{"product_id":"investor-behavior-9781118492987","title":"Investor Behavior","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eWINNER, Business: Personal Finance\/Investing, 2015 USA Best Book Awards\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eFINALIST, Business: Reference, 2015 USA Best Book Awards\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003eInvestor\u003ci\u003e Behavior\u003c\/i\u003e provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of investment research. The book should also be of interest to academics, investors, and students.\u003c\/p\u003e \u003cp\u003eThe book will cover the major principles of investor psychology, including heuristics, bounded rationality, regret theory, mental accounting, framing, prospect theory, and loss aversion. Specific sections of the book will delve into the role of perso\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e“Baker and Ricciardi have done an excellent job of soliciting articles that blend academic research with real-world applications that can be used by financial planners. \u003ci\u003eInvestor Behavior\u003c\/i\u003e is an excellent book for anyone who wishes to detour from the beaten path of behavioral finance and to implement what has been learned about investor psychology to better understand traders and assist clients.” \u003cbr\u003e — \u003ci\u003eFinancial Analysts Journal\u003c\/i\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Foundations of Investor Behavior\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Investor Behavior: An Overview 3\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eH. Kent Baker and Victor Ricciardi\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 3\u003c\/p\u003e \u003cp\u003eOrganization of the Book 11\u003c\/p\u003e \u003cp\u003eSummary 20\u003c\/p\u003e \u003cp\u003eReferences 21\u003c\/p\u003e \u003cp\u003eAbout the Authors 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Traditional and Behavioral Finance 25\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eLucy F. Ackert\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 25\u003c\/p\u003e \u003cp\u003eTraditional Finance 26\u003c\/p\u003e \u003cp\u003eBehavioral Finance 31\u003c\/p\u003e \u003cp\u003eSummary 39\u003c\/p\u003e \u003cp\u003eDiscussion Questions 39\u003c\/p\u003e \u003cp\u003eReferences 39\u003c\/p\u003e \u003cp\u003eAbout the Author 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Behavioral Economics, Thinking Processes, Decision-Making, and Investment Behavior 43\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMorris Altman\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 43\u003c\/p\u003e \u003cp\u003eBehavioral Economics, Heuristics, and Decision-Making 44\u003c\/p\u003e \u003cp\u003eInvestment Heuristics and Investing in Financial Assets 45\u003c\/p\u003e \u003cp\u003eThe Trust Heuristic and Decision-Making 48\u003c\/p\u003e \u003cp\u003eOther Critical Decision-Making Heuristics 49\u003c\/p\u003e \u003cp\u003eRational Investor Decision-Making in a World of Complex Information 56\u003c\/p\u003e \u003cp\u003eSummary 58\u003c\/p\u003e \u003cp\u003eDiscussion Questions 59\u003c\/p\u003e \u003cp\u003eReferences 59\u003c\/p\u003e \u003cp\u003eAbout the Author 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart two Personal Finance Issues\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Financial Literacy and Education 65\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMichael S. Finke and Sandra J. Huston\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 65\u003c\/p\u003e \u003cp\u003eExamples of Financial Literacy Measures 68\u003c\/p\u003e \u003cp\u003eFinancial Literacy and Behavior 71\u003c\/p\u003e \u003cp\u003eFinancial Literacy Education 75\u003c\/p\u003e \u003cp\u003eSummary 77\u003c\/p\u003e \u003cp\u003eDiscussion Questions 78\u003c\/p\u003e \u003cp\u003eReferences 78\u003c\/p\u003e \u003cp\u003eAbout the Authors 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Household Investment Decisions 83\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eVicki L. Bogan\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 83\u003c\/p\u003e \u003cp\u003eFinancial Market Participation 83\u003c\/p\u003e \u003cp\u003eMarket Friction Effects on Household Investment Behavior 85\u003c\/p\u003e \u003cp\u003eThe Effects of Behavioral Biases on Household Investment Behavior 87\u003c\/p\u003e \u003cp\u003eSummary 93\u003c\/p\u003e \u003cp\u003eDiscussion Questions 94\u003c\/p\u003e \u003cp\u003eReferences 94\u003c\/p\u003e \u003cp\u003eAbout the Author 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Personality Traits 99\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eLucia Fung and Robert B. Durand\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 99\u003c\/p\u003e \u003cp\u003eA Structural Model of Personality 100\u003c\/p\u003e \u003cp\u003eRisk-Taking Behavior 103\u003c\/p\u003e \u003cp\u003eOverconfidence 104\u003c\/p\u003e \u003cp\u003ePersonality and Gender 105\u003c\/p\u003e \u003cp\u003ePersonality as a Guide for Investors 107\u003c\/p\u003e \u003cp\u003eSummary 108\u003c\/p\u003e \u003cp\u003eDiscussion Questions 109\u003c\/p\u003e \u003cp\u003eReferences 109\u003c\/p\u003e \u003cp\u003eAbout the Authors 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Demographic and Socioeconomic Factors of Investors 117\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJames Farrell\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 117\u003c\/p\u003e \u003cp\u003eLiterature Review 118\u003c\/p\u003e \u003cp\u003eCase Study: The Florida Department of Education Employees 122\u003c\/p\u003e \u003cp\u003eSummary 131\u003c\/p\u003e \u003cp\u003eDiscussion Questions 132\u003c\/p\u003e \u003cp\u003eReferences 133\u003c\/p\u003e \u003cp\u003eAbout the Author 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 The Effect of Religion on Financial and Investing Decisions 135\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eWalid Mansour and Mouna Jlassi\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 135\u003c\/p\u003e \u003cp\u003eReligions and Economic Factors: Dependence or Bifurcation? 136\u003c\/p\u003e \u003cp\u003eReligion and Individual Investing Behavior 138\u003c\/p\u003e \u003cp\u003eSummary 147\u003c\/p\u003e \u003cp\u003eDiscussion Questions 147\u003c\/p\u003e \u003cp\u003eReferences 147\u003c\/p\u003e \u003cp\u003eAbout the Authors 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Money and Happiness: Implications for Investor Behavior 153\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJing Jian Xiao\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 153\u003c\/p\u003e \u003cp\u003eCan Money Buy Happiness? 154\u003c\/p\u003e \u003cp\u003eCan Happiness Buy Money? 162\u003c\/p\u003e \u003cp\u003eImplications for Investor Behavior 164\u003c\/p\u003e \u003cp\u003eSummary 165\u003c\/p\u003e \u003cp\u003eDiscussion Questions 165\u003c\/p\u003e \u003cp\u003eReferences 166\u003c\/p\u003e \u003cp\u003eAbout the Author 169\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Motivation and Satisfaction 171\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eLewis J. Altfest\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 171\u003c\/p\u003e \u003cp\u003eClassical Economic Motivation 171\u003c\/p\u003e \u003cp\u003eBehavioral Economic Motivation 173\u003c\/p\u003e \u003cp\u003eMaslow’s Hierarchy of Needs 175\u003c\/p\u003e \u003cp\u003eCriticism of Maslow’s Hierarchy of Needs 177\u003c\/p\u003e \u003cp\u003eHigher Level Motivation 179\u003c\/p\u003e \u003cp\u003eHumanism 181\u003c\/p\u003e \u003cp\u003eMaslow and Investment Management 182\u003c\/p\u003e \u003cp\u003ePersonal Finance Integration 183\u003c\/p\u003e \u003cp\u003eSummary 185\u003c\/p\u003e \u003cp\u003eDiscussion Questions 186\u003c\/p\u003e \u003cp\u003eReferences 187\u003c\/p\u003e \u003cp\u003eAbout the Author 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Financial Planning Concepts\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Policy-Based Financial Planning: Decision Rules for a Changing World 191\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eDave Yeske and Elissa Buie\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 191\u003c\/p\u003e \u003cp\u003eManaging Behavioral Biases in the Financial Planning Engagement 