Asset Price Response to New Information

Name: Asset Price Response to New Information
Author: Guo Ying Luo

The Effects of Conservatism Bias and Representativeness Heuristic

Paperback Engels 2013 2014e druk 9781461493686

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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.

Specificaties

ISBN13:9781461493686

Taal:Engels

Bindwijze:paperback

Aantal pagina's:70

Uitgever:Springer New York

Druk:2014

Hoofdrubriek:Economie, Financieel management

Serie:SpringerBriefs in Finance

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Inhoudsopgave

Chapter 1 Introduction.- Chapter 2 Conservatism bias and asset price overreaction or underreaction to new information in a competitive securities market.- Chapter 3 Conservatism bias and asset price overreaction or underreaction to new information in the presence of strategic interaction.- Chapter 4 Representativeness heuristic and asset price overreaction or underreaction to new information in a competitive securities market.- Chapter 5 Representativeness heuristic and asset price overreaction or underreaction to new information in the presence of strategic interaction.- Chapter 6 The presence of representativeness heuristic and conservatism bias in an asset market.- Chapter 7 Conclusion.- Appendix.- References.