Burton / Shah Behavioral Finance

Understanding the Social, Cognitive, and Economic Debates
1. Auflage 2013
ISBN: 978-1-118-33192-7
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 256 Seiten, E-Book

Reihe: Wiley Finance Editions

An in-depth look into the various aspects of behavioralfinance
Behavioral finance applies systematic analysis to ideas thathave long floated around the world of trading and investing. Yet itis important to realize that we are still at a very early stage ofresearch into this discipline and have much to learn. That is whyEdwin Burton has written Behavioral Finance: Understanding theSocial, Cognitive, and Economic Debates.
Engaging and informative, this timely guide contains valuableinsights into various issues surrounding behavioral finance. Topicsaddressed include noise trader theory and models, research intopsychological behavior pioneered by Daniel Kahneman and AmosTversky, and serial correlation patterns in stock price data. Alongthe way, Burton shares his own views on behavioral finance in orderto shed some much-needed light on the subject.
* Discusses the Efficient Market Hypothesis (EMH) and itshistory, and presents the background of the emergence of behavioralfinance
* Examines Shleifer's model of noise trading and explores otherliterature on the topic of noise trading
* Covers issues associated with anomalies and details serialcorrelation from the perspective of experts such as DeBondt andThaler
* A companion Website contains supplementary material that allowsyou to learn in a hands-on fashion long after closing the book
In order to achieve better investment results, we must firstovercome our behavioral finance biases. This book will put you in abetter position to do so.

Autoren/Hrsg.

Burton, Edwin

Shah, Sunit

Über Autor(innen)

EDWIN T. BURTON is a Professor of Economics at theUniversity of Virginia, where he has taught behavioral finance tomore than 1,800 students in the past six years. He is an activeinvestment consultant for pension funds and endowments and is aTrustee of the Virginia Retirement System. Burton's Wall Streethistory includes senior positions at Smith Barney, Rothschild Inc.,and Interstate/Johnson Lane. He has been an economics professorsince 1969 including eleven years on the faculty at CornellUniversity. Burton currently serves on two public company boards(SL Green Realty Corporation and Virginia National Bank) andnumerous private company boards. He first joined the faculty at theUniversity of Virginia in 1988. Burton received his doctorate fromNorthwestern University in economics and his undergraduate degreein economics from Rice University.
SUNIT N. SHAH's experience in finance includes sevenyears of financial modeling for Life Settlement Consulting andManagement, a position at Stanfield Capital Partners modelingmovements of credit spreads, and corporate finance analysis at theBoston Consulting Group for a billion-dollar household productscompany. Prior work also includes founder's roles in both a dot comand a financial start-up as well as consulting for firms such asInvesture, LLC and the CFA Institute. Over the past ten years, Shahhas taught a number of introductory, intermediate, and advancedundergraduate economics courses in microeconomics, statistics, andfinance. Shah received his doctorate in economics as well as hisbachelor's in mathematics and economics from the University ofVirginia.