Handbook of Behavioral Finance - Softcover

Softcover

ISBN 10: 0857930915 ISBN 13: 9780857930910

Publisher: Edward Elgar Publishing, 2012

Synopsis

'This book does an excellent job of presenting empirical evidence as to the role of selected psychological attributes on key investment behaviors and it should be valuable to investment professionals as a handbook. Professor Bruce has selected readings that clearly show that investors are more than logic machines. They have evolved brains which makes them susceptible to context and culture. The book wisely avoids making generalizations about a new behavioral financial paradigm which at this time is only in the early stages of development.'
- Robert A. Olsen, California State University, Chico

The Handbook of Behavioral Finance is a comprehensive, topical and concise source of cutting-edge research on recent developments in behavioral finance.

The Handbook is divided into three areas of interest. The first - Behavioral Biases - includes discussions on herding in the market, information processing and the disposition effect in investment decisions. In the second section - Behavior in the Investment Process - topics explored include the effects of higher transaction costs on traders' behavior, investor sentiment, overconfidence and active management, and behavior effects on forecasts. The final section - Global Behavior - looks at the effects of various aspects of behavioral finance in international markets including Malaysia, Finland, Australia and Brazil.

Consolidating a colossal amount of research into one volume, this Handbook will stimulate new interdisciplinary research for academics, build a body of knowledge about psychological influences on market behavior for finance students, and give practitioners a better understanding of psychological influences on the markets in order to improve investment decision making.

Contributors: L.F. Ackert, J. Agnew, K. Bachmann, T. Berry, N. Blasco, P. Calafiore, L.-L. Chong, B.K. Church, A.M. Cianci, P. Corredor, S.S. Culbertson, S. Davidson, K. Ely, T. Evans, D.M. Fazio, S. Ferreruela, S.O. Fogel, G. Francis, R. Garvey, C. Gort, T. Hens, D.C. Indro, H.J. Jeffrey, H. Kelley, E. Kirchler, M.-M. Lai, B. Lee, M. Lehenkari, B. Maciejovsky, J. Madura, A. Murphy, J. O'Brien, N. Okuyama, J. Perttunen, V. Ramiah, N. Richie, K. Sivaramakrishnan, G. Soydemir, L. Szykman, B.M. Tabak, S.-H. Tan, R. Verma, M. Wang, M. Weber, J. Yang, L. Zhu

About this title

About the Author:

Edited by Brian R. Bruce, Founding Director, Center for Investment Research, CEO and Chief Investment Officer, Hillcrest Asset Management, and Adjunct Professor, Baylor University, US

Review:

As suits the jointly academic and practitioner audience, the technical level is low without being facile. (The Handbook would be a suitable reference for a senior undergraduate or master's level class in behavioral finance). Most chapters present simple econometric modelling of experimental, survey or revealed preference data. . . chapters are concise, coherent and clearly written. --Susan Thorp, Journal of Pension Economics and Finance

The breadth and depth of Professor Bruce's knowledge of behavioral finance and its implications for, and applicability to, all facets of investment decisions makes him as qualified as anyone I know to produce this Handbook. Those who absorb the insights and knowledge that this Handbook offers will prosper. But without it, they will dull their competitive edge both as investors and as educators. I am actually jealous I did not produce this Handbook myself! --Arnold S. Wood, Martingale Asset Management

The Handbook of Behavioral Finance is a comprehensive source of cutting-edge research on recent developments in behavioral finance. --Long Range Planning

About this edition

• Publisher: Edward Elgar Publishing
• Publication date: 2012
• ISBN 10: 0857930915
• ISBN 13: 9780857930910
• Binding: Paperback
• Number of pages: 448
• Editor: Bruce Brian