194\u003c\/p\u003e \u003cp\u003eA Process for Developing Financial Planning Policies 195\u003c\/p\u003e \u003cp\u003eApplicability of Financial Planning Policies 199\u003c\/p\u003e \u003cp\u003ePolicy-Based Financial Planning: The Strategic Perspective 201\u003c\/p\u003e \u003cp\u003eExample of Policies Derived through Stochastic Modeling 202\u003c\/p\u003e \u003cp\u003eSample Case Applications 203\u003c\/p\u003e \u003cp\u003eSummary 205\u003c\/p\u003e \u003cp\u003eDiscussion Questions 206\u003c\/p\u003e \u003cp\u003eReferences 206\u003c\/p\u003e \u003cp\u003eAbout the Authors 207\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Financial Counseling and Coaching 209\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJohn E. Grable and Kristy L. Archuleta\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 209\u003c\/p\u003e \u003cp\u003eFinancial Counseling: A Historical Perspective 210\u003c\/p\u003e \u003cp\u003eTheoretical Approaches: A Financial Counseling Perspective 215\u003c\/p\u003e \u003cp\u003eFinancial Counseling in the Twenty-First Century 221\u003c\/p\u003e \u003cp\u003eSummary 223\u003c\/p\u003e \u003cp\u003eDiscussion Questions 224\u003c\/p\u003e \u003cp\u003eReferences 225\u003c\/p\u003e \u003cp\u003eAbout the Authors 226\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Financial Therapy: De-Biasing and Client Behaviors 227\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJoseph W. Goetz and Jerry E. Gale\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 227\u003c\/p\u003e \u003cp\u003eWhat Is Financial Therapy? 229\u003c\/p\u003e \u003cp\u003eBrief History of Financial Therapy 231\u003c\/p\u003e \u003cp\u003eTheoretical Foundations for Financial Therapy 232\u003c\/p\u003e \u003cp\u003eThe Practice of Financial Therapy 237\u003c\/p\u003e \u003cp\u003eFuture Research and Practice 240\u003c\/p\u003e \u003cp\u003eSummary 240\u003c\/p\u003e \u003cp\u003eDiscussion Questions 241\u003c\/p\u003e \u003cp\u003eReferences 241\u003c\/p\u003e \u003cp\u003eAbout the Authors 243\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Transpersonal Economics 245\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRenée M. Snow\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 245\u003c\/p\u003e \u003cp\u003eHistorical and Spiritual Overview of Money 248\u003c\/p\u003e \u003cp\u003eThe Western Eco\/House 252\u003c\/p\u003e \u003cp\u003eAn Alternative Perspective 254\u003c\/p\u003e \u003cp\u003eThe Open Eco in Financial Planning 256\u003c\/p\u003e \u003cp\u003eSummary 260\u003c\/p\u003e \u003cp\u003eDiscussion Questions 261\u003c\/p\u003e \u003cp\u003eReferences 261\u003c\/p\u003e \u003cp\u003eAbout the Author 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Advising the Behavioral Investor: Lessons from the Real World 265\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eGregg S. Fisher\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 265\u003c\/p\u003e \u003cp\u003eRisk, Return, and the Investor: A Complex Relationship 266\u003c\/p\u003e \u003cp\u003eInvestments with People Problems 269\u003c\/p\u003e \u003cp\u003eThe Impact of Investor Behavior on Portfolios 272\u003c\/p\u003e \u003cp\u003eHow Advisors Can Help the Behavioral Investor 275\u003c\/p\u003e \u003cp\u003eTurning Bias into Benefit: How to Profit from Investor Behavior 278\u003c\/p\u003e \u003cp\u003eSummary 281\u003c\/p\u003e \u003cp\u003eDiscussion Questions 281\u003c\/p\u003e \u003cp\u003eReferences 282\u003c\/p\u003e \u003cp\u003eDisclosure 283\u003c\/p\u003e \u003cp\u003eAbout the Author 283\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Retirement Planning: Contributions from the Field of Behavioral Finance and Economics 285\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJames A. Howard and Rassoul Yazdipour\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 285\u003c\/p\u003e \u003cp\u003eA Life Cycle Financial Planning and Wealth Management Model 286\u003c\/p\u003e \u003cp\u003eDemographic and Macroeconomic Context 287\u003c\/p\u003e \u003cp\u003eBiases, Heuristics, and Framing Effects on Retirement Planning 288\u003c\/p\u003e \u003cp\u003eHyperbolic Discounting 291\u003c\/p\u003e \u003cp\u003eThe