Financial Market Analysis And Behaviour

Author : Emil Dinga,Camelia Oprean-Stan,Cristina-Roxana Tănăsescu,Vasile Brătian,Gabriela-Mariana Ionescu
Publisher : Taylor & Francis
Page : 299 pages
File Size : 49,8 Mb
Release : 2022-07-06
Category : Business & Economics
ISBN : 9781000609738

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Financial Market Analysis and Behaviour by Emil Dinga,Camelia Oprean-Stan,Cristina-Roxana Tănăsescu,Vasile Brătian,Gabriela-Mariana Ionescu Pdf

This book addresses the functioning of financial markets, in particular the financial market model, and modelling. More specifically, the book provides a model of adaptive preference in the financial market, rather than the model of the adaptive financial market, which is mostly based on Popper's objective propensity for the singular, i.e., unrepeatable, event. As a result, the concept of preference, following Simon's theory of satisficing, is developed in a logical way with the goal of supplying a foundation for a robust theory of adaptive preference in financial market behavior. The book offers new insights into financial market logic, and psychology: 1) advocating for the priority of behavior over information - in opposition to traditional financial market theories; 2) constructing the processes of (co)evolution adaptive preference-financial market using the concept of fetal reaction norms - between financial market and adaptive preference; 3) presenting a new typology of information in the financial market, aimed at proving point (1) above, as well as edifying an explicative mechanism of the evolutionary nature and behavior of the (real) financial market; 4) presenting sufficient, and necessary, principles or assumptions for developing a theory of adaptive preference in the financial market; and 5) proposing a new interpretation of the pair genotype-phenotype in the financial market model. The book's distinguishing feature is its research method, which is mainly logically rather than historically or empirically based. As a result, the book is targeted at generating debate about the best and most scientifically beneficial method of approaching, analyzing, and modelling financial markets.

Author : Marcin Kalinowski
Publisher : Routledge
Page : 190 pages
File Size : 50,7 Mb
Release : 2021-09-26
Category : Business & Economics
ISBN : 9781000457292

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Global Stock Market Development by Marcin Kalinowski Pdf

In the current era of globalised financial markets, the stock market cannot be assessed solely by comparing quantitative features such as the number of listed companies or capitalisation on the stock exchange. This is of secondary importance from an investor's point of view. What is important, however, is how a given stock market behaves towards the environment – whether it is ‘hyperactive’ or ‘excessively lethargic’ in response to information. This book provides an innovative tool for assessing global stock markets. It describes the complex concept of ‘stock market development’ in light of classical and behavioural finance theories and considers both quantitative (the number of listed companies, turnover, etc.) and behavioural aspects (price volatility, the behaviour of fundamental indicators of listed companies). Based on an innovative method for assessing development, the author analyses 130 stock markets, indicating those that are more developed in terms of quantity and behaviour. Ultimately, this enables the assessment of which markets are more or less developed and why. This knowledge, used properly, offers an advantage over other financial market participants, and allows for the comprehensive assessment of individual stock markets, which can support the process of making good investment decisions. The book is an invaluable resource for research fellows and students in economics, particularly the field of finance. It is also addressed to business and stock market practitioners, such as financial market analysts, brokers and investment advisers.

Author : Paul V. Azzopardi
Publisher : Harriman House Limited
Page : 58 pages
File Size : 51,9 Mb
Release : 2012-12-28
Category : Business & Economics
ISBN : 9780857192691

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Why Financial Markets Rise Slowly but Fall Sharply by Paul V. Azzopardi Pdf

It comes as a surprise to many beginning investors that financial markets do not go down in the same way they go up - in other words, markets behave one way when prices are rising and in a very different way when they are falling. In this concise eBook Paul Azzopardi examines: - Why markets rise slowly but fall sharply - Why rises occur with low volatility but falls are volatile In discovering the answers to these questions, and understanding more about the way prices move, investors will learn more about market behviour and be better able to judge what markets will do in the future. This is important knowledge for successful investors!

Author : H. Kent Baker,John R. Nofsinger
Publisher : John Wiley & Sons
Page : 773 pages
File Size : 47,9 Mb
Release : 2010-10-05
Category : Business & Economics
ISBN : 9780470499115

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Behavioral Finance by H. Kent Baker,John R. Nofsinger Pdf

A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. Uses a structured approach to put behavioral finance in perspective Relies on recent research findings to provide guidance through the maze of theories and concepts Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

Author : Lars Steilmann
Publisher : GRIN Verlag
Page : 22 pages
File Size : 53,6 Mb
Release : 2017-11-13
Category : Business & Economics
ISBN : 9783668570252

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Critical analysis of the behavioural finance as a theory by Lars Steilmann Pdf

