Behavioural Finance and Its Postulates

Behavioural Finance

An introduction to behavioural finance.

Behavioural Finance: A Review and Synthesis

I provide a synthesis of the Behavioural finance literature over the past two decades. I review the literature in three parts, namely, (i) empirical and theoretical analyses of patterns in the cross-section of average stock returns, (ii) studies on trading activity, and (iii) research in corporate finance. Behavioural finance is an exciting new field because it presents a number of normative im...

BEHAVIOURAL FINANCE: A BACKROUND BRIEFING Professor

The principal purpose of this paper is to provide a background briefing on behavioural finance (BF) for those unfamiliar with this significant paradigm shift underway in finance scholarship. The paper synthesises and summarises a rapidly burgeoning literature on BF which, presently, is not as accessible as that concerned with modern finance theory. Attention is first given to what is meant by t...

Behavioral finance: Its history and its future

Cognitive Finance: Behavioural Strategies of Spending, Saving, and Investing

Research in economics is increasingly open to empirical results. The advances in behavioural approaches are expanded here by applying cognitive methods to financial questions. The field of “cognitive finance” is approached by the exploration of decision strategies in the financial settings of spending, saving, and investing. Individual strategies in these different domains are searched for and ...