Advanced Introduction to Behavioral Finance

Hardback

Advanced Introduction to Behavioral Finance

9781802206982 Edward Elgar Publishing
H. Kent Baker, University Professor of Finance, Kogod School of Business, Department of Finance and Real Estate, American University, John R. Nofsinger, Dean and William H. Seward Chair in International Finance, College of Business and Public Policy, University of Alaska Anchorage and Victor Ricciardi, Instructor of Finance, College of Business, Tennessee Tech University, US
Publication Date: July 2023 ISBN: 978 1 80220 698 2 Extent: c 160 pp
Through detailed discussion of the central principles of behavioral finance, this enlightening Advanced Introduction provides a balanced exploration of the broad issues within the field. Chapters explain the continuous development of the discipline and provide a useful differentiation between behavioral finance and standard finance.

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Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business, and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.

Through detailed discussion of the central principles of behavioral finance, this enlightening Advanced Introduction provides a balanced exploration of the broad issues within the field. Chapters explain the continuous development of the discipline and provide a useful differentiation between behavioral finance and standard finance.

Key Features:

· Illustrates the various challenges and opportunities facing behavioral finance
· Provides clear definitions of key terms within the subject area of behavioral finance
· Investigates applications of behavioral finance in financial decision-making, including within corporate finance
· Explains why blending behavioral and standard approaches would likely improve financial understanding and lead to better decision-making

This illuminating Advanced Introduction will be valuable for academics, researchers, and practitioners interested in behavioral finance. Students researching behavioral economics, economic psychology, and financial economics will also find it informative.
Critical Acclaim
‘Baker, Nofsinger, and Ricciardi, three exceptional finance scholars, have provided an excellent volume discussing and analysing the development of behavioural finance in the context of the traditional simple and simplistic finance modelling. They reveal the fundamental flaws of this approach and how behavioural finance, based on realistic modelling assumptions, yields more robust predictions and causal analyses. An important and informative read.’
– Morris Altman, University of Dundee, UK

‘This volume provides a thoroughly up to date and beautifully structured overview of what is by now a coherent body of thought. It would serve as an excellent upper level course companion or as a stand alone reference.’
– Brian Lucey, Trinity College Dublin, Ireland

'Advanced Introduction to Behavioral Finance is an elegant, readable addition to the behavioral finance literature that thoroughly covers foundational topics like heuristics in addition to shining a light on topics like biology and behavioral corporate finance that have historically gone overlooked. A must-read for serious students of BeFi.'
– Daniel Crosby, Chief Behavioral Officer, Orion, US
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