Behavioral finance
作者: Jay R Ritter
作者单位: 1Department of Finance, School of Business Administration, University of Florida, PO Box 117168, Gainesville, FL 32611-7168, USA
刊名: Pacific-Basin Finance Journal, 2003, Vol.11 (4), pp.429-437
来源数据库: Elsevier Journal
DOI: 10.1016/S0927-538X(03)00048-9
关键词: Behavioral financeArbitragePsychologyMarket efficiency
原始语种摘要: Abstract(#br)This article provides a brief introduction to behavioral finance. Behavioral finance encompasses research that drops the traditional assumptions of expected utility maximization with rational investors in efficient markets. The two building blocks of behavioral finance are cognitive psychology (how people think) and the limits to arbitrage (when markets will be inefficient). The growth of behavioral finance research has been fueled by the inability of the traditional framework to explain many empirical patterns, including stock market bubbles in Japan, Taiwan, and the US.
全文获取路径: Elsevier  (合作)
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影响因子:0.571 (2012)

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关键词翻译
关键词翻译
  • finance 金融
  • inefficient 无能的
  • arbitrage 套汇
  • empirical 经验的
  • expected 预期
  • stock 岩株
  • market 市场
  • research 
  • efficiency 效率
  • traditional 传统