'Stock-Market Psychology gives an excellent overview of the state-of-the-art literature on this subject in the fields of economics, psychology and finance. . . a comprehensive overview of the behavior of investors in the stock market. As such, this book is valuable for the classroom. . . Stock-Market Psychology provides researchers with numerous ideas for future research and readers with useful and fun tips without taking away our hopes of ever becoming rich from investing in stocks. What more is there to ask from a book?' - Joost M.E. Pennings, Journal of Economic Psychology 'George Goodman (Adam Smith) once wrote, qyou can find out who you are by investing in the stock market, but it will be an expensive lessonq. It is far smarter and cheaper to read WAcrneryd's book instead. At a time when global stock markets are driven by emotions and passions, and are highly volatile, Chapter Six will tell you why, far better than a hundred analysts' reports.' - Shlomo Maital, TIM-Technion Institute of Management and the Samuel Neaman Institute for Advanced Studies in Science and Technology, Israel The rationale behind how people value and trade stocks is of unparalleled interest to governments, companies and other participants in stock markets. The book focuses on the way in which investors process information and form expectations about future gains. It argues that humans fall short of the perfect information processing required by theory, and that their expectations are based on more than just future company earnings.Conversely, when stock prices fall dramatically, investors are discouraged from investing and driven out of the market. ... Numerous attempts have been made to explain the international market crash of October 1987. ... also rejects the hypothesis: Although they succeed in generating a pattern similar to the market crash, the actual amount of portfolio insurance during the market crash of 1987 seems toanbsp;...
|Author||:||Karl Erik W‹rneryd|
|Publisher||:||Edward Elgar Publishing - 2001-01-01|