Investor Behavior: Essays on Social Interaction and Decision-Making PDF Download

Author: Bastian Felix Breitmayer
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Tobias Stuber
Publisher: Herbert Utz Verlag
ISBN: 3831640114
Category :
Languages : en
Pages : 264

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Author: H. Kent Baker
Publisher: John Wiley & Sons
ISBN: 1118492986
Category : Business & Economics
Languages : en
Pages : 645

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WINNER, Business: Personal Finance/Investing, 2015 USA Best Book Awards FINALIST, Business: Reference, 2015 USA Best Book Awards Investor Behavior provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of investment research. The book should also be of interest to academics, investors, and students. The book will cover the major principles of investor psychology, including heuristics, bounded rationality, regret theory, mental accounting, framing, prospect theory, and loss aversion. Specific sections of the book will delve into the role of personality traits, financial therapy, retirement planning, financial coaching, and emotions in investment decisions. Other topics covered include risk perception and tolerance, asset allocation decisions under inertia and inattention bias; evidenced based financial planning, motivation and satisfaction, behavioral investment management, and neurofinance. Contributions will delve into the behavioral underpinnings of various trading and investment topics including trader psychology, stock momentum, earnings surprises, and anomalies. The final chapters of the book examine new research on socially responsible investing, mutual funds, and real estate investing from a behavioral perspective. Empirical evidence and current literature about each type of investment issue are featured. Cited research studies are presented in a straightforward manner focusing on the comprehension of study findings, rather than on the details of mathematical frameworks.

Author: Jiaying Deng
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Technology has brought about a lot of business innovations, such as fintech, sharing economy and entertainment analytics, which provides great opportunities of examining these innovations from different perspectives. My dissertation is motivated by the desire to gain a better understanding of the transformational effect of the digital innovations, with a specific focus on the individuals’ decision-making behavior. First, I focus on a mobile gaming platform. To ensure the success of mobile games, game publishers need to keep their players engaged and, at the same time, seek monetization strategies that do not interrupt players’ engagement. Reward ads, a relatively new and increasingly popular in-app advertising monetization model in which players can voluntarily watch an ad in exchange for a reward within the game, can help publishers generate revenue without breaking the flow of the game. In this essay, I investigate how competence-related intrinsic motivation factors including players' feeling of competence (measured by (a) perceived difficulty and (b) perceived achievement), (c) the fluctuation of perceived difficulty, and (d) reward ads (which can enhance players’ intrinsic motivation and interact with players' feeling of competence) affect players' dynamic engagement state evolution. I find that players’ engagement transition is a complex process - as players interact with the mobile game over time and progress through the game, players may be motivated to different intrinsic motivation factors. Therefore, intrinsic motivation factors should be treated as a dynamic process because one factor may be more or less effective as players move to different engagement levels. Second, I study a social trading platform which is a recent innovation in the field of fintech. Social trading is a novel form of investing that allows retail investors to observe the trading behavior of other investors and to communicate through the news feed. Moreover, social trading allow inexperience investors (followers) to automatically follow the trades of experts (leaders) in real time. In this essay, I examine the determinants of the link formation and link dissolution processes, with an emphasis on the social communications among investors. The results show that the determinants of link formation and dissolution are asymmetric, and different types of social communications, such as posts and comments, have different implications for link formation and dissolution. In addition, the results show that financial performance and demographic characteristics are also important determinants of link formation. However, once a link is formed, followers mainly focus on financial performance in addition to social communication but not on demographic characteristics. The findings have important implications for both investors and social trading platforms.

Author: John R. Nofsinger
Publisher: Prentice Hall
ISBN: 9780131432703
Category : Business & Economics
Languages : en
Pages : 0

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This book is the first of its kind to delve into the fascinating and important subject of the psychology affecting investments. Its unique coverage describes how investors actually behave, the reasons and causes of that behavior, why the behavior hurts their wealth, and what they can do about it. Chapter topics include overconfidence, fear of regret and seeking pride, considering the past, mental accounting, forming portfolios, representativeness and familiarity, social interaction and investing, mood and investing, and self control and decision making. anyone who wants to invest (either professionally or personally), as well as portfolio managers, fund managers, pension managers, financial advisers, brokers, financial planners, traders, financial analysts, and CPAs.

