
- 618 pages
- English
- PDF
- Available on iOS & Android
A Behavioral Approach to Asset Pricing
About this book
Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of understanding investor behavior and stock market activity. Incorporating the latest research and theory, Shefrin offers both a strong theory and efficient empirical tools that address derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio. The book provides a series of examples to illustrate the theory.- The second edition continues the tradition of the first edition by being the one and only book to focus completely on how behavioral finance principles affect asset pricing, now with its theory deepened and enriched by a plethora of research since the first edition
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Information
Table of contents
- Front Cover
- A Behavioral Approach to Asset Pricing
- Copyright Page
- Dedication Page
- Table of Contents
- Preface to Second Edition
- Preface to First Edition
- About the Author
- Chapter 1. Introduction
- Part I: Heuristics and Representativeness: Experimental Evidence
- Part II: Heuristics and Representativeness: Investor Expectations
- Part III: Developing Behavioral Asset Pricing Models
- Part IV: Heterogeneity in Risk Tolerance and Time Discounting
- Part V: Sentiment and Behavioral SDF
- Part VI: Applications of Behavioral SDF
- Part VII: Behavioral Preferences
- Part VIII: Future Directions and Closing Comments