Financial Behavior
Players, Services, Products, and Markets
Published on 15. June 2017
Book
Hardback
680 pages
978-0-19-026999-9 (ISBN)
Description
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.
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.
Reviews / Votes
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. *More details
Series
Language
English
Place of publication
New York
United States
Target group
College/higher education
Dimensions
Height: 240 mm
Width: 161 mm
Thickness: 40 mm
Weight
1165 gr
ISBN-13
978-0-19-026999-9 (9780190269999)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
H. Kent Baker | Greg Filbeck | Victor Ricciardi
Financial Behavior
Players, Services, Products, and Markets
E-Book
05/2017
1st Edition
OUP eBook
€59.99
Available for download
H. Kent Baker | Greg Filbeck | Victor Ricciardi
Financial Behavior
Players, Services, Products, and Markets
E-Book
05/2017
1st Edition
OUP eBook
€76.49
Available for download
Persons
H. Kent Baker is University Professor of Finance and Kogod Research Professor, Kogod School of Business, American University, and one of the most prolific finance academics.
Greg Filbeck is Samuel P. Black III Professor of Finance and Risk Management, Penn State Erie, The
Behrend College, and serves as the Interim Director for the Black School of Business.
Victor Ricciardi specializes in current trends in behavioral finance as Assistant Professor of Financial Management, Goucher College, and Coordinator of Behavioral and Experimental Research for the Social Science Research Network (SSRN).
Greg Filbeck is Samuel P. Black III Professor of Finance and Risk Management, Penn State Erie, The
Behrend College, and serves as the Interim Director for the Black School of Business.
Victor Ricciardi specializes in current trends in behavioral finance as Assistant Professor of Financial Management, Goucher College, and Coordinator of Behavioral and Experimental Research for the Social Science Research Network (SSRN).
Editor
University Professor of Finance and Kogod Research ProfessorUniversity Professor of Finance and Kogod Research Professor, Kogod School of Business, American University, Washington DC
Samuel P. Black III Professor of Finance and Risk ManagementSamuel P. Black III Professor of Finance and Risk Management, Penn State Erie, The Behrend College, Erie, PA
Assistant Professor of Financial ManagementAssistant Professor of Financial Management, Goucher College
Content
Contents
List of Figures
List of Tables
About the Editors
About the Contributors
Abbreviations
Part One FINANCIAL BEHAVIOR AND PSYCHOLOGY
1. Financial Behavior: An Overview
H. Kent Baker, Greg Filbeck, and Victor Ricciardi
2. The Financial Psychology of Players, Services, and Products
Victor Ricciardi
Part Two THE FINANCIAL BEHAVIOR OF MAJOR PLAYERS
3. Individual Investors
Henrik Cronqvist and Danling Jiang
4. Institutional Investors
Alexandre Skiba and Hilla Skiba
5. Corporate Executives, Directors, and Boards
John R. Nofsinger and Pattanaporn Chatjuthamard
6. Financial Planners and Advisors
Benjamin F. Cummings
7. Financial Analysts
Susan M. Young
8. Portfolio Managers
Erik Devos, Andrew C. Spieler, and Joseph M. Tenaglia
9. Financial Psychopaths
Deborah W. Gregory
Part Three FINANCIAL AND INVESTOR PSYCHOLOGY OF SPECIFIC PLAYERS
10. The Psychology of High Net Worth Individuals
Rebecca Li-Huang
11. The Psychology of Traders
Duccio Martelli
12. A Closer Look at Frequent Trader
Michal Strahivevitz
13. The Psychology of Women Investors
Marguerita M. Cheng, and Sameer S. Somal
14. The Financial Psychology of Millennials
April Rudin and Catherine McBreen
Part Four THE PSYCHOLOGY OF FINANCIAL SERVICES
15. Psychological Aspect of Financial Planning
Dave Yeske and Elissa Buie
16. Financial Advisory Services
Jeroen Nieboer, Paul Dolan, and Ivo Vlaev
17. Insurance and Risk Management
James M. Moten Jr. and C. W. Copeland
18. Psychological Factors in Estate Planning
John Guerin and L. Paul Hood