Seminar paper from the year 2015 in the subject Economics - Finance, grade: 1,3, University of Applied Sciences Essen, language: English, abstract: The process of making decisions on the financial market is influenced by various factors and involves a relatively complex behaviour. In general two factors drive the process, one the financial model, that represents the correlation of risk and return and second the internal factors determined by skill level, investment portfolio and education. This work at hand distinguishes between traditional and modern theory of financial markets. The Efficient Market Hypothesis (EMH) explains that investors act rationally and make economic decisions on a rational basis. These process of decision making is explained in the Expected Utility Theory and assumes that investors are doing everything to optimize their performances, which correlates with the term `homo oeconomicus`. The behavioural financial theory, taken as the modern theory, basically handles individual circumstances that result in decision makings on the market. This work at hand will work out the changes that proceeded over the years and try to explain which way is more sufficient for analysing and understanding occasions on the financial market. The aim is to impart, how behavioural finance tries to explain the financial market with help of models. Furthermore possible shortcoming or critics of these models shall be shown.

Author : Paul V. Azzopardi
Publisher : Harriman House Limited
Page : 216 pages
File Size : 41,6 Mb
Release : 2010-10-11
Category : Business & Economics
ISBN : 9780857190680

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Behavioural Technical Analysis by Paul V. Azzopardi Pdf

This work offers a practical, concise introduction to behavioral finance--a method that is revolutionizing investment because it places real human beings at the center of the market, and shows how human sentiment and emotion is what really drives securities markets.

Author : Mark Schindler
Publisher : Wiley
Page : 210 pages
File Size : 46,6 Mb
Release : 2007-04-04
Category : Business & Economics
ISBN : 9780470510339

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Rumors in Financial Markets by Mark Schindler Pdf

On the trading floor, all action is based on news, therefore rumors in financial markets are an everyday phenomenon. Rumors are the oldest mass medium in the world and their nature is still difficult to grasp. Scientifically, not much is known about rumors, especially in the financial markets, where their consequences can have real money consequences. Rumors in Financial Markets provides a fresh insight to the topic, combining the theory of Behavioral Finance with that of Experimental Finance--a new and innovative scientific method which observes real decision makers in a controlled, clearly structured environment. Using the results from surveys and experiments, the author argues that rumors in the context of financial markets are built on three cornerstones: Finance, Psychology and Sociology. The book provides insights into how rumors evolve, spread and are traded on and provides explanations as to why volatility rockets, strong price movements, herding behavior for example, occur for apparently no good reason.

Author : Andrei Shleifer
Publisher : Unknown
Page : 224 pages
File Size : 41,5 Mb
Release : 2000
Category : Electronic
ISBN : OCLC:475413371

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Inefficient Markets by Andrei Shleifer Pdf

Author : Andrei Shleifer
Publisher : OUP Oxford
Page : 225 pages
File Size : 47,8 Mb
Release : 2000-03-09
Category : Business & Economics
ISBN : 9780191606892

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Inefficient Markets by Andrei Shleifer Pdf

The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents and empirically evaluates models of such inefficient markets. Behavioral finance models both explain the available financial data better than does the efficient markets hypothesis and generate new empirical predictions. These models can account for such anomalies as the superior performance of value stocks, the closed end fund puzzle, the high returns on stocks included in market indices, the persistence of stock price bubbles, and even the collapse of several well-known hedge funds in 1998. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.

Author : Edwin T. Burton,Sunit N. Shah
Publisher : John Wiley & Sons
Page : 261 pages
File Size : 53,6 Mb
Release : 2013-03-18
Category : Business & Economics
ISBN : 9781118300190

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Behavioral Finance by Edwin T. Burton,Sunit N. Shah Pdf

An in-depth look into the various aspects of behavioral finance Behavioral finance applies systematic analysis to ideas that have long floated around the world of trading and investing. Yet it is important to realize that we are still at a very early stage of research into this discipline and have much to learn. That is why Edwin Burton has written Behavioral Finance: Understanding the Social, Cognitive, and Economic Debates. Engaging and informative, this timely guide contains valuable insights into various issues surrounding behavioral finance. Topics addressed include noise trader theory and models, research into psychological behavior pioneered by Daniel Kahneman and Amos Tversky, and serial correlation patterns in stock price data. Along the way, Burton shares his own views on behavioral finance in order to shed some much-needed light on the subject. Discusses the Efficient Market Hypothesis (EMH) and its history, and presents the background of the emergence of behavioral finance Examines Shleifer's model of noise trading and explores other literature on the topic of noise trading Covers issues associated with anomalies and details serial correlation from the perspective of experts such as DeBondt and Thaler A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book In order to achieve better investment results, we must first overcome our behavioral finance biases. This book will put you in a better position to do so.

