Thaler, R.H., (1993), Advances in Behavioral Finance, New York, Russel Sage Foundation. Home/Search Document Not in Database Summary Related Articles Check |
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Thesis Proposal - Thomas (2000) (Correct)
....that show abnormally large gains over the long run. One widely studied phenomenon, documented by Debont and Thaler [3] is that stocks that have been underperforming the market for a few years tend to to overperform the market over the next few years. There are lots of papers in this genre (see [22] for a nice collection of papers) Recently, another approach to exploring the efficient market hypothesis has arisen: instead of looking for classes of mispriced equities, economists look for trading strategies that produce out of sample excess profits against a passive strategy of buying and ....
Richard H. Thaler. Advances in Behavioral Finance. Russell Sage Foundation, 1993.
Frontiers of Finance: Evolution and Efficient Markets - Farmer, Lo (1999) (1 citation) (Correct)
....agents compete and adapt, but they do not necessarily do so in an optimal fashion. The desire to build financial theories based on more realistic assumptions has led to several new strands of literature, including psychological approaches to risk taking behavior [Kahneman and Tversky (1979) Thaler (1993), Lo (1999) evolutionary game theory [Friedman (1991) and agent based modeling of financial markets [Arthur et al. 1997) Chan et al. 1998) Although substantially different in methods and style, these emerging sub fields are all directed at new interpretations of the EMH. In particular, ....
Thaler, R., 1993, Advances in Behavioral Finance. New York: Russell Sage Foundation.
Exchange Rates and Foreign Direct Investment: Does Skewness .. - Chakrabarti, Scholnick (Correct)
....in impression formation is a well known idea in psychology (see Skowronski and Carlston (1989) for a survey) This refers to the extra attention and importance that agents give to outliers. Cognitive biases have been argued to affect economic and financial behavior and expectation formation (see Thaler (1993), Subrahmanyam et al. (1998) The higher the skewness, the greater are the exchange rate jumps unusually large movements in exchange rates. The presence of extremity bias among foreign investors is thus likely to exacerbate the effect of skewness of exchange rate movements on FDI flows and ....
Thaler, R., 1993, Advances in Behavioral Finance, New York, Russell Sage Foundation.
Asset Pricing Under Endogenous Expectations in an.. - Arthur, Holland.. (1996) (52 citations) (Correct)
....when heterogeneity is present, rich psychological behavior emerges even under neoclassical conditions. We need not assume sharing of information nor sharing of expectations nor herd effects to elicit these phenomena. Nor do we need to invoke behaviorism or other forms of irrationality (Thaler, 1993). Herding tendencies and quasi rational behavior may be present in actual markets, but they are not necessary to our findings. 7. Conclusion In asset markets, agents forecasts create the world agents are trying to forecast. Thus asset markets have a reflexive nature in that prices are generated ....
Thaler, R.H. Advances in Behavioral Finance , Russell Sage Foundation, New York, 1993.
How Naive Is the Stock Market's Use of Earnings Information? - Ball, Bartov (1995) (Correct)
....The received view in behavioral finance is that investors systematically over react to news. DeBondt and Thaler (1985, 1987) conclude that 9 individual stock prices initially over react to information in general and subsequently correct the overreaction. In his review of the literature, Thaler (1993, p. xix) states: DeBondt and I were familiar with the work of Daniel Kahneman and Amos Tversky which showed that people have a tendency to make predictions that are not sufficiently regressive. That is, rather than being proper Bayesian decision makers, people tend to overweight recent ....
Thaler, R., ed., 1993, Advances in Behavioral Finance, (New York: Russell Sage Foundation).
Adaptive Learning and Emergent Coordination in Minority.. - Bottazzi, Devetag, Dosi.. (2001) (Correct)
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Thaler, R.H., (1993), Advances in Behavioral Finance, New York, Russel Sage Foundation.
Learning and Emergent Coordination in Speculative.. - Bottazzi, Devetag, Dosi (1999) (Correct)
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Thaler, R.H., (1993), Advances in Behavioral Finance, New York, Russel Sage Foundation.
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