Capital market anomalies explained by humans irrationality /
Hauptbeschreibung Why do small caps achieve higher risk-adjusted yields than large caps? Why do stock prices increase or decrease upon an index entry respectively deletion? Why does January records higher yields than the remaining months of the year? These as well as other observed capital market an...
| Основен автор: | Varvouzou, Irini. |
|---|---|
| Формат: | Електронен |
| Език: | English |
| Публикувано: |
Hamburg :
Anchor Academic Pub.,
2013.
|
| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=773083 |
| Подобни документи: |
Print version::
Capital Market Anomalies: Explained by human s irrationality. |
Съдържание:
- Capital Market Anomalies: Explained by human's irrationality; Table of Contents; 1. Introduction; 1.1. Problem Specification; 1.2. Objective; 1.3. Structure; 2. Theoretical Basis of Behavioural Finance; 2.1. Heuristics; 2.1.1. Availability Heuristic; 2.1.2. Representative Heuristic; 2.1.3. Anchoring Heuristic; 2.2. Behavioural Anomalies/Irrationalities; 2.2.1. Information Perception Anomalies; 2.2.1.1. Framing Effect; 2.2.1.3. Selective Perception; 2.2.2. Information Processing Anomalies; 2.2.2.1. Reference Point Effect; 2.2.2.2. Mental Accounting; 2.2.2.3. Loss Aversion.
- 2.2.3. Decision Making Anomalies2.2.3.1. Cognitive Dissonance; 2.2.3.2. Regret Avoidance; 2.2.3.3. Overconfidence Bias; 3. Capital Market Anomalies/Phenomena; 3.1. Calendar Anomalies; 3.1.1. Weekend Effect; 3.1.2. January Effect; 3.1.3. Turn-of-the-Month Effect; 3.2. Figure Anomalies; 3.2.1. Size Effect and Neglected-Firm Effect; 3.2.2. Book-to-Market-Ratio Effect; 3.2.3. Price-Earnings-Ratio Effect; 3.3. Market Efficiency Anomalies; 3.3.1. Index Effect; 3.3.2. Bubbles and Crashs; 3.3.3. Home Bias; 3.3.4. Over-reaction and Under-reaction; 3.3.5. Momentum Effect; 3.3.6. Mean Reversion Effect.
- 3.3.7. Announcement Effect3.3.9. Closed-End Fund Puzzle; 4. Empirical Evidence to the Capital Market Anomalies/Phenomena; 4.1. Empirical Evidence to the Calendar Anomalies; 4.1.1. Weekend Effect evidenced on International Markets; 4.1.2. Other Studies to the remaining Calendar Anomalies; 4.2. Empirical Evidence to the Figure Anomalies; 4.2.1. Size Effect and Neglected-Firm Effect evidenced on the SDAX and DAX; 4.2.2. Other Studies to the remaining Figure Anomalies; 4.3. Empirical Evidence to the Market Efficiency Anomalies; 4.3.1. Index Effect evidenced on the S & P 500.
- 4.3.2. Bubbles and Crashs evidenced on the Tulipmania5. Conclusion; 5.1. Critical Acclaim; 5.2. Target Achievement; 5.3. Perspective; Bibliography.