{"product_id":"behavioral-finance-isbn-9780470499115","title":"Behavioral Finance","description":"\u003cb\u003eA definitive guide to the growing field of behavioral finance\u003c\/b\u003e  \u003cp\u003eThis 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, \u003ci\u003eBehavioral Finance\u003c\/i\u003e 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, as well as investor behavior, corporate managerial behavior, and social influences.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUses a structured approach to put behavioral finance in perspective\u003c\/li\u003e \u003cli\u003eRelies on recent research findings to provide guidance through the maze of theories and concepts\u003c\/li\u003e \u003cli\u003eDiscusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eBehavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Foundation and Key Concepts 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Behavioral Finance: An Overview 3\u003cbr\u003e \u003ci\u003eH. Kent Baker, John R. Nofsinger\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e2 Traditional versus Behavioral Finance 23\u003cbr\u003e \u003ci\u003eRobert Bloomfield\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e3 Behavioral Finance: Application and Pedagogy in Business Education and Training 39\u003cbr\u003e \u003ci\u003eRassoul Yazdipour, James A. Howard\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e4 Heuristics or Rules of Thumb 57\u003cbr\u003e \u003ci\u003eHugh Schwartz\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e5 Neuroeconomics and Neurofinance 73\u003cbr\u003e \u003ci\u003eRichard L. Peterson\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e6 Emotional Finance: The Role of the Unconscious in Financial Decisions 95\u003cbr\u003e \u003ci\u003eRichard J. Taffler, David A. Tuckett\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e7 Experimental Finance 113\u003cbr\u003e \u003ci\u003eRobert Bloomfield, Alyssa Anderson\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e8 The Psychology of Risk 131\u003cbr\u003e \u003ci\u003eVictor Ricciardi\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e9 Psychological Influences on Financial Regulation and Policy 151\u003cbr\u003e \u003ci\u003eDavid Hirshleifer, Siew Hong Teoh\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Psychological Concepts and Behavioral Biases 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10 Disposition Effect 171\u003cbr\u003e \u003ci\u003eMarkku Kaustia\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e11 Prospect Theory and Behavioral Finance 191\u003cbr\u003e \u003ci\u003eMorris Altman\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e12 Cumulative Prospect Theory: Tests Using the Stochastic Dominance Approach 211\u003cbr\u003e \u003ci\u003eHaim Levy\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e13 Overconfidence 241\u003cbr\u003e \u003ci\u003eMarkus Glaser, Martin Weber\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e14 The Representativeness Heuristic 259\u003cbr\u003e \u003ci\u003eRichard J. Taffler\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e15 Familiarity Bias 277\u003cbr\u003e \u003ci\u003eHisham Foad\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e16 Limited Attention 295\u003cbr\u003e \u003ci\u003eSonya S. Lim, Siew Hong Teoh\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e17 Other Behavioral Biases 313\u003cbr\u003e \u003ci\u003eMichael Dowling, Brian Lucey\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Behavioral Aspects of Asset Pricing 331\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18 Market Inefficiency 333\u003cbr\u003e \u003ci\u003eRaghavendra Rau\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e19 Belief- and Preference-Based Models 351\u003cbr\u003e \u003ci\u003eAdam Szyszka\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Behavioral Corporate Finance 373\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20 Enterprise Decision Making as Explained in Interview-Based Studies 375\u003cbr\u003e \u003ci\u003eHugh Schwartz\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e21 Financing Decisions 393\u003cbr\u003e \u003ci\u003eJasmin Gider, Dirk Hackbarth\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e22 Capital Budgeting and Other Investment Decisions 413\u003cbr\u003e \u003ci\u003eSimon Gervais\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e23 Dividend Policy Decisions 435\u003cbr\u003e \u003ci\u003eItzhak Ben-David\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e24 Loyalty, Agency Conflicts, and Corporate Governance 453\u003cbr\u003e \u003ci\u003eRandall Morck\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e25 Initial Public Offerings 475\u003cbr\u003e \u003ci\u003eFrançois Derrien\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e26 Mergers and