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A Behavioral Approach to Asset Pricing

A Behavioral Approach to Asset Pricing
  • Author : Hersh Shefrin
  • Publsiher : Elsevier
  • Release : 19 May 2008
  • ISBN : 9780080482248
  • Pages : 618 pages
  • Rating : 4/5 from 21 ratings
GET THIS BOOKA Behavioral Approach to Asset Pricing

Summary:
Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of understanding investor behavior and stock market activity. Incorporating the latest research and theory, Shefrin offers both a strong theory and efficient empirical tools that address derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio. The book provides a series of examples to illustrate the theory. The second edition continues the tradition of the first edition by being the one and only book to focus completely on how behavioral finance principles affect asset pricing, now with its theory deepened and enriched by a plethora of research since the first edition


A Behavioral Approach to Asset Pricing

A Behavioral Approach to Asset Pricing
  • Author : Hersh Shefrin
  • Publisher : Elsevier
  • Release : 19 May 2008
GET THIS BOOKA Behavioral Approach to Asset Pricing

Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of understanding investor behavior and stock market activity. Incorporating the latest research and theory, Shefrin offers both a strong theory and efficient empirical tools that address derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio. The book provides a series of examples to illustrate the theory. The second edition continues the tradition of the first edition



Behavioral Finance and Capital Markets

Behavioral Finance and Capital Markets
  • Author : A. Szyszka
  • Publisher : Springer
  • Release : 04 September 2013
GET THIS BOOKBehavioral Finance and Capital Markets

Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral Finance and Capital Markets reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. Szyszka presents and classifies many of the dynamic arguments being made in the current literature on the


Behavioralizing Finance

Behavioralizing Finance
  • Author : Hersh Shefrin
  • Publisher : Now Publishers Inc
  • Release : 01 March 2010
GET THIS BOOKBehavioralizing Finance

Behavioralizing Finance suggests that finance is moving to a new paradigm that combines structural features from neoclassical finance and realistic assumptions from behavioral finance. The behavioralization of finance involves intellectual shifts by two groups - the first shift features neoclassical economists explicitly incorporating psychological elements into their models and the second shift features behavioral economists developing a systematic, rigorous framework. Behavioralizing Finance starts by describing the highlights of the behavioral finance literature and identifying some of the weaknesses of this


Behavioral Finance

Behavioral Finance
  • Author : H. Kent Baker,John R. Nofsinger
  • Publisher : John Wiley & Sons
  • Release : 01 October 2010
GET THIS BOOKBehavioral Finance

A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices,


Behavioral Corporate Finance

Behavioral Corporate Finance
  • Author : Hersh Shefrin
  • Publisher : McGraw-Hill Education
  • Release : 13 March 2017
GET THIS BOOKBehavioral Corporate Finance

Behavioral Corporate Finance provides instructors with a comprehensive pedagogical approach for teaching students how behavioral concepts apply to corporate finance. The primary goal is to identify the key psychological obstacles to value maximizing behavior, along with steps that managers can take to mitigate the effects of these obstacles.


Popularity: A Bridge between Classical and Behavioral Finance

Popularity: A Bridge between Classical and Behavioral Finance
  • Author : Roger G. Ibbotson,Thomas M. Idzorek,Paul D. Kaplan,James X. Xiong
  • Publisher : CFA Institute Research Foundation
  • Release : 05 March 2021
GET THIS BOOKPopularity: A Bridge between Classical and Behavioral Finance

Classical and behavioral finance are often seen as being at odds, but the idea of “popularity” has been introduced as a way of reconciling the two approaches. Investors like or dislike various characteristics of securities for rational reasons (as in classical finance) or irrational reasons (as in behavioral finance), which makes the assets popular or unpopular. In the capital markets, popular (unpopular) securities trade at prices that are higher (lower) than they would be otherwise; hence, the shares may provide


Portfolio Theory and Management

Portfolio Theory and Management
  • Author : H. Kent Baker,Greg Filbeck
  • Publisher : Oxford University Press
  • Release : 07 March 2013
GET THIS BOOKPortfolio Theory and Management

Portfolio Theory and Management examines the foundations of portfolio management with the contributions of financial pioneers up to the latest trends. The book discusses portfolio theory and management both before and after the 2007-2008 financial crisis. It takes a global focus by highlighting cross-country differences and practices.