19. Individual Biases in Retirement Planning and Wealth Management
James E. Brewer Jr., and Charles Self III
Part Five THE BEHAVIORAL ASPECTS OF INVESTMENT PRODUCTS AND MARKETS
20. Traditional Asset Allocation Securities: Stocks, Bonds, Real Estate, and Cash
Christopher Milliken, Ehsan Nikbakht, and Andrew Spieler
21. Behavioral Aspects of Mutual Funds, Exchange-Traded Funds, Hedge Funds, and
Pension Funds
Nathan Mauck
22. Current Trends in Successful International Mergers and Acquisitions
Nancy Hubbard
23. Art and Collectibles Management
Peter J. May
Part Six MARKET EFFICIENCY ISSUES
24. Behavioral Finance Market Hypothesis
Alex Plastun
25. Stock Market Anomalies
Steve Fan and Linda Yu
26. The Psychology of Speculation in Financial Markets
Victor Ricciardi
27. Can Humans Dance with Machines? Institutional Investors, High Frequency Trading, and Modern Markets Dynamics
Irene Aldridge
Part Seven THE APPLICATION AND FUTURE OF BEHAVIORAL FINANCE
28. Applications of Client Behavior: A Practitioner's Perspective
Harold Evensky
29. Practical Challenges of Implementing Behavioral Finance: Reflections from the Field
Greg B. Davies and Peter Brooks
30. The Future of Behavioral Finance
Michael Dowling and Brian Lucey
Discussion Questions and Answers
Index
List of Figures
List of Tables
About the Editors
About the Contributors
Abbreviations
Part One FINANCIAL BEHAVIOR AND PSYCHOLOGY
1. Financial Behavior: An Overview
H. Kent Baker, Greg Filbeck, and Victor Ricciardi
2. The Financial Psychology of Players, Services, and Products
Victor Ricciardi
Part Two THE FINANCIAL BEHAVIOR OF MAJOR PLAYERS
3. Individual Investors
Henrik Cronqvist and Danling Jiang
4. Institutional Investors
Alexandre Skiba and Hilla Skiba
5. Corporate Executives, Directors, and Boards
John R. Nofsinger and Pattanaporn Chatjuthamard
6. Financial Planners and Advisors
Benjamin F. Cummings
7. Financial Analysts
Susan M. Young
8. Portfolio Managers
Erik Devos, Andrew C. Spieler, and Joseph M. Tenaglia
9. Financial Psychopaths
Deborah W. Gregory
Part Three FINANCIAL AND INVESTOR PSYCHOLOGY OF SPECIFIC PLAYERS
10. The Psychology of High Net Worth Individuals
Rebecca Li-Huang
11. The Psychology of Traders
Duccio Martelli
12. A Closer Look at Frequent Trader
Michal Strahivevitz
13. The Psychology of Women Investors
Marguerita M. Cheng, and Sameer S. Somal
14. The Financial Psychology of Millennials
April Rudin and Catherine McBreen
Part Four THE PSYCHOLOGY OF FINANCIAL SERVICES
15. Psychological Aspect of Financial Planning
Dave Yeske and Elissa Buie
16. Financial Advisory Services
Jeroen Nieboer, Paul Dolan, and Ivo Vlaev
17. Insurance and Risk Management
James M. Moten Jr. and C. W. Copeland
18. Psychological Factors in Estate Planning
John Guerin and L. Paul Hood
19. Individual Biases in Retirement Planning and Wealth Management
James E. Brewer Jr., and Charles Self III
Part Five THE BEHAVIORAL ASPECTS OF INVESTMENT PRODUCTS AND MARKETS
20. Traditional Asset Allocation Securities: Stocks, Bonds, Real Estate, and Cash
Christopher Milliken, Ehsan Nikbakht, and Andrew Spieler
21. Behavioral Aspects of Mutual Funds, Exchange-Traded Funds, Hedge Funds, and
Pension Funds
Nathan Mauck
22. Current Trends in Successful International Mergers and Acquisitions
Nancy Hubbard
23. Art and Collectibles Management
Peter J. May
Part Six MARKET EFFICIENCY ISSUES
24. Behavioral Finance Market Hypothesis
Alex Plastun
25. Stock Market Anomalies
Steve Fan and Linda Yu
26. The Psychology of Speculation in Financial Markets
Victor Ricciardi
27. Can Humans Dance with Machines? Institutional Investors, High Frequency Trading, and Modern Markets Dynamics
Irene Aldridge
Part Seven THE APPLICATION AND FUTURE OF BEHAVIORAL FINANCE
28. Applications of Client Behavior: A Practitioner's Perspective
Harold Evensky
29. Practical Challenges of Implementing Behavioral Finance: Reflections from the Field
Greg B. Davies and Peter Brooks
30. The Future of Behavioral Finance
Michael Dowling and Brian Lucey
Discussion Questions and Answers
Index