Role of the Brain in Financial Decision-Making 293\u003c\/p\u003e \u003cp\u003eFinancial Decision-Making Quality and Age 295\u003c\/p\u003e \u003cp\u003eThe Role of Self-Awareness and Self-Control 296\u003c\/p\u003e \u003cp\u003eTrust and Retirement Saving and Planning: The Basics 297\u003c\/p\u003e \u003cp\u003eTrust and Retirement Saving and Planning: The Decision 298\u003c\/p\u003e \u003cp\u003eTrust-Based Implications for Retirement Saving and Planning 299\u003c\/p\u003e \u003cp\u003eDiscussion Questions 302\u003c\/p\u003e \u003cp\u003eReferences 303\u003c\/p\u003e \u003cp\u003eAbout the Authors 305\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Knowing Your Numbers: A Scorecard Approach to Improved Medical and Financial Outcomes 307\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eTalya Miron-Shatz and Stephanie Gati\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 307\u003c\/p\u003e \u003cp\u003eThe Need for Better Control of Chronic Diseases 309\u003c\/p\u003e \u003cp\u003eThe Scorecard Approach 310\u003c\/p\u003e \u003cp\u003eTarget Population and Advantages 311\u003c\/p\u003e \u003cp\u003eContent of the Take Care Scorecard 311\u003c\/p\u003e \u003cp\u003eConsiderations for Health and Financial Literacy Scorecards 313\u003c\/p\u003e \u003cp\u003eLimitations 318\u003c\/p\u003e \u003cp\u003eImplications for Financial Literacy 318\u003c\/p\u003e \u003cp\u003eSummary 319\u003c\/p\u003e \u003cp\u003eDiscussion Questions 320\u003c\/p\u003e \u003cp\u003eReferences 320\u003c\/p\u003e \u003cp\u003eAbout the Authors 324\u003c\/p\u003e \u003cp\u003eAcknowledgment 324\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Investor Psychology\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Risk Perception and Risk Tolerance 327\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eVictor Ricciardi and Douglas Rice\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 327\u003c\/p\u003e \u003cp\u003eRisk Perception 328\u003c\/p\u003e \u003cp\u003eThe Relationship between Risk Perception and Risk Tolerance 329\u003c\/p\u003e \u003cp\u003eAn Overview of Risk Tolerance 329\u003c\/p\u003e \u003cp\u003eMeasurement of Risk Tolerance 332\u003c\/p\u003e \u003cp\u003eThe Role of Emotion in Risk Perception and Risk Tolerance 334\u003c\/p\u003e \u003cp\u003eRisk-Taking Behavior: The Influence of Market Moods, Business Cycles, and Economic Shocks 336\u003c\/p\u003e \u003cp\u003eUnresolved Issues in the Risk Domain 340\u003c\/p\u003e \u003cp\u003eSummary 341\u003c\/p\u003e \u003cp\u003eDiscussion Questions 342\u003c\/p\u003e \u003cp\u003eReferences 342\u003c\/p\u003e \u003cp\u003eAbout the Authors 345\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Emotions in the Financial Markets 347\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRichard Fairchild\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 347\u003c\/p\u003e \u003cp\u003eBehavioral Finance and Prospect Theory 348\u003c\/p\u003e \u003cp\u003eEmotions 350\u003c\/p\u003e \u003cp\u003eEmotions in the Financial Markets 351\u003c\/p\u003e \u003cp\u003eEmotional Finance and Unconscious Emotions 353\u003c\/p\u003e \u003cp\u003eEmotional Corporate Finance—A Formal Model 356\u003c\/p\u003e \u003cp\u003eSummary 360\u003c\/p\u003e \u003cp\u003eDiscussion Questions 361\u003c\/p\u003e \u003cp\u003eReferences 361\u003c\/p\u003e \u003cp\u003eAbout the Author 364\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Human Psychology and Market Seasonality 365\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eLisa A. Kramer\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 365\u003c\/p\u003e \u003cp\u003eMoods, Emotions, and Sentiment 366\u003c\/p\u003e \u003cp\u003eWeather, Mood, and Markets 366\u003c\/p\u003e \u003cp\u003eDaylight, Mood, and Markets 367\u003c\/p\u003e \u003cp\u003eDaylight Saving Time Changes, Mood, and Markets 373\u003c\/p\u003e \u003cp\u003eElation, Deflation, and Markets 374\u003c\/p\u003e \u003cp\u003eSummary 376\u003c\/p\u003e \u003cp\u003eDiscussion Questions 377\u003c\/p\u003e \u003cp\u003eReferences 377\u003c\/p\u003e \u003cp\u003eAbout the Authorr 380\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Neurofinance 