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020 _a9780691121741
_qprint
020 _a9781400829125
_qPDF
024 7 _a10.1515/9781400829125
_2doi
035 _a(DE-B1597)9781400829125
035 _a(DE-B1597)480408
035 _a(OCoLC)979745020
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHG4515.15
_b.A38 1993
072 7 _aBUS069030
_2bisacsh
082 0 4 _a332.6019
084 _aonline - DeGruyter
245 0 0 _aAdvances in Behavioral Finance, Volume II /
_ced. by Richard H. Thaler.
250 _aCourse Book
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2005]
264 4 _c©2005
300 _a1 online resource (744 p.) :
_b72 line illus. 79 tables.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aThe Roundtable Series in Behavioral Economics ;
_v2
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tAcknowledgments --
_tList of Abbreviations --
_tChapter1. A Survey of Behavioral Finance --
_tPart I. Limits to Arbitrage --
_tChapter 2. The Limits of Arbitrage --
_tChapter 3. How Are Stock Prices Affected by the Location of Trade? --
_tChapter 4. Can the Market Add and Subtract? Mispricing in Tech Stock Carve-outs --
_tPart II. Stock Returns and the Equity Premium --
_tChapter 5. Valuation Ratios and the Long-run Stock Market Outlook: An Update --
_tChapter 6. Myopic Loss Aversion and the Equity Premium Puzzle --
_tChapter 7. Prospect Theory and Asset Prices --
_tPart III. Empirical Studies of Overreaction and Underreaction --
_tChapter 8. Contrarian Investment, Extrapolation, and Risk --
_tChapter 9. Evidence on the Characteristics of Cross-sectional Variation in Stock Returns --
_tChapter 10. Momentum --
_tChapter 11. Market Efficiency and Biases in Brokerage Recommendations --
_tPart IV. Theories of Overreaction and Underreaction --
_tChapter 12. A Model of Investor Sentiment --
_tChapter 13. Investor Psychology and Security Market Under- and Overreaction --
_tChapter 14. A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets --
_tPart V. Investor Behavior --
_tChapter 15. Individual Investors --
_tChapter 16. Naive Diversification Strategies in Defined Contribution Savings Plans --
_tPart VI. Corporate Finance --
_tChapter 17. Rational Capital Budgeting in an Irrational World --
_tChapter 18. Earnings Management to Exceed Thresholds --
_tChapter 19. Managerial Optimism and Corporate Finance --
_tList of Contributors
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aThis book offers a definitive and wide-ranging overview of developments in behavioral finance over the past ten years. In 1993, the first volume provided the standard reference to this new approach in finance--an approach that, as editor Richard Thaler put it, "entertains the possibility that some of the agents in the economy behave less than fully rationally some of the time." Much has changed since then. Not least, the bursting of the Internet bubble and the subsequent market decline further demonstrated that financial markets often fail to behave as they would if trading were truly dominated by the fully rational investors who populate financial theories. Behavioral finance has made an indelible mark on areas from asset pricing to individual investor behavior to corporate finance, and continues to see exciting empirical and theoretical advances. Advances in Behavioral Finance, Volume II constitutes the essential new resource in the field. It presents twenty recent papers by leading specialists that illustrate the abiding power of behavioral finance--of how specific departures from fully rational decision making by individual market agents can provide explanations of otherwise puzzling market phenomena. As with the first volume, it reaches beyond the world of finance to suggest, powerfully, the importance of pursuing behavioral approaches to other areas of economic life. The contributors are Brad M. Barber, Nicholas Barberis, Shlomo Benartzi, John Y. Campbell, Emil M. Dabora, Daniel Kent, François Degeorge, Kenneth A. Froot, J. B. Heaton, David Hirshleifer, Harrison Hong, Ming Huang, Narasimhan Jegadeesh, Josef Lakonishok, Owen A. Lamont, Roni Michaely, Terrance Odean, Jayendu Patel, Tano Santos, Andrei Shleifer, Robert J. Shiller, Jeremy C. Stein, Avanidhar Subrahmanyam, Richard H. Thaler, Sheridan Titman, Robert W. Vishny, Kent L. Womack, and Richard Zeckhauser.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aInvestments
_xPsychological aspects.
650 7 _aBUSINESS & ECONOMICS / Economics / Theory.
_2bisacsh
700 1 _aBarber, Brad M.
_eautore
700 1 _aBarberis, Nicholas
_eautore
700 1 _aBenartzi, Shlomo
_eautore
700 1 _aCampbell, John Y.
_eautore
700 1 _aDabora, Emil M.
_eautore
700 1 _aDaniel, Kent
_eautore
700 1 _aDegeorge, François
_eautore
700 1 _aFroot, Kenneth A.
_eautore
700 1 _aHeaton, J. B.
_eautore
700 1 _aHirshleifer, David
_eautore
700 1 _aHong, Harrison
_eautore
700 1 _aHuang, Ming
_eautore
700 1 _aJegadeesh, Narasimhan
_eautore
700 1 _aLakonishok, Josef
_eautore
700 1 _aLamont, Owen A.
_eautore
700 1 _aMichaely, Roni
_eautore
700 1 _aOdean, Terrance
_eautore
700 1 _aPatel, Jayendu
_eautore
700 1 _aSantos, Tano
_eautore
700 1 _aShiller, Robert J.
_eautore
700 1 _aShleifer, Andrei
_eautore
700 1 _aStein, Jeremy C.
_eautore
700 1 _aSubrahmanyam, Avanidhar
_eautore
700 1 _aThaler, Richard
_eautore
700 1 _aThaler, Richard H.
_eautore
_ecuratore
700 1 _aTitman, Sheridan
_eautore
700 1 _aVishny, Robert W.
_eautore
700 1 _aWomack, Kent L.
_eautore
700 1 _aZeckhauser, Richard
_eautore
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400829125
856 4 0 _uhttps://www.degruyter.com/isbn/9781400829125
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400829125.jpg
942 _cEB
999 _c205768
_d205768