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| Tekijä: | Olsen, R. A |
| Otsikko: | Behavioral finance and its implications for stock-price volatility |
| Lehti: | Financial Analysts
1998 : MAR-APR, VOL. 54:2, p. 10-18 |
| Asiasana: | economic behaviour investments psychology share price volatility |
| Kieli: | eng |
| Tiivistelmä: | The aim of this article is to offer a complete picture of the origin, content and rationale behind behavioral finance. The new paradigm of behavioral finance seeks to replace the behaviorally incomplete modern theory of finance by melding psychological and financial research. This new theory can be of value for understanding financial markets by explaining for example an phenomenon of excessive stock-price volatility. |
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