381\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRichard L. Peterson\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 381\u003c\/p\u003e \u003cp\u003eNeuroscience Primer 382\u003c\/p\u003e \u003cp\u003eResearch Methods 385\u003c\/p\u003e \u003cp\u003eThe Neuroscience of Financial Decision-Making 387\u003c\/p\u003e \u003cp\u003eThe Implications of Neurofinance Research for Practitioners 395\u003c\/p\u003e \u003cp\u003eSummary 397\u003c\/p\u003e \u003cp\u003eDiscussion Questions 398\u003c\/p\u003e \u003cp\u003eReferences 398\u003c\/p\u003e \u003cp\u003eAbout the Author 401\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22 Diversification and Asset Allocation Puzzles 403\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eDimitris Georgarakos\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 403\u003c\/p\u003e \u003cp\u003eHousehold Stock Market Participation 404\u003c\/p\u003e \u003cp\u003eChanges in Household Portfolios across Time 407\u003c\/p\u003e \u003cp\u003eDifferences in Household Portfolios across Countries 408\u003c\/p\u003e \u003cp\u003ePortfolio Diversification 410\u003c\/p\u003e \u003cp\u003eHousehold Stock Trading Behavior 412\u003c\/p\u003e \u003cp\u003eSummary 415\u003c\/p\u003e \u003cp\u003eDiscussion Questions 416\u003c\/p\u003e \u003cp\u003eReferences 416\u003c\/p\u003e \u003cp\u003eAbout the Author 420\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23 Behavioral Portfolio Theory and Investment Management 421\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eErick W. Rengifo, Rossen Trendafilov, and Emanuela Trifan\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 421\u003c\/p\u003e \u003cp\u003eProspect Theory and Expected Utility Theory 421\u003c\/p\u003e \u003cp\u003eSafety-First Portfolio Theory 426\u003c\/p\u003e \u003cp\u003eSP\/A Theory 427\u003c\/p\u003e \u003cp\u003eBehavioral Portfolio Theory 430\u003c\/p\u003e \u003cp\u003eBehavioral Asset Pricing Model 432\u003c\/p\u003e \u003cp\u003eThe BAPM, CAPM, and Three-Factor Model 432\u003c\/p\u003e \u003cp\u003eSummary 435\u003c\/p\u003e \u003cp\u003eDiscussion Questions 435\u003c\/p\u003e \u003cp\u003eReferences 435\u003c\/p\u003e \u003cp\u003eAbout the Authors 438\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24 Post-Crisis Investor Behavior: Experience Matters 439\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJoseph V. Rizzi\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 439\u003c\/p\u003e \u003cp\u003eBehavioral Finance Framework 440\u003c\/p\u003e \u003cp\u003eHistory Dependent Risk Tolerance: The Collective Memory Hypothesis 446\u003c\/p\u003e \u003cp\u003eSummary 452\u003c\/p\u003e \u003cp\u003eDiscussion Questions 453\u003c\/p\u003e \u003cp\u003eReferences 453\u003c\/p\u003e \u003cp\u003eAbout the Author 455\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart five Trading and Investing Psychology and Strategies\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25 The Psychology of Trading and Investing 459\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJulia Pitters and Thomas Oberlechner\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 459\u003c\/p\u003e \u003cp\u003ePersonality Variables 461\u003c\/p\u003e \u003cp\u003eAffect and Cognition 463\u003c\/p\u003e \u003cp\u003eNews, Rumors, and Market Mood 470\u003c\/p\u003e \u003cp\u003eSummary 471\u003c\/p\u003e \u003cp\u003eDiscussion Questions 471\u003c\/p\u003e \u003cp\u003eReferences 472\u003c\/p\u003e \u003cp\u003eAbout the Authors 476\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26 The Surprising Real World of Traders’ Psychology 477\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eDenise K. Shull, Ken Celiano, and Andrew Menaker\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 477\u003c\/p\u003e \u003cp\u003eWhat Science Reveals about How People Think 478\u003c\/p\u003e \u003cp\u003eI Need to Be a Hero Again 485\u003c\/p\u003e \u003cp\u003eThe Heart of a Quant 487\u003c\/p\u003e \u003cp\u003eSummary 489\u003c\/p\u003e \u003cp\u003eDiscussion Questions 490\u003c\/p\u003e \u003cp\u003eReferences 490\u003c\/p\u003e \u003cp\u003eAbout the Authors 