Postmodern Portfolio Theory

Postmodern Portfolio Theory
  • Author : James Ming Chen
  • Publisher : Springer
  • Release : 26 July 2016
GET THIS BOOKPostmodern Portfolio Theory

This survey of portfolio theory, from its modern origins through more sophisticated, “postmodern” incarnations, evaluates portfolio risk according to the first four moments of any statistical distribution: mean, variance, skewness, and excess kurtosis. In pursuit of financial models that more accurately describe abnormal markets and investor psychology, this book bifurcates beta on either side of mean returns. It then evaluates this traditional risk measure according to its relative volatility and correlation components. After specifying a four-moment capital asset pricing model,


CFA Program Curriculum 2018 Level III

CFA Program Curriculum 2018 Level III
  • Author : CFA Institute
  • Publisher : John Wiley & Sons
  • Release : 01 August 2017
GET THIS BOOKCFA Program Curriculum 2018 Level III

Apply CFA Program concepts and skills to real-world wealth and portfolio management for the 2018 exam The same official curricula that CFA Program candidates receive with program registration is now publicly available for purchase. CFA Program Curriculum 2018 Level III, Volumes 1-6 provides complete, authoritative guidance on synthesizing the entire CFA Program Candidate Body of Knowledge (CBOK) into professional practice for the 2018 exam. This book helps you bring together the skills and concepts from Levels I and II to formulate a detailed,


CFA Program Curriculum 2019 Level III Volumes 1-6 Box Set

CFA Program Curriculum 2019 Level III Volumes 1-6 Box Set
  • Author : CFA Institute
  • Publisher : John Wiley & Sons
  • Release : 24 August 2018
GET THIS BOOKCFA Program Curriculum 2019 Level III Volumes 1-6 Box Set

Apply CFA Program concepts and skills to real-world wealth and portfolio management for the 2019 exam The same official curricula that CFA Program candidates receive with program registration is now publicly available for purchase. CFA Program Curriculum 2019 Level III, Volumes 1-6 provides complete, authoritative guidance on synthesizing the entire CFA Program Candidate Body of Knowledge (CBOK) into professional practice for the 2019 exam. This book helps you bring together the skills and concepts from Levels I and II to formulate a detailed,


The Capital Asset Pricing Model in the 21st Century

The Capital Asset Pricing Model in the 21st Century
  • Author : Haim Levy
  • Publisher : Cambridge University Press
  • Release : 30 October 2011
GET THIS BOOKThe Capital Asset Pricing Model in the 21st Century

The Capital Asset Pricing Model (CAPM) and the mean-variance (M-V) rule, which are based on classic expected utility theory, have been heavily criticized theoretically and empirically. The advent of behavioral economics, prospect theory and other psychology-minded approaches in finance challenges the rational investor model from which CAPM and M-V derive. Haim Levy argues that the tension between the classic financial models and behavioral economics approaches is more apparent than real. This book aims to relax the tension between the two


CFA Program Curriculum 2020 Level III, Volumes 1 - 6

CFA Program Curriculum 2020 Level III, Volumes 1 - 6
  • Author : CFA Institute
  • Publisher : John Wiley & Sons
  • Release : 09 August 2019
GET THIS BOOKCFA Program Curriculum 2020 Level III, Volumes 1 - 6

Apply CFA Program concepts and skills to real-world wealth and portfolio management for the 2019 exam The same official curricula that CFA Program candidates receive with program registration is now publicly available for purchase. CFA Program Curriculum 2020 Level III, Volumes 1-6 provides complete, authoritative guidance on synthesizing the entire CFA Program Candidate Body of Knowledge (CBOK) into professional practice for the 2020 exam. This book helps you bring together the skills and concepts from Levels I and II to formulate a detailed,


Beyond Greed and Fear

Beyond Greed and Fear
  • Author : Hersh Shefrin
  • Publisher : Oxford University Press on Demand
  • Release : 05 March 2021
GET THIS BOOKBeyond Greed and Fear

"Shefrin synthesizes a wealth of research and observations about human behavior and financial anomalies into a broad and deep perspective on financial markets. No other book so splendidly lays out the fundamentals of behavioral finance."--Robert Shiller, Stanley B. Resor Professor of Economics, Cowles Foundation for Research in Economics, Yale University Even the best Wall Street investors make mistakes. No matter how savvy or experienced, all financialpractitioners eventually let bias, overconfidence, and emotion cloud their judgement and misguide their actions.


Finance for Normal People

Finance for Normal People
  • Author : Meir Statman
  • Publisher : Oxford University Press
  • Release : 03 April 2017
GET THIS BOOKFinance for Normal People

Finance for Normal People teaches behavioral finance to people like you and me - normal people, neither rational nor irrational. We are consumers, savers, investors, and managers - corporate managers, money managers, financial advisers, and all other financial professionals. The book guides us to know our wants-including hope for riches, protection from poverty, caring for family, sincere social responsibility and high social status. It teaches financial facts and human behavior, including making cognitive and emotional shortcuts and avoiding cognitive and