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Behavioral finance

Limited Rationality in Financial Markets

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  • 400pages
  • 14 heures de lecture

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Over the last 50 years, neoclassical financial theory has been dominating our perception of what is happening in financial markets. It has spurred numerous valuable theories and concepts all based on the concept of Homo Economicus, the strictly rational economic man. However, humans do not always act in a strictly rational manner. For students and practitioners alike, our book aims at opening the door to another perspective on financial markets: a behavioral perspective based on a Homo Oeconomicus Humanus. This agent acts with limited rationality when making decisions. He/she uses heuristics and shortcuts and is prone to the influence of emotions. This sounds familiar in real life and can be transferred to what happens in financial markets, too.

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Behavioral finance, Rolf Daxhammer

Langue
Année de publication
2023
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Titre
Behavioral finance
Sous-titre
Limited Rationality in Financial Markets
Langue
Anglais
Éditeur
UVK Verlag
Publié
2023
Pages
400
ISBN10
3739831197
ISBN13
9783739831190
Séries
Mots clés
Nonfiction, Manuels
Description
Over the last 50 years, neoclassical financial theory has been dominating our perception of what is happening in financial markets. It has spurred numerous valuable theories and concepts all based on the concept of Homo Economicus, the strictly rational economic man. However, humans do not always act in a strictly rational manner. For students and practitioners alike, our book aims at opening the door to another perspective on financial markets: a behavioral perspective based on a Homo Oeconomicus Humanus. This agent acts with limited rationality when making decisions. He/she uses heuristics and shortcuts and is prone to the influence of emotions. This sounds familiar in real life and can be transferred to what happens in financial markets, too.