| 书目名称 | Finance and the Behavioral Prospect | | 副标题 | Risk, Exuberance, an | | 编辑 | James Ming Chen | | 视频video | | | 概述 | Explains how investor behavior affects financial economics.Traces market momentum, irrational exuberance, and speculative bubbles to cognitive biases.Reconciles mathematical finance with abnormal mark | | 丛书名称 | Quantitative Perspectives on Behavioral Economics and Finance | | 图书封面 |  | | 描述 | This book explains how investor behavior, from mental accounting to the combustible interplay of hope and fear, affects financial economics. The transformation of portfolio theory begins with the identification of anomalies. Gaps in perception and behavioral departures from rationality spur momentum, irrational exuberance, and speculative bubbles. Behavioral accounting undermines the rational premises of mathematical finance. Assets and portfolios are imbued with “affect.” Positive and negative emotions warp investment decisions. Whether hedging against intertemporal changes in their ability to bear risk or climbing a psychological hierarchy of needs, investors arrange their portfolios and financial affairs according to emotions and perceptions. Risk aversion and life-cycle theories of consumption provide possible solutions to the equity premium puzzle, an iconic financial mystery. Prospect theory has questioned the cogency of the efficient capital markets hypothesis. Behavioral portfolio theory arises from a psychological account of security, potential, and aspiration.. | | 出版日期 | Book 2016 | | 关键词 | postmodern portfolio theory; mathematical finance; risk seeking; risk aversion; VAR; value-at-risk; equity | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-319-32711-2 | | isbn_softcover | 978-3-319-81351-6 | | isbn_ebook | 978-3-319-32711-2Series ISSN 2662-3986 Series E-ISSN 2662-3994 | | issn_series | 2662-3986 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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发表于 2025-3-21 17:33:46
