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 conducts research on several issues in China based on these theories. It proposes a research system and framework for behavioral finance grounded in the realities of China, making it a rare and pioneering work in the field of finance in China that emphasizes both theory and practice. Currently, many books in China tend to excessively rely on secondary sources, blindly imitate Western works, or merely engage in theoretical speculation, even making unfounded assumptions. Few truly leave readers pondering 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 you are a scholar or a practitioner, you should find many interesting and valuable insights in Professor Li's book. At the same time, it also provides a brand-new perspective and direction for us to understand and study 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.