Titlebook: An Introduction to Behavioral Finance and Asset Management; A Guide for Students Yannick Coulon Textbook 2024 The Editor(s) (if applicable)

混合,搀杂

https://doi.org/10.1007/978-1-4757-0764-9Behavioral biases lead to poor economic and financial decisions, which is why it is paramount to be aware of them. What is the point of focusing on taxation, law, or finance if, in the end, the decision to buy or sell is based on purely emotional and subjective criteria? The author presents the most common and harmful behavioral biases.

licence

淡紫色花

On H-spaces of finite dimension,The diversification advocated by Harry Markovitz is still relevant at the theoretical level. However, numerous empirical studies show that it is insufficiently applied in portfolios. What are the powerful obstacles to efficient and optimal diversification? This chapter lists potential suspects.

BINGE

Elena De Santis,Maria Domenica Di BenedettoA structured asset organization can significantly reduce the harmfull effects of behavioral biases. Some investment methods can mitigate or accomodate them such as a core-satellite asset construction, hedged equities with put options, automatic rebalancing, principal protected notes or an investment thesis for risky bets.

anachronistic

执

Instinctive

Introduction to Behavioral Finance,This chapter establishes the differences between classical and behavioral finance. The lack of rationality and market efficiency are powerful factors justifying behavioral finance, as are financial bubbles.

吹牛者

jovial

Essential Behavioral Biases,Behavioral biases lead to poor economic and financial decisions, which is why it is paramount to be aware of them. What is the point of focusing on taxation, law, or finance if, in the end, the decision to buy or sell is based on purely emotional and subjective criteria? The author presents the most common and harmful behavioral biases.

MORPH

The Prospect Theory,This chapter deals with Prospect Theory, the theoretical part of Behavioral Finance. A few . equations are presented and illustrated. The last part of the chapter is more accessible, with some interesting applications in financial marketing.