Übersicht			Auf mobile öffnen

Lieferstatus:	Auf Bestellung (Lieferzeit unbekannt)
Veröffentlichung:	Juli 2018
Genre:	Wirtschaft / Recht
	B / Behavioral Economics / Behavioral/Experimental Economics / Behavioural economics / capital market / capital markets / Economics and Finance / Finance / IT Risk Management / risk management
ISBN:	9783319813516
EAN-Code:	9783319813516
Verlag:	Springer Nature EN
Einband:	Kartoniert
Sprache:	English
Serie:	Quantitative Perspectives on Behavioral Economics and Finance
Dimensionen:	H 210 mm / B 148 mm / D 19 mm
Gewicht:	465 gr
Seiten:	343
Illustration:	XII, 343 p. 14 illus., 12 illus. in color., schwarz-weiss Illustrationen, farbige Illustrationen
Zus. Info:	Previously published in hardcover
Bewertung:	Titel bewerten / Meinung schreiben

Inhalt:

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.