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Investor behavior : the psychology of financial planning and investing / editors H. Kent Baker, Victor Ricciardi

Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Wiley Finance Ser ; v.833 | Wiley finance seriesPublisher: Hoboken, New Jersey : Wiley, [2014]Copyright date: ©2014Edition: Online-AusgDescription: Online-Ressource (1 online resource (1 online resource (xv, 623 pages).))ISBN:
  • 9781118727027
  • 9781118727010
  • 9781306427029
  • 1306427029
Subject(s): Genre/Form: Additional physical formats: 9781118492987 | 1306426898 | Erscheint auch als: Investor behavior. Druck-Ausgabe. Hoboken, NJ : Wiley, 2014. XV, 623 S.DDC classification:
  • 332.6019
  • 332.601/9 23
RVK: RVK: QK 820LOC classification:
  • HG4515.15
Online resources: Summary: Investor Behavior provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of investment research. The book should also be of interest to academics, investors, and students. The book will cover the major principles of investor psychology, including heuristics, bounded rationality, regret theory, mental accounting, framing, prospect theory, and loss aversion. Specific sections of the book will delve into the role of personality traits, financial therapy, retirement planning, financial coaching, and emotions in investment decisions. Other topics covered include risk perception and tolerance, asset allocation decisions under inertia and inattention bias; evidenced based financial planning, motivation and satisfaction, behavioral investment management, and neurofinance. Contributions will delve into the behavioral underpinnings of various trading and investment topics including trader psychology, stock momentum, earnings surprises, and anomalies. The final chapters of the book examine new research on socially responsible investing, mutual funds, and real estate investing from a behavioral perspective. Empirical evidence and current literature about each type of investment issue are featured. Cited research studies are presented in a straightforward manner focusing on the comprehension of study findings, rather than on the details of mathematical frameworks.Summary: Intro -- Investor Behavior -- Contents -- Acknowledgments -- Part One Foundations of Investor Behavior -- Chapter 1 Investor Behavior: An Overview -- Introduction -- Relevant Books in the History of Finance and Investment Thought -- Investor Behavior -- Purpose of the Book -- Distinctive Features of the Book -- Intended Audience -- Organization of the Book -- Part I: Foundations of Investor Behavior -- Part II: Personal Finance Issues -- Part III: Financial Planning Concepts -- Part IV: Investor Psychology -- Part V: Trading and Investing Psychology and Strategies -- Part VI: Special Investment Topics -- Summary -- References -- About the Authors -- Chapter 2 Traditional and Behavioral Finance -- Introduction -- Traditional Finance -- Classical Decision Theory -- Rationality and Utility -- Risk Aversion -- Modern Portfolio Theory -- Capital Asset Pricing Model and the Trade-Off between Risk and Return -- Efficient Market Hypothesis -- Behavioral Finance -- Behavioral Decision Theory and Bounded Rationality -- Prospect Theory and Loss Aversion -- Framing -- Heuristics -- Overconfidence -- Regret Theory -- Advances in Behavioral Finance -- Summary -- Discussion Questions -- References -- About the Author -- Chapter 3 Behavioral Economics, Thinking Processes, Decision Making, and Investment Behavior -- Introduction -- Behavioral Economics, Heuristics, and Decision Making -- Investment Heuristics and Investing in Financial Assets -- The Trust Heuristic and Decision Making -- Other Critical Decision-Making Heuristics -- Knightian Uncertainty versus Risk -- Animal Spirits -- Beauty Contest -- Herding -- Loss Aversion -- Disposition Effect -- Illusion of Control -- Overconfidence -- Overoptimism -- Overconfidence and Overoptimism -- Lack of Bayesian Updating -- Ambiguity Aversion -- Winner's Curse.PPN: PPN: 80723978XPackage identifier: Produktsigel: ZDB-26-MYL | ZDB-30-PAD | ZDB-30-PBE | ZDB-30-PQE
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