Behavioral Finance and Capital Markets is popular PDF and ePub book, written by A. Szyszka in 2013-09-04, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Behavioral Finance and Capital Markets can be Read Online from any device for your convenience.
Behavioral Finance and Capital Markets Book PDF Summary
Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral Finance and Capital Markets reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. Szyszka presents and classifies many of the dynamic arguments being made in the current literature on the topic through the use of a new, ground-breaking methodology termed: the General Behavioral Asset Pricing Model (GBM). GBM describes how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior on the part of investors. The connection between psychological factors responsible for irrational behavior and market pricing anomalies is featured extensively throughout the text. Alternative explanations for various theoretical and empirical market puzzles - such as the 2008 U.S. financial crisis - are also discussed in a convincing and interesting manner. The book also provides interesting insights into behavioral aspects of corporate finance.
Detail Book of Behavioral Finance and Capital Markets PDF
- Author : A. Szyszka
- Release : 04 September 2013
- Publisher : Springer
- ISBN : 9781137366290
- Genre : Business & Economics
- Total Page : 417 pages
- Language : English
- PDF File Size : 8,5 Mb
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