Behavioral Finance: Theory and Evidence from China

Author: Li Xindan
Publisher:
Publish Date: 2004-03-01
Features: This book not only systematically and comprehensively introduces the origin, development, and evolution of behavioral finance, reorganizing its theories, but also combines these theories to study several issues in China, proposing a research system and framework based on the actual conditions of China. It is currently one of the rare front-line works in the field of finance in China that emphasizes both theory and practice. The common problems of domestic books are their excessive reliance on secondary sources, blindly imitating Western works, or merely engaging in theoretical speculation, even conjecture. Few truly make readers reflect deeply after reading, and those that combine empirical and theoretical research and analysis on real financial issues are even rarer. However, Professor Li Xindan's monograph perfectly achieves this. Whether scholars or practitioners, readers should find many interesting and valuable insights in Professor Li's book. At the same time, the book also provides a brand-new perspective and direction for understanding and researching the Chinese securities market.
This book is a monograph that organizes and introduces behavioral finance theory. The first part—Behavioral Finance Theory—mainly includes: the differences between behavioral finance and traditional finance; the logical framework of behavioral finance; the basic theories, main models, and applications of behavioral finance. The second part—Evidence from China. Using behavioral finance theories and research methods, including psychological experiments, econometric tests, and game analysis, it analyzes the Chinese securities market and modifies some classic models.