
A Fast and Frugal Finance
Bridging Contemporary Behavioral Finance and Ecological Rationality
Description
Key Features
- Demonstrates how well-constructed ‘fast and frugal’ models can outperform standard models in time and outcome efficiency
- Focuses on how financial decisions are made in reality, using heuristics, rather than how such decisions should be made
- Discusses how cognition and the decision-making context interact in producing ‘fast and frugal’ choices that follow ecological rationality
- Explores the development of decision-making trees in finance to aid in decision-making
Readership
Graduate students studying for a degree in finance, accounting, or economics that include a course in behavioral finance or finance, and early career researchers conducting primary research in behavioral finance. Professionals, including finance managers, financial controllers and treasurers
Table of Contents
Section I A Fast-and-Frugal Approach to Finance
1. Introduction
2. Fast-and-Frugal Heuristics
3. Adaptive or Efficient Financial Markets?
4. Financial Regulations and Heuristics
5. When Fast-and-Frugal Works BestSection II Applications of Fast-and-Frugal Finance
6. Fast-and-Frugal Asset Pricing
7. Fast-and-Frugal Portfolio Theory
8. Fast-and-Frugal Financial Analysis
9. Inference Under the Law of Small Numbers: Earnings Streaks Rather Than Earning Numbers
10. A Fast-and-Frugal Finance
Product details
- No. of pages: 276
- Language: English
- Copyright: © Academic Press 2019
- Published: November 15, 2019
- Imprint: Academic Press
- eBook ISBN: 9780128124963
- Paperback ISBN: 9780128124956