Behavioral finance

Author: Rao Yulei
Publisher:
Publish Date: 2003-05-01
Features: Finance is the core of the modern economy, and financial markets are an important component of market economic activities. The activities of financial markets attract tens of thousands of investors, influence the development of the macro economy, and drive the innovation of financial theory. With the development of financial markets, traditional financial theory is facing severe challenges. The numerous anomalies in financial markets and the irrational experiments of investors indicate the serious flaws of traditional finance. The main innovations of this book are as follows:
First, it explains the flaws of traditional financial theory and proposes the practical basis, concepts, specific content, and development prospects of behavioral finance. Second, it studies the abnormal phenomena and biased behaviors in the securities market and proposes the expectations of behavioral finance investment models. Third, it reveals the deep contradictions in China's securities market, providing a basis for judging the fundamental trends of the securities market and formulating reasonable regulatory policies. Fourth, this book has a high starting point and strong systematicity. As an emerging discipline, behavioral finance is just beginning to take root in China, and there are many research issues and broad application prospects.