Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. New decision-making models incorporate psychology and sociology, among other disciplines, to explain economic and financial phenomenon, such as erratic stock price variations.
Finance practitioners and academics are, or should
be, interested in the following questions:
.Why do investors like dividends?
.Why do investors hate to realize losses?
.Why do investors prefer stocks of "good"
.How are expected returns determined?
.What kjnds of securities do investors like?
.What are the forces that shape financial regulations?
Đề tài "Nghiên cứu ứng dụng lý thuyết tài chính hành vi (Behavioral finance) trong kinh doanh trên thị trường ngoại hối" có kết cấu nội dung gồm 3 chương: Chương 1 những vấn đề cơ bản về kinh doanh ngoại hối và tài chính hành vi, chương 2 phân tích ứng dụng lý thuyết Tài chính hành vi trong kinh doanh ngoại hối trên thị trường quốc tế, chương 3 đánh giá một số biểu hiện của Tài chính hành vi trên thị trường
ngoại hối Việt Nam. Mời các bạn cùng tham khảo.
If successful, this book will change your idea about what an optimal investment
portfolio is. It is intended to be a guide both to understanding
irrational investor behavior and to creating individual investors’ portfolios
that account for these irrational behaviors. In this book, an optimal portfolio
lies on the efficient frontier, but it may move up or down that frontier
depending on the individual needs and preferences of each investor.
Bài giảng Phân tích cơ bản cung cấp cho bạn đọc các phương pháp phân tích chứng khoán phổ biến bao gồm: Phân tích cơ bản - Fundamental Analysis, phân tích kỹ thuật - Technical Analysis, phân tích tài chính hành vi - Behavioral finance. Hi vọng đây sẽ là một tài liệu hữu ích danh cho những ai đang muốn tìm hiểu về thị trường chứng khoán và cách giao dịch trên thị trường chứng khoán Việt Nam.
Thank you for trusting Kaplan Schweser to help you reach your goals. We are all very
pleased to be able to help you prepare for the Level III CFA Exam. In this introduction,
I want to explain the resources included with the SchweserNotes, suggest how you
can best use Schweser materials to prepare for the exam, and direct you toward other
educational resources you will find helpful as you study for the exam.
Besides the SchweserNotes themselves, there are many educational resources available at
Behavioral Finance, a study of investor market behavior that derives from psychological principles of decision making, to explain why people buy or sell the stocks they do. The linkage of behavioral cognitive psychology, which studies human decision making, and financial market economics. Behavioral Finance focuses upon how investors interpret and act on information to make informed investment decisions. Investors do not always behave in a rational, predictable and an unbiased manner indicated by the quantitative models.
Since many social businesses are also SMEs, measures that facilitate access to finance for
SMEs could also help social businesses. In this context, of notable importance are the support
and regulatory frameworks for venture capital, in particular the steps to be taken to develop a
EU passport for Venture Capital funds. The extent to which work on establishing such a
passport might aid social businesses is central in considering the effectiveness and efficiency
of the options identified in this impact assessment.
This monograph emerged from our efforts to study the behavior of the
households from the Townsend Thai Monthly Survey. This experience
convinced us that imposing an accounting framework and creating
financial statements would be a useful, indeed a necessary, first step
for the analysis of household finance, especially from high-frequency,
Regulation of financial and securities markets is intended to protect investors while still enabling them to make personal investment decisions. Psychological phenomena, such as magical thinking, overconfidence, and representativeness heuristic can cause deviations from rational behavior and distort financial decision-making.
Managers are naturally inclined to act in their own best interests. But the following factors affect managerial behavior: Managerial compensation plans, Direct intervention by shareholders, The threat of firing, The threat of takeover. Shareholders versus Creditors
Shareholders (through managers) could
take actions to maximize stock price
that are detrimental to creditors.
In the long run, such actions will raise
the cost of debt and ultimately lower
Thị trường Ngoại hối (tiếng Anh: Foreign Exchange Market, viết tắt là FOREX hay FX) là thị trường tiền tệ liên ngân hàng quốc tế, còn được nhắc đến dưới cái tên Thị trường Tiền mặt (Cash Market) hoặc Thị trường Liên ngân hàng Giao ngay (Spot Interbank Market). Thị trường Ngoại hối tồn tại bất cứ nơi nào mà ở đó, tiền tệ của một quốc gia này được chuyển đổi thành tiền tệ của một quốc gia khác.
Technical analysis is a financial market research activities. Technical analysts to track price changes daily or weekly based on any constant time is shown on the graph, called the graph. Since it appears the name charting.
Before entering into any investment, the risk of that venture must be identified and quantified. The Handbook of Risk provides in-depth coverage of risk from every possible angle and illuminates the subject by covering the quantitative and and behavioral issues faced by investment professionals on a day-to-day basis. This valuable reference offers a prescriptive and descriptive treatment of risk management for those looking to control, contain, and minimize the risk of their investments.
Whether you trade short-term or long-term, discretionary or systematic, your goal
as a technician is always the same: to find profitable patterns in price behavior.
To accomplish this, technicians use a number of methods to identify the
prevailing price trend, or to identify points at which a trend is about to reverse
(the time scale, of course, can vary). These basis for these techniques can be
roughly divided in two categories: chart analysis and technical indicators.
Asset prices are determined by investors’ risk preferences and by the distributions
of assets’ risky future payments. Economists refer to these two bases
of prices as investor "tastes" and the economy’s "technologies" for generating
asset returns. A satisfactory theory of asset valuation must consider how individuals
allocate their wealth among assets having different future payments.
This chapter explores the development of expected utility theory, the standard
approach for modeling investor choices over risky assets....
Economists have an answer to the question of why people behave as they do — self interest.
Economists' analysis of individual choice does not deny individual differences.
A good beginning in understanding individual choice is to focus on the rational part of people's behavior.
Chapter 43 JUMP DIFFUSION MODEL. Abstract Jump diffusion processes have been used in modern finance to capture discontinuous behavior in asset pricing. Various jump diffusion models are considered in this chapter.
Finally, the last part of the questionnaire aimed to acquire information on the most innovative
examples of financing mechanisms used in the EU countries. The goal for this was to provide
innovative examples of financing mechanisms, which would be used for detailed analysis and
material for a multi-criteria analysis (MCA) of alternative financing mechanisms. In total, 35 cases of
financing mechanisms were reported from 13 countries.