Asset Price Response to New Information

The Effects of Conservatism Bias and Representativeness Heuristic de

Éditeur :

Springer


Collection :

SpringerBriefs in Finance

Paru le : 2013-10-16

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Description
Asset Price Response to New Information examines the effect of two types of psychological biases (namely, conservatism bias and representativeness heuristic) on the asset price reaction to new information. The author constructs various models of a competitive securities market or a security market allowing for strategic interaction among traders to prove rigorously that either conservatism or representativeness is capable of generating both asset price overreaction and underreaction to new information. The results shed some new insights on the phenomena of the asset price overreaction and underreaction to new information. In the literature, very little has been published in this area of behavioral finance. This volume will appeal to graduate-level students and researchers in finance, behavioral finance, and financial engineering.
Pages
70 pages
Collection
SpringerBriefs in Finance
Parution
2013-10-16
Marque
Springer
EAN papier
9781461493686
EAN EPUB
9781461493693

Informations sur l'ebook
Nombre pages copiables
0
Nombre pages imprimables
7
Taille du fichier
809 Ko
Prix
52,74 €