Behavioral finance: what everyone needs to know
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Oxford
Oxford University Press
[2019]
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xvii, 226 Seiten |
| ISBN: | 9780190868741 9780190868734 |
Internformat
MARC
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Datensatz im Suchindex
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| adam_text | CONTENTS PREFACE Who Are the Authors? XI xi Why Did We Write This Book? xiii What Is the Book About? xiv Whom Do We Want to Thank? xvi 1. Foundations and Psychological Concepts 1 What Is Behavioral Finance? 2 Why Is Behavioral Finance Important to Practitioners? 4 What Are Some Cornerstones Underlying Behavioral Finance? 6 What Is Prospect Theory and What Implications Does It Have for Choice Behavior? 7 What Is the Disposition Effect and Why Is It Harmful to Investors? 10 What Are Heuristics? 13 What Role Do Heuristics Play in Forming Judgments and Making Decisions? 15 How Does the Representativeness Heuristic Influence Judgment and Decision-Making Behavior? 17 What Are Two Common Biases Associated with the Representative Heuristic? 18
vi Contents What Is the A vailability Heuristic and How Can ItAffect Investment Decisions? 20 What Role Does Anchoring Play When Making Investment Decisions? 22 What Is the Affect Heuristic and How Does It Influence Decision-Making? 24 What Is Framing and How Can It Influence Decision-Making? 26 What Role Do Biases Play in Behavioral Finance? 27 What Role Do Inefficient Markets Play in Behavioral Finance? 29 What Developments Contributed to the Early Growth and Eventual Acceptance of Behavioral Finance? 30 How Did the Financial Crisis of2007-2008 Spur the Relevance of Understanding Human Behavior? 32 What Are Some Criticisms and Limitations of Behavioral Finance? 34 Can Investors Exploit Market Anomalies Identified by Behavioral Finance in the Real World? 36 What Insights Does Behavioral Њапсе Provide Into the Volatility Puzzle? 37 How Can Loss Aversion Help to Explain Investors’Behavior When the Market Goes Down? 2. Cognitive Biases 39 41 What Are Behavioral Biases and Why Are They Important? 42 What Are Cognitive Biases and Their Major Types? 44 What Is Conservatism Bias and How Can It Affect Financial Decision-Making? 46 What Is Confirmation Bias and What Are Its Implications? 48 What Is Self-Serving Attribution Bias? 50 What Is Hindsight Bias and What Are Its Implications for Financial Decision-Making? 51 What Is the Illusion of Control Bias and How Can ItAffect Decision-Making? 53 What Is Familiarity Bias and How Does It Manifest Itself in Investing? 56 What Is Framing Bias and How Does It Affect Financial Decisions? 58 What Is Limited Attention Bias and How Can
ItAffect Decision-Makers? 61
Contents vii What Is Mental Accounting and Why Can It Be Detrimental to Financial Health? 63 What Is Outcome Bias and What Problems Does It Pose to Investors? 66 What Is Recency Bias and How Can It Affect Investment Performance? 67 How Did the Financial Crisis of2007-2008Affect investor Risk Tolerance and Behavioral Biases? 69 How Do Different Behavioral Investor Types Affect Behavioral Biases? 71 Does Knowledge of Cognitive Biases Result in Less Biased Financial Decisions? 72 How Can People Cope with Cognitive Biases in Investment Decision-Making? 3. Emotional Biases and Social-Cultural Influences 73 77 How Do Emotions Play a Role in Investing? 78 How Do Emotional Biases Differ from Cognitive Biases? 79 What Is Loss-Aversion Bias and How Does It Affect Decision-Making? 79 What Is Overconfidence Bias and What Potential Pitfalls Are Associated with It? 80 What Role Does Overconfidence Play in Financial Decision-Making, Especially Relating to Investment Failure and Possible Errors in Investor Decisions? 82 What Is Self-Control Bias and How Can It Affect Investment Performance? 83 What Is Status Quo Bias and Why Do Investors Fall Victim to it? 83 What Is Endowment Bias as Related to Investors? 84 What Is Regret-Aversion Bias and How Can ItAffect Investors? 85 How Can Emotions and Moods Affect Investment Decision-Making? 86 How Can Emotions and Moods Affect Markets? 87 How Are Emotions Mitigated or Magnified When Making Investment Decisions? 89 What Are Cultural Biases? 90 How Do Trust and Home Bias Influence Financial Decision-Making? 91 How Does Social Interaction Influence
People, Especially When Investing? 91
