A Behavioral Approach to Asset Pricing

Hersh Shefrin - Collection Advanced Finance Series

510 pages, parution le 14/02/2005

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Résumé

A Behavioral Approach to Asset Pricing Theory examines the reigning assumptions of asset pricing theory and reconstructs them to incorporate findings from behavioral finance. It constructs a solid, intact structure that challenges classic assumptions and at the same time provides a strong theory and efficient empirical tools.

Building on the models developed by both traditional asset pricing theorists and behavioral asset pricing theorists, this book takes the discussion to the next step. The author provides a general behaviorally based intertemporal treatment of asset pricing theory that extends to the discussion of derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio.

Audience:
Graduate students and professors in finance, and professionals working with investment tools such as financial analysts and portfolio managers.

L'auteur - Hersh Shefrin

Hersh Shefrin , Mario Belotti Professor of Finance, Santa Clara University

Sommaire

Heuristics and Representativeness: Experimental Evidence
Heuristics and Representativeness: Investor Expectations
Developing Behavioral Asset Pricing Models
Heterogeneity in Risk Tolerance and Time Discounting
Sentiment and Behavioral SDF
Prospect Theory
Closure

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Elsevier, Academic Press
Auteur(s)	Hersh Shefrin
Collection	Advanced Finance Series
Parution	14/02/2005
Nb. de pages	510
Format	15,5 x 23,5
Couverture	Relié
Poids	940g
Intérieur	Noir et Blanc
EAN13	9780126393712
ISBN13	978-0-12-639371-2