Handbook of Behavioral Finance by Brian Bruce (English) Hardcover Book

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

FORMATHardcover LANGUAGEEnglish CONDITIONBrand New Publisher Description

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.

Author Biography

Edited by Brian Bruce, Founding Director, Center for Investment Research and CEO and Chief Investment Officer, Hillcrest Asset Management, US

Table of Contents

Contents:PrefaceIntroductionBrian BrucePART I: BEHAVIORAL BIASES1. Framing Effects, Selective Information and Market Behavior: An Experimental AnalysisErich Kirchler, Boris Maciejovsky and Martin Weber2. Information Overload and Information Presentation in Financial Decision MakingJulie Agnew and Lisa Szykman3. Revealing the Information Content of Investment DecisionsNoriyuki Okuyama and Gavin Francis4. The Disposition Effect and Individual Investor Decisions: The Roles of Regret and Counterfactual AlternativesSuzanne O'Curry Fogel and Thomas Berry5. Overreaction of Exchange-Traded Funds During the Bubble of 1998–2002Jeff Madura and Nivine Richie6. Intentional Herding in Stock Markets: An Alternate Approach in an International ContextNatividad Blasco, Pilar Corredor and Sandra Ferreruela7. Psychic Distance in the Eight-year Crisis: An Empirical StudyLili Zhu and Jiawen YangPART II: BEHAVIOR IN THE INVESTMENT PROCESS8. The Effects of Higher Transaction Costs on Trader BehaviorRyan Garvey and Anthony Murphy9. Homo Communitatis: A Rigorous Foundation for Behavioral FinanceH. Joel Jeffrey10. Does Mutual Fund Flow Reflect Investor Sentiment?Daniel C. Indro11. The Impact of Motivational and Cognitive Factors on Optimistic Earnings ForecastsAnna M. Cianci and Satoris S. Culbertson12. Overconfidence and Active ManagementChristoph Gort and Mei Wang13. Availability Heuristic and Observed Bias in Growth Forecasts: Evidence from an Analysis of Multiple Business CyclesByunghwan Lee, John O'Brien and K. Sivaramakrishnan14. Weak and Strong Individual Forecasts: Additional Experimental EvidenceLucy F. Ackert, Bryan K. Church and Kirsten Ely15. Behavioral Finance and Investment AdviceKremena Bachmann and Thorsten HensPART III: GLOBAL BEHAVIOR16. Measuring the Impact of Behavioral Traders in the Market for Closed-end Country Funds from 2002 to 2009Hugh Kelley and Tom Evans17. Holding on to the Losers: Finnish EvidenceMirjam Lehenkari and Jukka Perttunen18. The Impact of Business and Consumer Sentiment on Stock Market Returns: Evidence from BrazilPablo Calafiore, Gökçe Soydemir and Rahul Verma19. The Information-Adjusted Noise Model: Theory and Evidence from the Australian Stock MarketSinclair Davidson and Vikash Ramiah20. Ambiguity Aversion and Illusion of Control in an Emerging Market: Are Individuals Subject to Behavioral Biases?Benjamin Miranda Tabak and Dimas Mateus Fazio21. Behavioral Finance in MalaysiaMing-Ming Lai, Lee-Lee Chong and Siow-Hooi TanIndex

Review

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

Review Quote

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

Details ISBN1848446519 Pages 448 Publisher Edward Elgar Publishing Ltd ISBN-10 1848446519 ISBN-13 9781848446519 Publication Date 2010-11-30 Series Elgar Original Reference Language English Year 2010 Media Book Format Hardcover DEWEY 332.6 Imprint Edward Elgar Publishing Ltd Place of Publication Cheltenham Country of Publication United Kingdom AU Release Date 2010-11-30 NZ Release Date 2010-11-30 UK Release Date 2010-11-30 Author Brian Bruce Edited by Brian Bruce Audience Professional & Vocational We've got this

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