493\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 27 Trading and Investment Strategies in Behavioral Finance 495\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJohn M. Longo\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 495\u003c\/p\u003e \u003cp\u003eDistinction between Trading and Investment Strategies 496\u003c\/p\u003e \u003cp\u003eActive versus Passive Investment Strategies and Behavioral Finance 496\u003c\/p\u003e \u003cp\u003eAverage Investors Suffer from Behavioral Biases 498\u003c\/p\u003e \u003cp\u003eProblems with Traditional Investment Strategies 499\u003c\/p\u003e \u003cp\u003eShort-Term Behaviorally Based Trading Strategies 503\u003c\/p\u003e \u003cp\u003eLong-Term Behaviorally Based Investment Strategies 508\u003c\/p\u003e \u003cp\u003eCurrent and Future Trends in Behavioral Finance Strategies 509\u003c\/p\u003e \u003cp\u003eSummary 510\u003c\/p\u003e \u003cp\u003eDiscussion Questions 511\u003c\/p\u003e \u003cp\u003eReferences 511\u003c\/p\u003e \u003cp\u003eAbout the Author 512\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Six Special Investment Topics\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 28 Ethical and Socially Responsible Investing 515\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJulia M. Puaschunder\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 515\u003c\/p\u003e \u003cp\u003eSocially Responsible Investment 515\u003c\/p\u003e \u003cp\u003eHistorical Emergence 517\u003c\/p\u003e \u003cp\u003eInternational Differences 520\u003c\/p\u003e \u003cp\u003eInstitutional Harmonization of FSR 523\u003c\/p\u003e \u003cp\u003eSRI in the Post 2008−2009 World Financial Crisis Era of Globalization 524\u003c\/p\u003e \u003cp\u003eSummary 525\u003c\/p\u003e \u003cp\u003eDiscussion Questions 527\u003c\/p\u003e \u003cp\u003eReferences 527\u003c\/p\u003e \u003cp\u003eAbout the Author 532\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 29 Mutual Funds and Individual Investors: Advertising and Behavioral Issues 533\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJohn A. Haslem\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 533\u003c\/p\u003e \u003cp\u003eAdvertising and Performance 534\u003c\/p\u003e \u003cp\u003eAdvertising, Expenses, and Flows 535\u003c\/p\u003e \u003cp\u003eAdvertising, Emotions, and Choice 536\u003c\/p\u003e \u003cp\u003eBehavioral Persuasion In Advertising and Choice 539\u003c\/p\u003e \u003cp\u003eEducation, Financial Knowledge, and Choice 540\u003c\/p\u003e \u003cp\u003eEmotions, Behavior, and Choice 542\u003c\/p\u003e \u003cp\u003eEmotions, Behavioral Finance, and Choice 543\u003c\/p\u003e \u003cp\u003eFinancial Literacy and Active Management 544\u003c\/p\u003e \u003cp\u003ePrice and Performance Sensitivity and Repricing 546\u003c\/p\u003e \u003cp\u003eSentiment Contrarian Behavior and Actual Performance 548\u003c\/p\u003e \u003cp\u003eSummary 550\u003c\/p\u003e \u003cp\u003eDiscussion Questions 552\u003c\/p\u003e \u003cp\u003eReferences 552\u003c\/p\u003e \u003cp\u003eAbout the Author 553\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 30 Real Estate Investment Decision-Making in Behavioral Finance 555\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eEli Beracha and Hilla Skiba\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 555\u003c\/p\u003e \u003cp\u003eThe Real Estate Market and the General Economy 556\u003c\/p\u003e \u003cp\u003eReal Estate Market and Financial Market 556\u003c\/p\u003e \u003cp\u003eInefficiencies and the Real Estate Markets 557\u003c\/p\u003e \u003cp\u003eObserved Inefficiencies in Real Estate Markets 563\u003c\/p\u003e \u003cp\u003eSummary 569\u003c\/p\u003e \u003cp\u003eDiscussion Questions 569\u003c\/p\u003e \u003cp\u003eReferences 570\u003c\/p\u003e \u003cp\u003eAbout the Authors 572\u003c\/p\u003e \u003cp\u003eAnswers to the Discussion Questions 573\u003c\/p\u003e \u003cp\u003eIndex 615\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866372550999,"sku":"9781118492987","price":82.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118492987.jpg?v=1722278335","url":"https:\/\/bookcurl.com\/products\/investor-behavior-9781118492987","provider":"Book Curl","version":"1.0","type":"link"}