Human behavior and the efficiency of the financial system:

Recent literature in empirical finance is surveyed in its relation to underlying behavioral principles, principles which come primarily from psychology, sociology and anthropology. The behavioral principles discussed are: prospect theory, regret and cognitive dissonance mental compartments, overconf...

Full description

Saved in:
Bibliographic Details
Main Author: Shiller, Robert J. 1946- (Author)
Format: Book
Language:English
Published: Cambridge, Mass. 1998
Series:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6375
Subjects:
Online Access:Volltext
Summary:Recent literature in empirical finance is surveyed in its relation to underlying behavioral principles, principles which come primarily from psychology, sociology and anthropology. The behavioral principles discussed are: prospect theory, regret and cognitive dissonance mental compartments, overconfidence, over- and underreaction, representativeness heuristic disjunction effect, gambling behavior and speculation, perceived irrelevance of history thinking, quasi-magical thinking, attention anomalies, the availability heuristic contagion, and global culture.
Physical Description:56 S.

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text