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 sell at all. The most crucial challenge faced by the investor is in the area of investment decisions. The profit made, or losses incurred by...
Assessing the predictive ability of behavioral finance theories using out-of-sample data is important. Otherwise, the potentially boundless set of psychological biases underlying the behavioral explanations for security price behavior can lead to overfitting of theories to data. We test pricing effects at...
How to assess therandom walk theoryand the market efficiency hypothesis in order to understand the value of behavioral finance today, one of the basis ofcontrarianinvesting. Sentiment indicators, with which to measure traderspositionsand more importantly, their expectations and intentions f...
Kent Daniel.Discussion of:Testing behavioral finance theories using trends and sequences in financial performance. Journal of Accountancy . 2004Daniel, K., 2004. Discussion of: testing behavioral finance theories using trends and sequences in financial performance (by W. Chan, R. Frankel, and S....
MIT Sloan School of Management TESTING BEHAVIORAL FINANCE THEORIES USING Sequences in Financial PerformancePaper, WorkingChan, Wesley S
“Our study shows that subjects who were exposed to a conspiracy theory for just three minutes acted differently in a subsequent behavioral experiment than subjects from the control group,” reports Loukas Balafoutas, Professor of Experimental Economics at the Department of Finance at the University ...
INTRODUCTION conceptual framework for the determinants of corporate capital investment. The framework is an empirically derived general model of th... P Bromiley - 《Journal of Behavioral Economics》 被引量: 8发表: 1987年 A Review of Behavior Finance Theory Compared to analytical frame of ...
This study examined theories used in accounting doctoral dissertations and found that dissertations in this discipline test theories drawn from economics, finance, psychology, and sociology, with 53% from economics and finance and 27% from psychology. Further, a primary conclusion of this paper is th...
Behavioral financeis a form of behavioral economics. It studies the psychological influences and biases that affect the behavior and decisions of investors as well as financial professionals. These influences and biases tend to explain various market anomalies, especially those found in the stock market...
The paper consists of a survey of some recent developments on the theory of choice under uncertainty and some applications of these theories to problems for which Bayesian Decision Theory has not proved entirely satisfactory. Two problems are examined in detail. The first is that of finance and ...