Behavioral Finance and Investment Behavior

Author: Zhao Xinshun
Publisher:
Publish Date: 2005-07-01
Features: Based on introducing the new advancements in behavioral finance research, particularly in the study of behavioral rationality biases, this monograph employs experimental economics methods to investigate the behavioral rationality biases of Chinese investors. It is the first to estimate the coefficients of behavioral rationality biases among Chinese investors. The study also examines the survival relationship between rational and irrational investors, as well as their impact on the equilibrium prices of securities in financial markets. Additionally, it proposes a behavioral portfolio model for investors with behavioral rationality biases and analyzes the properties of the model.