Rumours in Financial Markets

Insights into Behavioral Finance

Mark Schindler - Collection Wiley Finance

216 pages, parution le 20/02/2007

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Résumé

On the trading floor, all action is based on news, therefore rumors in financial markets are an everyday phenomenon. Rumors are the oldest mass medium in the world and their nature is still difficult to grasp. Scientifically, not much is known about rumors, especially in the financial markets, where their consequences can have real money consequences. Rumors in Financial Markets provides a fresh insight to the topic, combining the theory of Behavioral Finance with that of Experimental Finance - a new and innovative scientific method which observes real decision makers in a controlled, clearly structured environment. Using the results from surveys and experiments, the author argues that rumors in the context of financial markets are built on three cornerstones: Finance, Psychology and Sociology. The book provides insights into how rumors evolve, spread and are traded on and provides explanations as to why volatility rockets, strong price movements, herding behavior for example, occur for apparently no good reason.

L'auteur - Mark Schindler

Mark Schindler has written his PhD on "Rumors in Financial Markets" at the Institute for Empirical Research in Economics at the University of Zurich under the supervision of Prof. Thorsten Hens and Prof. Ernst Fehr. Formerly he was working for Arthur Andersen in the area of Financial and Commodities Risk Consulting. He is currently a Funds of Hedge Funds manager for Bank Leu in Zurich.

Sommaire

Definitions and Characteristics of Rumors
Rumors and the Theory of Finance
Rumors and the Theory of Finance
Survey of Rumors in Financial Markets
Rumors Experiments
Conclusions and Outlook
Appendixes

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Mark Schindler
Collection	Wiley Finance
Parution	20/02/2007
Nb. de pages	216
Format	17 x 25
Couverture	Relié
Poids	520g
Intérieur	Noir et Blanc
EAN13	9780470031964
ISBN13	978-0-470-03196-4