Author: Daniel Crosby
Publisher: Harriman House Limited
ISBN: 0857196871
Category : Business & Economics
Languages : en
Pages : 280

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From the New York Times bestselling author of the book named the best investment book of 2017 comes The Behavioral Investor, an applied look at how psychology ought to inform the art and science of investment management. In The Behavioral Investor, psychologist and asset manager Dr. Daniel Crosby examines the sociological, neurological and psychological factors that influence our investment decisions and sets forth practical solutions for improving both returns and behavior. Readers will be treated to the most comprehensive examination of investor behavior to date and will leave with concrete solutions for refining decision-making processes, increasing self-awareness and constraining the fatal flaws to which most investors are prone. The Behavioral Investor takes a sweeping tour of human nature before arriving at the specifics of portfolio construction, rooted in the belief that it is only as we come to a deep understanding of “why” that we are left with any clue as to “how” we ought to invest. The book is comprised of three parts, which are as follows: - Part One – An explication of the sociological, neurological and physiological impediments to sound investment decision-making. Readers will leave with an improved understanding of how externalities impact choices in nearly imperceptible ways and begin to understand the impact of these pressures on investment selection. - Part Two – Coverage of the four primary psychological tendencies that impact investment behavior. Although human behavior is undoubtedly complex, in an investment context our choices are largely driven by one of the four factors discussed herein. Readers will emerge with an improved understanding of their own behavior, increased humility and a lens through which to vet decisions of all types. - Part Three – Illuminates the “so what” of Parts One and Two and provides a framework for managing wealth in a manner consistent with the realities of our contextual and behavioral shortcomings. Readers will leave with a deeper understanding of the psychological underpinnings of popular investment approaches such as value and momentum and appreciate why all types of successful investing have psychology at their core. Wealth, truly considered, has at least as much to do with psychological as financial wellbeing. The Behavioral Investoraims to enrich readers in the most holistic sense of the word, leaving them with tools for compounding both wealth and knowledge.

Author: John L. Teall
Publisher: Academic Press
ISBN: 0123918804
Category : Business & Economics
Languages : en
Pages : 457

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Includes bibliographical references and index.

Author: Arvid Oskar Ivar Hoffmann
Publisher:
ISBN: 9789078249030
Category :
Languages : en
Pages : 162

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Author: James Montier
Publisher: John Wiley & Sons
ISBN: 0470712031
Category : Business & Economics
Languages : en
Pages : 240

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A detailed guide to overcoming the most frequently encountered psychological pitfalls of investing Bias, emotion, and overconfidence are just three of the many behavioral traits that can lead investors to lose money or achieve lower returns. Behavioral finance, which recognizes that there is a psychological element to all investor decision-making, can help you overcome this obstacle. In The Little Book of Behavioral Investing, expert James Montier takes you through some of the most important behavioral challenges faced by investors. Montier reveals the most common psychological barriers, clearly showing how emotion, overconfidence, and a multitude of other behavioral traits, can affect investment decision-making. Offers time-tested ways to identify and avoid the pitfalls of investor bias Author James Montier is one of the world's foremost behavioral analysts Discusses how to learn from our investment mistakes instead of repeating them Explores the behavioral principles that will allow you to maintain a successful investment portfolio Written in a straightforward and accessible style, The Little Book of Behavioral Investing will enable you to identify and eliminate behavioral traits that can hinder your investment endeavors and show you how to go about achieving superior returns in the process. Praise for The Little Book Of Behavioral Investing "The Little Book of Behavioral Investing is an important book for anyone who is interested in understanding the ways that human nature and financial markets interact." —Dan Ariely, James B. Duke Professor of Behavioral Economics, Duke University, and author of Predictably Irrational "In investing, success means¿being on the right side of most trades. No book provides a better starting point toward that goal than this one." —Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia Business School "'Know thyself.' Overcoming human instinct is key to becoming a better investor.¿ You would be irrational if you did not read this book." —Edward Bonham-Carter, Chief Executive and Chief Investment Officer, Jupiter Asset Management "There is not an investor anywhere who wouldn't profit from reading this book." —Jeff Hochman, Director of Technical Strategy, Fidelity Investment Services Limited "James Montier gives us a very accessible version of why we as investors are so predictably irrational, and a guide to help us channel our 'Inner Spock' to make better investment decisions. Bravo!" —John Mauldin, President, Millennium Wave Investments

Author: Juhani Linnainmaa
Publisher:
ISBN:
Category : Day trading (Securities)
Languages : en
Pages : 350

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