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Financial Behavior

Players, Services, Products, and Markets. Financial Markets and Investments

Format: Hardback
Publisher: Oxford University Press Inc, New York, United States
Published: 15th Jun 2017
Dimensions: w 170mm h 241mm d 38mm
Weight: 1104g
ISBN-10: 0190269995
ISBN-13: 9780190269999
Barcode No: 9780190269999
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Synopsis
Financial Behavior: Players, Services, Products, and Markets provides a synthesis of the theoretical and empirical literature on the financial behavior of major stakeholders, financial services, investment products, and financial markets. The book offers a different way of looking at financial and emotional well-being and processing beliefs, emotions, and behaviors related to money. The book provides important insights about cognitive and emotional biases that influence various financial decision-makers, services, products, and markets. With diverse concepts and topics, the book brings together noted scholars and practitioners so readers can gain an in-depth understanding about this topic from experts from around the world. In today's financial setting, the discipline of behavioral finance is an ever-changing area that continues to evolve at a rapid pace. This book takes readers through the core topics and issues as well as the latest trends, cutting-edge research developments, and real-world situations. Additionally, discussion of research on various cognitive and emotional issues is covered throughout the book. Thus, this volume covers a breadth of content from theoretical to practical, while attempting to offer a useful balance of detailed and user-friendly coverage. Those interested in a broad survey will benefit as will those searching for more in-depth presentations of specific areas within this field of study. As the seventh book in the Financial Markets and Investment Series, Financial Behavior: Players, Services, Products, and Markets offers a fresh looks at the fascinating area of financial behavior.

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The introduction by the editors says that behavioral finance studies the psychological influences of the decision-making process for individuals, groups, organizations and markets. It seeks to explain not just individual investment behavior, but market inefficiencies, stock market anomalies, and other occurrences that contradict the assumptions of traditional finance. Among the latter are that people act rationally, make unbiased judgments, and maximize their
self-interest a the rational underpinnings of the efficient market hypothesis. * Katherine Heires, GARP Risk Intelligence * It is arguably one of the most comprehensive presentations on the way the new paradigm of behavioral finance impacts the financial landscape and the microeconomics of agency. The text is unusual in both the extensive ground it covers and its potential readership... Essential. * S. J. Gabriel (Mount Holyoke College), Choice Reviews Vol 55. *