Acquisitions 491\u003cbr\u003e \u003ci\u003eMing Dong\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V Investor Behavior 511\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e27 Trust Behavior: The Essential Foundation of Financial Markets 513\u003cbr\u003e \u003ci\u003eLynn A. Stout\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e28 Individual Investor Trading 523\u003cbr\u003e \u003ci\u003eNing Zhu\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e29 Individual Investor Portfolios 539\u003cbr\u003e \u003ci\u003eValery Polkovnichenko\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e30 Cognitive Abilities and Financial Decisions 559\u003cbr\u003e \u003ci\u003eGeorge M. Korniotis, Alok Kumar\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e31 Pension Participant Behavior 577\u003cbr\u003e \u003ci\u003eJulie Richardson Agnew\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e32 Institutional Investors 595\u003cbr\u003e \u003ci\u003eTarun Ramadorai\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e33 Derivative Markets 613\u003cbr\u003e \u003ci\u003ePeter Locke\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI Social Influences 629\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e34 The Role of Culture in Finance 631\u003cbr\u003e \u003ci\u003eRohan Williamson\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e35 Social Interactions and Investing 647\u003cbr\u003e \u003ci\u003eMark S. Seasholes\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e36 Mood 671\u003cbr\u003e \u003ci\u003eTyler Shumway\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VII Answers to Chapter Discussion Questions 681\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIndex 727\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eH. KENT BAKER, P\u003csmall\u003eH\u003c\/small\u003eD, CFA, CMA,\u003c\/b\u003e is University Professor of Finance and Kogod Research Professor at the Kogod School of Business, American University. He has published extensively in leading academic and professional finance journals including the \u003ci\u003eJournal of Finance Journal of Financial and Quantitative Analysis,Financial Management, Financial Analysts Journal, Journal of Portfolio Management,\u003c\/i\u003e and \u003ci\u003eHarvard Business Review.\u003c\/i\u003e Professor Baker is recognized as one of the most prolific authors in finance during the past fifty years. He has consulting and training experience with more than 100 organizations and has been listed in fifteen biographies.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJOHN R. NOFSINGER\u003c\/b\u003e is an Associate Professor of Finance and Nihoul Faculty Fellow at Washington State University. He is one of the world's leading experts in behavioral finance and is a frequent speaker on this topic at investment management conferences, universities, and academic conferences. Nofsinger has often been quoted or appeared in the financial media, including the \u003ci\u003eWall Street Journal, Financial Times, Fortune, BusinessWeek,\u003c\/i\u003e Bloomberg, and CNBC. He writes a blog called \"Mind on My Money\" at psychologytoday.com.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003eBEHAVIORAL FINANCE\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eThe Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals. As part of the Robert W. Kolb Series in Finance, Behavioral Finance aims to provide a comprehensive understanding of the key themes associated with this growing field and how they can be applied to investments, corporations, markets, regulations, and education.  \u003c\/p\u003e\u003cp\u003eBehavioral finance has the potential to explain not only how people make financial decisions and how markets function, but also how to improve them. This book provides invaluable insights into behavioral finance, its psychological foundations, and its applications to finance.  \u003c\/p\u003e\u003cp\u003eComprising contributed chapters by a distinguished group of academics and practitioners, Behavioral Finance provides a synthesis of the most essential elements of this discipline. It puts behavioral finance in perspective by detailing the current state of research in this area and offers practical guidance on applying the information found here to real-world situations.  \u003c\/p\u003e\u003cp\u003eBehavioral finance has increasingly become part of mainstream finance. If you intend on gaining a better understanding of this discipline, look no further than this book.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988800520421,"sku":"NP9780470499115","price":105.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470499115.jpg?v=1761781638","url":"https:\/\/k12savings.com\/products\/behavioral-finance-isbn-9780470499115","provider":"K12savings","version":"1.0","type":"link"}