國立高雄大學圖資館 |

語系: 繁體中文

說明(常見問題)

圖資館首頁

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

Finance and the behavioral prospectr...

Chen, James Ming.

Finance and the behavioral prospectrisk, exuberance, and abnormal markets /

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Finance and the behavioral prospectby James Ming Chen.
其他題名:	risk, exuberance, and abnormal markets /
作者:	Chen, James Ming.
出版者:	Cham :Springer International Publishing :2016.
面頁冊數:	xii, 343 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
標題:	InvestmentsPsychological aspects.
電子資源:	http://dx.doi.org/10.1007/978-3-319-32711-2
ISBN:	9783319327112$q(electronic bk.)

Finance and the behavioral prospectrisk, exuberance, and abnormal markets /
Chen, James Ming.

Finance and the behavioral prospectrisk, exuberance, and abnormal markets /[electronic resource] :by James Ming Chen. - Cham :Springer International Publishing :2016. - xii, 343 p. :ill., digital ;24 cm. - Quantitative perspectives on behavioral economics and finance. - Quantitative perspectives on behavioral economics and finance..

1 The Structure of a Behavioral Revolution -- 2 Mental Accounting, Emotional Hierarchies, and Behavioral Heuristics -- 3 Higher-Moment Capital Asset Pricing and Its Behavioral Implications -- 4 Tracking the Low-Volatility Anomaly Across Behavioral Space -- 5 The Intertemporal Capital Asset Pricing Model: Hedging Investment Risk Across Time -- 6 Risk Aversion -- 7 The Equity Risk Premium and the Equity Premium Puzzle -- 8 Prospect Theory -- 9 Specific Applications of Prospect Theory to Behavioral Finance -- 10 Beyond Hope and Fear: Behavioral Portfolio Theory -- 11 Behavioral Gaps Between Hypothetical Investment Returns and Actual Investor Returns -- 12 Irrational Exuberance: Momentum Crashes and Speculative Bubbles -- Conclusion: The Monster and the Sleeping Queen.

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.

ISBN: 9783319327112$q(electronic bk.)

Standard No.: 10.1007/978-3-319-32711-2doiSubjects--Topical Terms:

202604
Investments
--Psychological aspects.

LC Class. No.: HG4515.15 / .C44 2016

Dewey Class. No.: 332.6019

Finance and the behavioral prospectrisk, exuberance, and abnormal markets /
LDR:02847nmm a2200301 a 4500 001 498309
003 DE-He213
005 20161001191410.0
006 m d
007 cr nn 008maaau
008 170511s2016 gw s 0 eng d
020 $a 9783319327112$q(electronic bk.)
020 $a 9783319327105$q(paper)
024 7 $a 10.1007/978-3-319-32711-2 $2 doi
035 $a 978-3-319-32711-2
040 $a GP $c GP
041 0 $a eng
050 4 $a HG4515.15 $b .C44 2016
082 0 4 $a 332.6019 $2 23
090 $a HG4515.15 $b .C518 2016
100 1 $a Chen, James Ming. $3 753298
245 1 0 $a Finance and the behavioral prospect $h [electronic resource] : $b risk, exuberance, and abnormal markets / $c by James Ming Chen.
260 $a Cham : $b Springer International Publishing : $b Imprint: Palgrave Macmillan, $c 2016.
300 $a xii, 343 p. : $b ill., digital ; $c 24 cm.
490 1 $a Quantitative perspectives on behavioral economics and finance
505 0 $a 1 The Structure of a Behavioral Revolution -- 2 Mental Accounting, Emotional Hierarchies, and Behavioral Heuristics -- 3 Higher-Moment Capital Asset Pricing and Its Behavioral Implications -- 4 Tracking the Low-Volatility Anomaly Across Behavioral Space -- 5 The Intertemporal Capital Asset Pricing Model: Hedging Investment Risk Across Time -- 6 Risk Aversion -- 7 The Equity Risk Premium and the Equity Premium Puzzle -- 8 Prospect Theory -- 9 Specific Applications of Prospect Theory to Behavioral Finance -- 10 Beyond Hope and Fear: Behavioral Portfolio Theory -- 11 Behavioral Gaps Between Hypothetical Investment Returns and Actual Investor Returns -- 12 Irrational Exuberance: Momentum Crashes and Speculative Bubbles -- Conclusion: The Monster and the Sleeping Queen.
520 $a 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.
650 0 $a Investments $x Psychological aspects. $3 202604
650 0 $a Investments $x Decision making. $3 202605
650 1 4 $a Finance. $3 183252
650 2 4 $a Risk Management. $3 297189
650 2 4 $a Capital Markets. $3 741694
650 2 4 $a Behavioral/Experimental Economics. $3 737421
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer eBooks
830 0 $a Quantitative perspectives on behavioral economics and finance. $3 753299
856 4 0 $u http://dx.doi.org/10.1007/978-3-319-32711-2
950 $a Economics and Finance (Springer-41170)