Asset price response to new information the effects of conservatism bias and representativeness heuristic / [electronic resource] :
- 作者： Luo, Guo Ying.
- 其他作者：
- 其他題名：
- SpringerBriefs in finance,
- 出版： New York, NY : Springer New York :Imprint: Springer
- 叢書名： SpringerBriefs in finance,
- 主題： Economics--Psychological aspects , Prices , Assets (Accounting) , Economics/Management Science. , Finance/Investment/Banking. , Financial Economics. , Economic Theory.
- ISBN： 9781461493693 (electronic bk.) 、 9781461493686 (paper)
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FIND@SFXID:
CGU
- 資料類型: 電子書
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讀者標籤：
- 系統號： 005114798 | 機讀編目格式
館藏資訊
Asset Price Response to New Information examines the effect of two types of psychological biases (namely, conservatism bias and representativeness heuristic) on the asset price reaction to new information. The author constructs various models of a competitive securities market or a security market allowing for strategic interaction among traders to prove rigorously that either conservatism or representativeness is capable of generating both asset price overreaction and underreaction to new information. The results shed some new insights on the phenomena of the asset price overreaction and underreaction to new information. In the literature, very little has been published in this area of behavioral finance. This volume will appeal to graduate-level students and researchers in finance, behavioral finance, and financial engineering.