Author : Shuchita Singh & Shilpa Bahi
Publisher : Vikas Publishing House
Page : 128 pages
File Size : 44,6 Mb
Release : 2024-07-02
Category : Business & Economics
ISBN : 9789325984578

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Behavioural Finance by Shuchita Singh & Shilpa Bahi Pdf

The theories and concepts of behavioural finance are not widely studied. In many countries, the acceptance level of behavioural theories is quite low. However, the increasing instances of various anomalies of financial markets have forced many researchers to look closer to this modern field of finance. Behavioural Finance seeks to bring together all the concepts and theories developed by renowned international and national researchers and practitioners in financial markets. An in-depth study has been made to explain the current economic downturn and the role of behavioural finance in it. KEY FEATURES • Interviews: Latest industry views by various asset-class experts • Facts: Important factual information in boxes titled 'Do You Know?' • Abbreviations: Important and relevant abbreviated terms • Model Test Papers: For practice • Summary: Given as 'Key Learning Points' for revision

Author : David Blake
Publisher : John Wiley & Sons
Page : 764 pages
File Size : 48,8 Mb
Release : 2000
Category : Business & Economics
ISBN : UOM:39015057367636

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Financial Market Analysis by David Blake Pdf

Financial Market Analysis provides an up-to-date and authoritative analysis of financial markets from within the framework of modern finance theory. The eagerly awaited second edition of this highly successful book has been greatly expanded from 400 to over 700 pages and contains new material on value at risk, speculative bubbles, volatility effects in financial markets, chaos and neural networks. Financial Market Analysis deals with the composition of financial markets and the analysis and valuation of traded securities. It describes the use of securities both in constructing and managing portfolios and in contributing to portfolio performance. Particular attention is paid to new types of investment product, different portfolio management strategies, speculation, arbitrage and risk management strategies and to financial market failure. Financial Market Analysis is an essential text for all finance-related degree courses at undergraduate, postgraduate, and MBA level. It also provides a useful source of reference for financial institutions and professionals in the financial markets.

Author : Sujata Kapoor,Jaya Mamta Prosad
Publisher : SAGE Publications Pvt. Limited
Page : 0 pages
File Size : 50,6 Mb
Release : 2019-06-27
Category : Business & Economics
ISBN : 9353282748

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Behavioural Finance by Sujata Kapoor,Jaya Mamta Prosad Pdf

A comprehensive and well-structured textbook that provides a concrete foundation of the most essential elements of behavioural finance and related biases in a simple manner. Designed as a core textbook for the students of finance, Behavioural Finance discusses the theoretical concepts of investment behaviour in the dynamic environment of financial markets. It explains the role and impact of psychological biases and sociological influences underlying the financial behaviour of both individual and institutional investors. Through the use of case studies and real-life examples, primarily from emerging economies like India, the book explores the psychology of individual investors and market experts such as financial analysts and portfolio managers. It discusses how key market players make decisions and shows that every behavioural inconsistency can cumulate to market anomalies. The highlight of this book is the inclusion of contemporary issues such as the role of weather, emotional state of mind, religion and culture in investment decisions and the emphasis on upcoming areas in this discipline such as neurofinance and emotional finance. Key Features • Focuses on both past and contemporary research findings to simplify theories and concepts • Provides psychological insights to investors and practitioners to identify their biases in financial decision-making process • Module-based chapterization for better understanding of concepts

Author : James Ming Chen
Publisher : Springer
Page : 343 pages
File Size : 50,8 Mb
Release : 2016-10-01
Category : Business & Economics
ISBN : 9783319327112

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Finance and the Behavioral Prospect by James Ming Chen Pdf

This book explains how investor behavior, from mental accounting to the combustible interplay of hope and fear, affects financial economics. The transformation of portfolio theory begins with the identification of anomalies. Gaps in perception and behavioral departures from rationality spur momentum, irrational exuberance, and speculative bubbles. Behavioral accounting undermines the rational premises of mathematical finance. Assets and portfolios are imbued with “affect.” Positive and negative emotions warp investment decisions. Whether hedging against intertemporal changes in their ability to bear risk or climbing a psychological hierarchy of needs, investors arrange their portfolios and financial affairs according to emotions and perceptions. Risk aversion and life-cycle theories of consumption provide possible solutions to the equity premium puzzle, an iconic financial mystery. Prospect theory has questioned the cogency of the efficient capital markets hypothesis. Behavioral portfolio theory arises from a psychological account of security, potential, and aspiration.

Author : John J. Murphy
Publisher : Penguin
Page : 576 pages
File Size : 49,7 Mb
Release : 1999-01-01
Category : Business & Economics
ISBN : 9781101659199

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Technical Analysis of the Financial Markets by John J. Murphy Pdf

John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets. This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.