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Focusing on the psychological factors influencing exchange rate movements, this book explores the emerging field of behavioral economics. It argues that human behavior often strays from economic rationality due to incomplete information and limited cognitive processing abilities. The authors analyze how traders in foreign exchange markets utilize simple heuristics to navigate complex decision-making environments, highlighting the significance of these heuristics in understanding market dynamics.
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The Behavioral Economics of Foreign Exchange Markets, Robert Schmidt-Hebbel
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- Année de publication
- 2006
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