finance: Theories and Evidence, Vol. 3 The Research Foundation of CFA Institute (2008) Google Scholar Buterin et al., 2014 Buterin V., et al. A next-generation smart contract and decentralized application platform (2014) https://blockchainlab.com/pdf/Ethereum_white_paper-a_next_ge...
But there is evidence to show repeated patterns of irrationality in the way humans arrive at decisions and choices when faced with uncertainty. Behavioral finance, a study of the market that draws on psychology, throws light on why people buy or sell stocks and why sometimes do not buy or ...
We find mixed evidence consistent with behavioral finance. Specifically, the theories based on representativeness are not supported, but we find some evidence of the pricing implications of conservatism. 展开 关键词: Representativeness Behavioral finance Conservatism Financial performance ...
Behavioral finance is a multidisciplinary subfield of finance dealing with behavioral / psychological implications of financial decision making. Even though the psychological and sociological phenomena that affect human behavior are widely discussed in terms of behavioral science, their impact is relatively ne...
Part of the Series Behavioral Finance For decades, psychologists and sociologists have pushed back against the theories of mainstream finance and economics, arguing that human beings are not rational utility-maximizing actors and that markets are not efficient in the real world. The field of ...
Behavioral corporate finance: A current survey We survey the theory and evidence of behavioral corporate finance, which generally takes one of two approaches. The market timing and catering approach views managerial financing and investment decisions as rational managerial responses ... M Baker,J Wurgle...
Theories from behavioral finance are at the forefront of explaining differences in corporate financial policies and capital structures. Most important, however, behavioral corporate finance has reintroduced humanity — in all its complexity and subtlety — into corporate finance, where indeed it belongs....
Daniel, K. ,2004, Discussion of : testing behavioral finance theories using trends and sequences in financial per for mance ,Jornal of Accounting and Economics , 38-51-64.Daniel, K. 2004, Discussion of: Testing behavioral finance theories using trends and sequences in financial performance, by...
When predictions from this informational theory and behavioral theory differ, empirical results are consistent with the informational theory. 展开 关键词: information behavioral finance entropy human mind psychology DOI: 10.2139/ssrn.380460 被引量: 9 ...
and the database of 581 listed companies of manufacturing industry from 2008 to 2012is analyzed in terms of normalization steps of econometric analysis model under the Eviews 6.0environment.The empirical results verify most of the proposed hypothesis:corporate behavior theories and management incentives ...