Advances in Behavioral Finance, Volume II

Richard H. Thaler - Collection The Roundtable Series in Behavioral Economics

728 pages, parution le 27/06/2005

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Résumé

This book offers a definitive and wide-ranging overview of developments in behavioral finance over the past ten years. In 1993, the first volume provided the standard reference to this new approach in finance--an approach that, as editor Richard Thaler put it, "entertains the possibility that some of the agents in the economy behave less than fully rationally some of the time." Much has changed since then. Not least, the bursting of the Internet bubble and the subsequent market decline further demonstrated that financial markets often fail to behave as they would if trading were truly dominated by the fully rational investors who populate financial theories. Behavioral finance has made an indelible mark on areas from asset pricing to individual investor behavior to corporate finance, and continues to see exciting empirical and theoretical advances.

Advances in Behavioral Finance, Volume II constitutes the essential new resource in the field. It presents twenty recent papers by leading specialists that illustrate the abiding power of behavioral finance--of how specific departures from fully rational decision making by individual market agents can provide explanations of otherwise puzzling market phenomena. As with the first volume, it reaches beyond the world of finance to suggest, powerfully, the importance of pursuing behavioral approaches to other areas of economic life.

The contributors are Brad M. Barber, Nicholas Barberis, Shlomo Benartzi, John Y. Campbell, Emil M. Dabora, Daniel Kent, François Degeorge, Kenneth A. Froot, J. B. Heaton, David Hirshleifer, Harrison Hong, Ming Huang, Narasimhan Jegadeesh, Josef Lakonishok, Owen A. Lamont, Roni Michaely, Terrance Odean, Jayendu Patel, Tano Santos, Andrei Shleifer, Robert J. Shiller, Jeremy C. Stein, Avanidhar Subrahmanyam, Richard H. Thaler, Sheridan Titman, Robert W. Vishny, Kent L. Womack, and Richard Zeckhauser.

L'auteur - Richard H. Thaler

Richard H. Thaler, 73 ans, professeur à l'université de Chicago, est considéré, avec Daniel Kahneman, comme le père fondateur de l'économie comportementale. Il a reçu le prix en l'honneur d'Alfred Nobel (2017) pour l'ensemble des découvertes dont il retrace l'histoire dans ce livre.

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Sommaire

Limits to arbitrage
Stock Returns and the Equity Premium
Empirical Studies of Overreaction and Underreaction
Theories of Overreaction and Underreaction
Investor Behavior
Corporate Finance

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Princeton University Press
Auteur(s)	Richard H. Thaler
Collection	The Roundtable Series in Behavioral Economics
Parution	27/06/2005
Nb. de pages	728
Format	15,5 x 23,5
Couverture	Broché
Poids	855g
Intérieur	Noir et Blanc
EAN13	9780691121758
ISBN13	978-0-691-12175-8