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Record Nr. |
UNINA9910784562703321 |
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Autore |
Shefrin Hersh <1948-> |
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Titolo |
A behavioral approach to asset pricing [[electronic resource] /] / Hersh Shefrin |
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Pubbl/distr/stampa |
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Amsterdam ; ; Boston, : Elsevier Academic Press, c2005 |
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ISBN |
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1-281-00836-2 |
9786611008369 |
0-08-047603-1 |
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Descrizione fisica |
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1 online resource (513 p.) |
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Collana |
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Academic Press advanced finance series |
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Disciplina |
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Soggetti |
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Capital assets pricing model |
Risk management |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references (p. [457]-471) and index. |
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Nota di contenuto |
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Cover; Contents; 1 Introduction; 1.1 Why Read This Book?; 1.2 Organization: How the Ideas in This Book Tie Together; 1.3 Summary; Part I - Heuristics and Representativeness: Experimental Evidence; 2 Representativeness and Bayes Rule: Psychological Perspective; 2.1 Explaining Representativeness; 2.2 Implications for Bayes Rule; 2.3 Experiment; 2.4 Representativeness and Prediction; 2.5 Summary; 3 Representativeness and Bayes Rule: Economics Perspective; 3.1 The Grether Experiment; 3.2 Representativeness; 3.3 Results; 3.4 Summary; 4 A Simple Asset Pricing Model Featuring Representativeness |
4.1 First Stage, Modified Experimental Structure 4.2 Expected Utility Model; 4.3 Equilibrium Prices; 4.4 Representativeness; 4.5 Second Stage: Signal-Based Market Structure; 4.6 Summary; 5 Heterogeneous Judgments in Experiments; 5.1 Grether Experiment; 5.2 Heterogeneity in Predictions of GPA; 5.3 The De Bondt Experiment; 5.4 Why Some Bet on Trends and Others Commit Gambler's Fallacy; 5.5 Summary; Part II - Heuristics and Representativeness: Investor Expectations; 6 Representativeness and Heterogeneous Beliefs Among Individual Investors, Financial Executives, and Academics |
6.1 Individual Investors 6.2 The Expectations of Academic Economists; 6.3 Financial Executives; 6.4 Summary; 7 Representativeness and Heterogeneity in the Judgments of Professional Investors; 7.1 |
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