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Beyond Greed and Fear Understanding Behavioral Finance and the Psychology of Investing

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ISBN-10: 0195304217

ISBN-13: 9780195304213

Edition: 2007

Authors: Hersh Shefrin

List price: $32.99
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This book provides a comprehensive treatment of behavioural finance. With the use of the latest psychological research, Shefrin helps us to understand the human behaviour that guides stock selection, financial services, and corporate financial strategy. He argues that financial practitioners must acknowledge and understand behavioural finance - the application of psychology to financial behaviour - in order to avoid many of the investment pitfalls caused by human error. Shefrin points out the common but costly mistakes that money managers, security analysts, financial planners, investment bankers, and corporate leaders make, so that readers gain valuable insights into their own financial…    
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Book details

List price: $32.99
Copyright year: 2007
Publisher: Oxford University Press, Incorporated
Publication date: 5/16/2007
Binding: Paperback
Pages: 368
Size: 9.21" wide x 6.10" long x 1.30" tall
Weight: 1.364
Language: English

Hersh Shefrin holds the Mario L. Belotti Chair in the Department of Finance at Santa Clara University's Leavey School of Business. He is a pioneer of behavioral finance, and has worked on behavioral issues for over thirty years. A Behavioral Approach to Asset Pricing is the first behavioral treatment of the pricing kernel. His book Behavioral Corporate Finance is the first textbook dedicated to the application of behavioral concepts to corporate finance. His book Beyond Greed and Fear was the first comprehensive treatment of the field of behavioral finance. A 2003 article appearing in The American Economic Review included him among the top fifteen theorists to have influenced empirical work…    

Preface Part I: What Is Behavioral Finance 1. Introduction 2. Heuristic-Driven Bias: The First Theme 3. Frame Dependence: The Second Theme 4. Inefficient Markets: The Third Theme Part II: Prediction 5. Trying to Predict the Market 6. Sentimental Journey: The Illusion of Validity 7. Picking Stocks to Beat the Market 8. Biased Reactions to Earnings Announcements Part III: Individual Investors 9. "Get-Evenitis": Riding Losers Too Long 10. Portfolios, Pyramids, Emotions, and Biases 11. Retirement Saving: Myopia and Self-Control Part IV: Institutional Investors 12. Open-Ended Mutual Funds: Misframing, "Hot Hands", and Obfuscation Games 13. Closed-End Funds:…