04258oam 2200865 c 450 991102603310332120251102090541.0978373988119537398811949783739881195(MiAaPQ)EBC7187454(Au-PeEL)EBL7187454(CKB)26068936700041(Perlego)3833820(UVK Verlag)9783739881195(Narr)9783739881195(EXLCZ)992606893670004120251102d2023 uy 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierBehavioral Finance Limited Rationality in Financial Markets /Rolf J. Daxhammer, Mate Facsar, Zsolt Alexander Papp3rd ed.TübingenUVK Verlag20231 online resource (404 pages)[3rd edition]9783739805863 3739805862 9783739831190 3739831197 Section 1: The Homo Economicus in the center of Traditional Finance 1. How Traditional Finance shaped the Rational Economic Man 2. Limitations of the traditional finance theory Section II: Recurring speculative bubbles - triggered by the Homo Oeconomicus Humanus 3. Investor behavior from the perspective of Behavioral Finance 4. Speculative bubbles as a sign of market anomalies 5. Historical speculative asset price bubbles Section III: Homo Oeconomicus Humanus in information and decision making processes 6. Phases of decisions making 7. Limited rationality in the perception of information 8. Limited rationality in the processing of information 9. Limited rationality in investment decisions Section IV: Applications of Behavioral Finance and recent developments 10. Applications of Behavioral Finance in Wealth Management 11. Application of Behavioral Finance in corporate management 12. Financial Nudging - behavioral approaches for better financial decisions 13. Further development of Behavioral Finance - a look into the futureOver the last 50 years, neoclassical financial theory has been dominating our perception of what is happening in financial markets. It has spurred numerous valuable theories and concepts all based on the concept of Homo Economicus, the strictly rational economic man. However, humans do not always act in a strictly rational manner. For students and practitioners alike, our book aims at opening the door to another perspective on financial markets: a behavioral perspective based on a Homo Oeconomicus Humanus. This agent acts with limited rationality when making decisions. He/she uses heuristics and shortcuts and is prone to the influence of emotions. This sounds familiar in real life and can be transferred to what happens in financial markets, too.Homo EconomicusTraditional FinanceRational Economic Manfinance theoryspeculative bubblesinvestor behaviormarket anomaliesasset price bubblesdecision making processeslimited rationalityperception of informationinvestment decisionsWealth Managementcorporate managementFinancial NudginHomo EconomicusTraditional FinanceRational Economic Manfinance theoryspeculative bubblesinvestor behaviormarket anomaliesasset price bubblesdecision making processeslimited rationalityperception of informationinvestment decisionsWealth Managementcorporate managementFinancial Nudgin332.019Daxhammer Rolf Jaut1847499Facsar MateautPapp Zsolt AlexanderautMiAaPQMiAaPQMiAaPQBOOK9911026033103321Behavioral Finance4433184UNINA