Pub. Date:
Oxford University Press, USA
Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing

Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing

by Hersh Shefrin
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Product Details

ISBN-13: 9780195304213
Publisher: Oxford University Press, USA
Publication date: 05/16/2007
Series: Financial Management Association Survey and Synthesis Series
Edition description: New Edition
Pages: 368
Sales rank: 377,407
Product dimensions: 9.20(w) x 6.10(h) x 1.30(d)

About the Author

Hersh Shefrin holds the Mario L. Belotti Chair in Finance at the Leavey School of Business, Santa Clara University.

Table of Contents

Part I: What Is Behavioral Finance
1. Introduction
2. Heuristic-Driven Bias: The First Theme
3. Frame Dependence: The Second Theme
4. Inefficient Markets: The Third Theme
Part II: Prediction
5. Trying to Predict the Market
6. Sentimental Journey: The Illusion of Validity
7. Picking Stocks to Beat the Market
8. Biased Reactions to Earnings Announcements
Part III: Individual Investors
9. "Get-Evenitis": Riding Losers Too Long
10. Portfolios, Pyramids, Emotions, and Biases
11. Retirement Saving: Myopia and Self-Control
Part IV: Institutional Investors
12. Open-Ended Mutual Funds: Misframing, "Hot Hands", and Obfuscation Games
13. Closed-End Funds: What Drives Discounts?
14. Fixed Income Securities: The Full Measure of Behavioral Phenomena
15. The Money Management Industry: Framing Effects, Style "Diversification", and Regret
Part V: The Interface between Corporate Finance and Investment
16. Corporate Takeovers and the Winner's Curse
17. IPOs: Initial Underpricing, Long-term Underperformance, and "Hot-Issue" Markets
18. Optimism in Analysts' Earnings Predictions and Stock Recommendations
Part VI: Options, Futures, and Foreign Exchange
19. Options: How They're Used, How They're Priced, and How They Reflect Sentiment
20. Commodity Futures: Orange Juice and Sentiment
21. Excessive Speculation in Foreign Exchange Markets
Final Remarks

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