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Behavioral Finance
Limited Rationality in Financial Markets
Buch von Rolf J. Daxhammer (u. a.)
Sprache: Englisch

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Beschreibung
Over the last 50 years, neoclassical financial theory has been dominating our perception of what is happening in financial markets. It has spurred numerous valuable theories and concepts all based on the concept of Homo Economicus, the strictly rational economic man. However, humans do not always act in a strictly rational manner.
For students and practitioners alike, our book aims at opening the door to another perspective on financial markets: a behavioral perspective based on a Homo Oeconomicus Humanus. This agent acts with limited rationality when making decisions. He/she uses heuristics and shortcuts and is prone to the influence of emotions. This sounds familiar in real life and can be transferred to what happens in financial markets, too.
Over the last 50 years, neoclassical financial theory has been dominating our perception of what is happening in financial markets. It has spurred numerous valuable theories and concepts all based on the concept of Homo Economicus, the strictly rational economic man. However, humans do not always act in a strictly rational manner.
For students and practitioners alike, our book aims at opening the door to another perspective on financial markets: a behavioral perspective based on a Homo Oeconomicus Humanus. This agent acts with limited rationality when making decisions. He/she uses heuristics and shortcuts and is prone to the influence of emotions. This sounds familiar in real life and can be transferred to what happens in financial markets, too.
Über den Autor
Dr. Rolf J. Daxhammer is professor for Financial Markets at ESB Business School, Reutlingen University. His teaching and research interests are International Financial Markets, Investment Banking and Behavioral Finance. In his consulting work he is engaged in projects in Private Wealth Management und Financial Nudging, amongst others.

Máté Facsar is Vice President Sales for Management Consulting & Professional Services Firms at FactSet, a global provider of integrated financial information and analytical applications. His close cooperation with Leaders in Asset and Wealth Management over the last decade enables him to monitor the application of Behavioral Finance and to address the challenges Portfolio Managers and Wealth Advisors face.

Zsolt Papp, Managing Director, is a senior investment specialist in Global Fixed Income, Currency and Commodities group of J.P.Morgan Asset Management, a global leader in asset management services.. He has 30 years' experience in the financial industry in the UK and Switzerland on the sell-side and buy-side, with a special focus on emerging markets.
Zusammenfassung
- concerns that humans do not always act in a strictly rational manner.
- opens the door to another perspective on financial markets
- includes the influence of emotions
Inhaltsverzeichnis
Section 1: The Homo Economicus in the center of Traditional Finance
1. How Traditional Finance shaped the Rational Economic Man
2. Limitations of the traditional finance theory
Section II: Recurring speculative bubbles - triggered by the Homo Oeconomicus Humanus
3. Investor behavior from the perspective of Behavioral Finance
4. Speculative bubbles as a sign of market anomalies
5. Historical speculative asset price bubbles
Section III: Homo Oeconomicus Humanus in information and decision making processes
6. Phases of decisions making
7. Limited rationality in the perception of information
8. Limited rationality in the processing of information
9. Limited rationality in investment decisions
Section IV: Applications of Behavioral Finance and recent developments
10. Applications of Behavioral Finance in Wealth Management
11. Application of Behavioral Finance in corporate management
12. Financial Nudging - behavioral approaches for better financial decisions
13. Further development of Behavioral Finance - a look into the future
Details
Erscheinungsjahr: 2023
Fachbereich: Betriebswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Seiten: 402
Inhalt: 402 S.
ISBN-13: 9783739831190
ISBN-10: 3739831197
Sprache: Englisch
Einband: Gebunden
Autor: Daxhammer, Rolf J.
Facsar, Mate
Papp, Zsolt Alexander
Auflage: 3rd edition
Hersteller: UVK
Uvk Verlag
Maße: 241 x 170 x 29 mm
Von/Mit: Rolf J. Daxhammer (u. a.)
Erscheinungsdatum: 31.01.2023
Gewicht: 0,894 kg
preigu-id: 120112051
Über den Autor
Dr. Rolf J. Daxhammer is professor for Financial Markets at ESB Business School, Reutlingen University. His teaching and research interests are International Financial Markets, Investment Banking and Behavioral Finance. In his consulting work he is engaged in projects in Private Wealth Management und Financial Nudging, amongst others.

Máté Facsar is Vice President Sales for Management Consulting & Professional Services Firms at FactSet, a global provider of integrated financial information and analytical applications. His close cooperation with Leaders in Asset and Wealth Management over the last decade enables him to monitor the application of Behavioral Finance and to address the challenges Portfolio Managers and Wealth Advisors face.

Zsolt Papp, Managing Director, is a senior investment specialist in Global Fixed Income, Currency and Commodities group of J.P.Morgan Asset Management, a global leader in asset management services.. He has 30 years' experience in the financial industry in the UK and Switzerland on the sell-side and buy-side, with a special focus on emerging markets.
Zusammenfassung
- concerns that humans do not always act in a strictly rational manner.
- opens the door to another perspective on financial markets
- includes the influence of emotions
Inhaltsverzeichnis
Section 1: The Homo Economicus in the center of Traditional Finance
1. How Traditional Finance shaped the Rational Economic Man
2. Limitations of the traditional finance theory
Section II: Recurring speculative bubbles - triggered by the Homo Oeconomicus Humanus
3. Investor behavior from the perspective of Behavioral Finance
4. Speculative bubbles as a sign of market anomalies
5. Historical speculative asset price bubbles
Section III: Homo Oeconomicus Humanus in information and decision making processes
6. Phases of decisions making
7. Limited rationality in the perception of information
8. Limited rationality in the processing of information
9. Limited rationality in investment decisions
Section IV: Applications of Behavioral Finance and recent developments
10. Applications of Behavioral Finance in Wealth Management
11. Application of Behavioral Finance in corporate management
12. Financial Nudging - behavioral approaches for better financial decisions
13. Further development of Behavioral Finance - a look into the future
Details
Erscheinungsjahr: 2023
Fachbereich: Betriebswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Seiten: 402
Inhalt: 402 S.
ISBN-13: 9783739831190
ISBN-10: 3739831197
Sprache: Englisch
Einband: Gebunden
Autor: Daxhammer, Rolf J.
Facsar, Mate
Papp, Zsolt Alexander
Auflage: 3rd edition
Hersteller: UVK
Uvk Verlag
Maße: 241 x 170 x 29 mm
Von/Mit: Rolf J. Daxhammer (u. a.)
Erscheinungsdatum: 31.01.2023
Gewicht: 0,894 kg
preigu-id: 120112051
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