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Human Behavior and the Efficiency of the Financial System / Robert J. Shiller.
- Format:
- Book
- Author/Creator:
- Shiller, Robert J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w6375.
- NBER working paper series no. w6375
- Language:
- English
- Subjects (All):
- Efficient market theory.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1998.
- Cambridge, Mass. : National Bureau of Economic Research, 1998.
- Summary:
- Recent literature in empirical finance is surveyed in its relation to underlying behavioral principles, principles which come primarily from psychology, sociology and anthropology. The behavioral principles discussed are: prospect theory, regret and cognitive dissonance mental compartments, overconfidence, over- and underreaction, representativeness heuristic disjunction effect, gambling behavior and speculation, perceived irrelevance of history thinking, quasi-magical thinking, attention anomalies, the availability heuristic contagion, and global culture.
- Notes:
- Print version record
- January 1998.
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