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
Investor Behaviour

Investor Behaviour

Fellner, Gerlinde

Paperback

Business General

ISBN10: 3639075676
ISBN13: 9783639075670
Publisher: Blues Kids Of Amer
Published: Oct 6 2008
Pages: 144
Weight: 0.44
Height: 0.31 Width: 6.00 Depth: 9.00
Language: English
Financial markets frequently deviate from postulated efficiency, which is largely caused by the irrationalities of investors. This book contributes to the understanding of how investment strategies are driven by psychological forces. Two of the three presented studies provide evidence on the occurrence and consequences of egocentric biases, such as overconfidence and illusion of control. The third study provides a novel behavioural explanation for the equity home bias, an instance of internationally poorly diversified portfolios, based on social identity. The presented psychological phenomena can hardly be investigated with real financial market data. Hence, experimental methods are used to identify the fundamental cause-effect relationships in a controlled way. This book presents pieces of new evidence on decision making in the interdisciplinary field of economics, finance and psychology and provides insights into state-of-the-art experimental economics research.

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