Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Economic and Financial Psychology

Economic and Financial Psychology

Kudryavtsev, Andrey
Cohen, Gil
Hon-Snir, Shlomit

Paperback

Business General

ISBN10: 3659184187
ISBN13: 9783659184185
Publisher: Lap Lambert Academic Pub
Published: Jul 16 2012
Pages: 92
Weight: 0.32
Height: 0.22 Width: 6.00 Depth: 9.00
Language: English
This book provides new methodological, theoretical and applied insights into a continuously developing field of economic and financial psychology. It is based on a number of experimental and survey studies that demonstrate that economic and financial behavior is not necessarily completely rational, and may be considerably affected by various psychological stimuli, usually regarded as biases. Studies discussed in Part I employ experimental design and examine the effects of hindsight bias and anchoring bias on the perception of economic and financial information. In particular, they concentrate on the effects of pre-existing knowledge and perceived relevance of some of the randomly provided anchors on the magnitudes of the exhibited biases. Studies described in Part II are based on a survey among stock market investors and analyze the influence of disposition effect, herd behavior, availability heuristic, gambler's fallacy and hot hand fallacy on the mechanism of stock market decision-making. In particular, they deal with individual differences in the degrees of these biases and with the correlations between the magnitudes of the biases in the cross-section of market investors.

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