Titlebook: Behavioral Finance and Capital Markets; How Psychology Influ Adam Szyszka Book 2013 Adam Szyszka 2013 asset pricing.behavioral finance.capi

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Market-wide Consequences of Behavioral Biases that is, the equity premium puzzle and the excessive volatility puzzle, are discussed in the first instance. Later, we move on to attempts of market modeling within the behavioral framework. Early models based on beliefs and preferences of investors do well with explaining some aspects, but lack po

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Behavioral Insights into Financial Crisisstarted in the United States with the burst of the real estate bubble and the credit crunch. Soon the crisis spread globally. Its spin-off effects revealed major weaknesses of the Eurozone, particularly unbearable levels of public and private indebtness in a few member states.

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Managerial Practicetors and corporate managers. With respect to corporate managers, first, we showed how rational managers may attempt to exploit investor irrationality and market inefficiency (chapter 7). Later, we argued that not only investors, but also corporate managers might be subject to psychological biases an

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tion between psychological factors responsible for irrational behavior and market pricing anomalies is featured extensively throughout the text. Alternative explanations for various theoretical and empirical market puzzles - such as the 2008 U.S. financial crisis - are also discussed in a convincing and inter978-1-349-46414-2978-1-137-36629-0