The Financial Consequences of Behavioural Biases
An Analysis of Bias in Corporate Finance and Financial Planning
Erschienen am 25. Oktober 2017
XV, 174 Seiten
978-3-319-69389-7 (ISBN)
Beschreibung
This book provides a concise analysis of behavioural biases and their implications for financial decision making. The book is written in the normative tradition, arguing strongly for the superiority of behavioural finance with respect to explaining observed phenomena in financial markets. It offers some unique features, including a discussion of the issue of conspiracy theory and how behavioural biases lead to belief in conspiracy theories. Lingering belief in the principles of neoclassical finance is attributed in part to the doctrine of publish or perish, which dominates contemporary academia. The offshoots of behavioural finance are discussed in detail, including ecological finance, environmental finance, social finance, experimental finance, neurofinance, and emotional finance. A comprehensive discussion of narcissism is presented where it is demonstrated that narcissistic behaviour is prevalent in the finance industry and that it led to the eruption of the global financial crisis.
Weitere Details
Reihe
Auflage
1st ed. 2017
Sprache
Englisch
Verlagsort
Cham
Schweiz
Verlagsgruppe
Springer International Publishing
Zielgruppe
Für Beruf und Forschung
Produkt-Hinweis
Reflowable
Illustrationen
XV, 174 p. 12 illus.
Dateigröße
3,04 MB
ISBN-13
978-3-319-69389-7 (9783319693897)
DOI
10.1007/978-3-319-69389-7
Schweitzer Klassifikation
Weitere Ausgaben
Andere Ausgaben
Imad A. Moosa | Vikash Ramiah
The Financial Consequences of Behavioural Biases
An Analysis of Bias in Corporate Finance and Financial Planning
Buch
11/2017
Palgrave Macmillan
58,84 €
Versand in 10-15 Tagen
Personen
Imad A. Moosa is Professor of Finance at RMIT University, Australia. Before coming to academia, he worked in investment banking for a period of ten years. He has published extensively in both economics and finance.
Vikash Ramiah is Associate Professor of Finance at the University of South Australia. He has published extensively in behavioural and environmental finance, and he is a research fellow for the Institute of Global Business and Society, TH Köln, and Tianjin Academy of Environmental Sciences.
Vikash Ramiah is Associate Professor of Finance at the University of South Australia. He has published extensively in behavioural and environmental finance, and he is a research fellow for the Institute of Global Business and Society, TH Köln, and Tianjin Academy of Environmental Sciences.
Inhalt
1. The Rise and Fall of Neoclassical Finance.- 2. The Rise and Rise of Behavioural Finance.- 3. Overconfidence and Self-Serving Bias.- 4. Loss Aversion Bias, the Disposition Effect and Representativeness Bias.- 5. Other Biases in the Behavioural Finance Literature.- 6. Recent Developments.- 7. Epilogue.