viii Contents What Social Role Do Investment Clubs Play in Investing? 92 How Do Social Identity and Social Norms Influence People, Especially When Investing? 93 How Does Social Capital Influence People, Especially When Investing? 94 How Does Attitude Affect Investment Decision-Making? Do Weather Conditions Influence Investor Decisions? 95 97 What Measures Are Available for Gauging Investor Sentiment and Why Is Measuring Investor Sentiment Important? 4. Investor Behavior How Can Behavioral Biases Affect Investment Performance? 97 99 100 How Do Overconfidence and Self-Attribution Affect Investor Decision-Making? 102 How Do the Disposition Effect, Prospect Theory, and Sentiment Influence Investors’ Behavior? 104 How Does Limited Attention Affect One’s Investing Choices? 105 Why Do Some Investors Trade Too Much? 107 What Is Hyperbolic Discounting and Why Is It Important? 109 Why Do Investors Hold Underdiversified Portfolios? 110 How Do Personality Traits Affect Investors’Behavior? 112 How Do Demographic and Socioeconomic Factors Influence Investors? 115 How Do Behavioral Biases Affect Sophisticated or Knowledgeable Investors? 116 What Types of Behavioral Biases Influence Professional Investors? 118 To What Extent Does Mood Affect Investing and Other Financial Decision-Making Behavior? 119 How Do Social Interactions and Peer Effects Influence Investing Behavior? 120 How Does Herding Affect Markets? 121 Should People Invest in the Stock of the Company for Which They Work? 120 What Biases Lead Investors to Buy or Sell Certain Mutual Funds? 124
Contents 5. Nudge: The Influence of Frame Dependence ix 127 What Is Frame Dependence? 127 What Is an Example of Frame Dependence? 129 How Can Frame Dependence Affect Health Policy? 130 How Does Framing Affect Investment Risk and Return Assessments? 132 How Do Decision Frames Affect Investment Predictions? 135 How Does Framing Affect Retirement Accounts? 137 Can Frame Dependence Affect Social Security Choices ? 139 How Can Banks Use Frames to Increase Saving? 140 Can These Savings Programs Use Peer Pressure to Increase Savings? 142 How Is Frame Dependence Used for Charitable Giving? 144 How Does the Framing of Return Information Affect Decisions? 146 What Is the Nudge Revolution ? 149 How Are Framing Concepts Being Used to Lure People into Bad Financial Decisions? 150 How Did Lenders Use Framing to Nudge Homebuyers into Dangerous Mortgages that Led to the Financial Crisis of2007-2008? 151 How Can Employers Use Nudging Concepts to Help Improve Pension Plan Decisions? 156 Can Nudging Be Effective? 158 6. Cognitive Ability 163 What Are the Cognitive Processes Involved in Investing? 164 How Does IQ Relate to Investment Success? 165 What Are the Differences between Analytical and intuitive Thinking? 166 How Can Someone’s Cognitive Reflection Be Easily Revealed? 167 How Do Analytical and Intuitive Thinking Relate to Behavioral Finance and Investment Performance? 170 How Are Better-Trained and More Experienced Investors Likely to Behave? 172
x Contents What Are the Implications of the Cognitive Process Called Theory of Mind? 173 What Is Cognitive Aging? 175 Does Cognitive Aging Make Seniors More Susceptible to Financial Fraud? 177 How Does Getting Older Affect Risk Tolerance? 180 How Does Cognitive Aging Affect Portfolios? 181 How Does Cognitive Aging Affect Behavioral Finance? 182 How Does a Lack of Sleep Affect Cognitive Ability and Financial Decision-Making? 182 What Is Cognitive Dissonance and How Does It Manifest Itself in Practice? 184 Do More Investment Experience and Competence Reduce Behavioral Finance Problems? 187 NOTES 189 INDEX 211
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| discipline | Wirtschaftswissenschaften |
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| spelling | Baker, H. Kent 1944- Verfasser (DE-588)142694517 aut Behavioral finance what everyone needs to know H. Kent Baker, Greg Filbeck, and John R. Nofsinger Oxford Oxford University Press [2019] © 2019 xvii, 226 Seiten txt rdacontent n rdamedia nc rdacarrier Verhaltenspsychologie (DE-588)4133738-4 gnd rswk-swf Finanzmanagement (DE-588)4139075-1 gnd rswk-swf Anlageverhalten (DE-588)4214003-1 gnd rswk-swf Anlageverhalten (DE-588)4214003-1 s Finanzmanagement (DE-588)4139075-1 s Verhaltenspsychologie (DE-588)4133738-4 s DE-604 Filbeck, Greg Verfasser (DE-588)171549600 aut Nofsinger, John R. Verfasser (DE-588)171868129 aut Erscheint auch als Online-Ausgabe, EPUB 978-0-19-086875-8 Erscheint auch als Online-Ausgabe, PDF 978-0-19-086875-8 Digitalisierung UB Bamberg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=031066539&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Baker, H. Kent 1944- Filbeck, Greg Nofsinger, John R. Behavioral finance what everyone needs to know Verhaltenspsychologie (DE-588)4133738-4 gnd Finanzmanagement (DE-588)4139075-1 gnd Anlageverhalten (DE-588)4214003-1 gnd |
| subject_GND | (DE-588)4133738-4 (DE-588)4139075-1 (DE-588)4214003-1 |
| title | Behavioral finance what everyone needs to know |
| title_auth | Behavioral finance what everyone needs to know |
| title_exact_search | Behavioral finance what everyone needs to know |
| title_full | Behavioral finance what everyone needs to know H. Kent Baker, Greg Filbeck, and John R. Nofsinger |
| title_fullStr | Behavioral finance what everyone needs to know H. Kent Baker, Greg Filbeck, and John R. Nofsinger |
| title_full_unstemmed | Behavioral finance what everyone needs to know H. Kent Baker, Greg Filbeck, and John R. Nofsinger |
| title_short | Behavioral finance |
| title_sort | behavioral finance what everyone needs to know |
| title_sub | what everyone needs to know |
| topic | Verhaltenspsychologie (DE-588)4133738-4 gnd Finanzmanagement (DE-588)4139075-1 gnd Anlageverhalten (DE-588)4214003-1 gnd |
| topic_facet | Verhaltenspsychologie Finanzmanagement Anlageverhalten |
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