The DOI matches its Crossref record; 13 of the 13 references it cites were found in a registry or an index.
Chapter 20 Human behavior and the efficiency of the financial system
Open accessAbstract
Recent literature in empirical finance is surveyed in its relation to underlying behavioral principles, principles which come primarily from psychology, sociology, and anthropology. The behavioral principles discussed are: prospect theory, regret and cognitive dissonance, anchoring, mental compartments, overconfidence, over- and under-reaction, representativeness heuristic, the disjunction effect, gambling behavior and speculation, perceived irrelevance of history, magical thinking, quasi-magical thinking, attention anomalies, the availability heuristic, culture and social contagion, and global culture.
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Cites
Prospect Theory: An Analysis of Decision under Risk
Kahneman, D., & Tversky, A. (1979) · Econometrica · doi:10.2307/1914185 · Cited by 48,524
The pricing of options and corporate liabilities
Black, F., & Scholes, M. (1973) · Journal of Political Economy · doi:10.1086/260062 · Cited by 29,074
Tversky, A., & Kahneman, D. (1974) · Science · doi:10.1126/science.185.4157.1124 · Cited by 28,810
Advances in prospect theory: Cumulative representation of uncertainty
Tversky, A., & Kahneman, D. (1992) · Journal of Risk and Uncertainty · doi:10.1007/bf00122574 · Cited by 15,467
Efficient capital markets: A review of theory and empirical work
Fama, E. F. (1970) · The Journal of Finance · doi:10.2307/2325486 · Cited by 13,635
Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency
JEGADEESH, N., & TITMAN, S. (1993) · The Journal of Finance · doi:10.1111/j.1540-6261.1993.tb04702.x · Cited by 11,584
FAMA, E. F. (1991) · The Journal of Finance · doi:10.1111/j.1540-6261.1991.tb04636.x · Cited by 5,350
Shleifer, A., & Vishny, R. W. (1997) · The Journal of Finance · doi:10.1111/j.1540-6261.1997.tb03807.x · Cited by 5,291
Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty
Loomes, G., & Sugden, R. (1982) · The Economic Journal · doi:10.2307/2232669 · Cited by 4,042
Calibration of probabilities: the state of the art to 1980
Lichtenstein, S., Fischhoff, B., & Phillips, L. D. (1982) · Judgment under Uncertainty · doi:10.1017/cbo9780511809477.023 · Cited by 1,967
Cited by
Investor Psychology and Asset Pricing
(2001) · The Journal of Finance · doi:10.1111/0022-1082.00379 · Cited by 2,357
Investor psychology in capital markets: evidence and policy implications
Daniel, K., Hirshleifer, D., & Teoh, S. H. (2002) · Journal of Monetary Economics · doi:10.1016/s0304-3932(01)00091-5 · Cited by 759
The Behavior of Individual Investors
Barber, B. M., & Odean, T. (2013) · Handbook of the Economics of Finance · doi:10.1016/b978-0-44-459406-8.00022-6 · Cited by 750
PETKOVA, R., & ZHANG, L. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.12.001 · Cited by 687
Hirshleifer, D. (2015) · Annual Review of Financial Economics · doi:10.1146/annurev-financial-092214-043752 · Cited by 497
Metadata
- Venue
- Handbook of Macroeconomics
- Publisher
- Elsevier
- Published
- 1999
- Pages
- 1305-1340
- ISSN
- 1574-0048 (ISSN-L)
- OpenAlex
- W1532734371
- Cited by
- 212
- References
- 13
- FWCI
- 14.65
- Type
- book chapter
- Language
- en
- Open access
- hybrid
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