Behavioral economics and behavioral finance / guest editors Wing-Keung Wong [and three others].

Format:

Book

Contributor:

Wong, Wing-Keung, editor.

Series:

Studies in Economics and Finance

Studies in Economics and Finance, 1086-7376 ; Volume 3

Language:

English

Subjects (All):

Economics--Psychological aspects.

Economics.

Physical Description:

1 online resource (169 pages)

Place of Publication:

[Place of publication not identified] : Emerald Publishing Limited, [2021]

Summary:

Both Behavioral Economics and Behavioral Finance are the milestones of modern development in both Economics and Finance because many empirical phenomena, anomalies, and paradoxes cannot be explained by traditional theories in Economics and Finance. For example, the Efficient Market Hypothesis concludes that no investor can perform better than the market because the hypothesis claims that all the information has been reflected in stock prices. Nonetheless, it is well known that some investors not only perform better than other investors but also outperform the market. Moreover, some anomalies and paradoxes, for example, the diversification puzzle, the Friedman-Savage paradox, overreaction, under-reaction, and excess volatility, could persist while some other anomalies could die off, for example, the January effect, and some could re-appear again.

Contents:

Cover

Guest editorial

The index of economic freedom: methodological matters

The stock-bond nexus and investors' behavior in mature and emerging markets

Behavioral analysis of long-term implied volatilities

Overconfidence and forecast accuracy

Does personality drive price bubbles?

Investing in lottery-like stocks in India

Effectiveness of filter trading as an intraday trading rule

Do lump-sum investing strategies really outperform dollar-cost averaging strategies?.

Notes:

Description based on print version record.

ISBN:

1-80262-346-9