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| A BEHAVIORAL APPROACH TO ASSET PRICING
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 To order this title, and for more information, click here
Second Edition
By
Hersh Shefrin, Mario L. Belotti Professor of Finance, Leavey School of Business, Santa Clara University, CA, USA
Included in series
AP Advanced Finance,
Description
To order this title, and for more information, click here
Audience
Graduate students and professors in finance, and professionals working with investment tools such as financial analysts and portfolio managers.
Contents
Preface
Preface to the Second Edition
Chapter 1- Introduction
I Heuristics and Representativeness: Experimental Evidence
Chapter 2- Representativeness
and Bayes Rule: Psychological Perspective
Chapter 3- Representativeness and Bayes Rule: Economics Perspective
Chapter 4- A Simple Asset
Pricing Model Featuring Representativeness
Chapter 5- Heterogeneous Judgements in Experiments
II Heuristics and Representativeness:
Investor Expectations
Chapter 6- Representativeness and Heterogeneous Beliefs Among Individual Investors, Financial Executives, and Academics
Chapter 7- Representativeness and Heterogeneity in the Judgements of Professional Investors
III Developing Behavioral Asset Pricing
Models
Chapter 8- A Simple Asset Pricing Model with Heterogeneous Beliefs
Chapter 9- Heterogeneous Beliefs and Inefficient Markets
Chapter 10- A Simple Market Model of Prices and Trading Volume
Chapter 11- Efficiency and Entropy: Long-run Dynamics
IV Heterogeneity
in Risk Tolerance and Time Discounting
Chapter 12- CRRA and CARA Utility Functions
Chapter 13- Heterogeneous Risk Tolerance and Time
Preference
Chapter 14- Representative Investors in a Heterogeneous CRRA Model
IV Sentiment and Behavioral SDF
Chapter 15- Sentiment
Chapter 16- Behavioral SDF and the Sentiment Premium
VI Applications and Behavioral SDF
Chapter 17- Behavioral Betas and Mean-Variance
Portfolios
Chapter 18- Cross-section of Return Expectations
Chapter 19- Testing for a Sentiment Premium
Chapter 20- A Behavioral Approach
to the Term Structure of Interest Rates
Chapter 21- Behavioral Black-Scholes
Chapter 22- Irrational Exuberance and Option Smiles
Chapter
23- Empirical Evidence in Support of Behavioral SDF
VII Prospect Theory
Chapter 24- Prospect Theory: Introduction
Chapter 25- Behavioral
Portfolios
Chapter 26- Equilibrium with Behavioral Preferences
Chapter 27- Pricing and Prospect Theory: Empirical Studies
Chapter 28-
Reflections on the Equity Premium Puzzle
Chapter 29- Continuous Time Behavioral Equilibrium Models
Chapter 30 Conclusion
References
| Bibliographic details |
Hardbound, 618 pages, publication date: MAY-2008
ISBN-13: 978-0-12-374356-5
Imprint: ACADEMIC PRESS
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Last update: 27 Sep 2008
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