Financial decision making : understanding Chinese investment behavior
Author(s)
Bibliographic Information
Financial decision making : understanding Chinese investment behavior
Routledge, 2017
- : pbk
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Note
Includes index
Description and Table of Contents
Description
This book sheds light on financial decision making and lays down the major biases in human behavioral decision making, such as over-confidence, naive extrapolation, attention, and risk aversion, and how they lead investors and corporations to make considerable mistakes in investment.
It draws on a large body of literature, from psychology and social psychology to, most importantly, behavioral economics and behavioral finance. It also looks at the progress in behavioral finance research over recent decades and includes research outputs based on retail and institutional investors from the United States, China, and many other international financial markets.
The book focuses on China's financial reforms and economic transition and includes many cases from that country to highlight the importance of behavioral finance and investor education. It therefore provides much needed in-depth understanding of the Chinese capital market.
Table of Contents
1 Disappointing performance
2 Unsettled investors
3 Under-diversified portfolios
4 Mistimed timing and misguided stock picking
5 Disappointing mutual fund performance
6 Irrational mind
7 Behavioral biases and investment decision making
8 Difficult history
9 Learning by investing
10 Over-confident CEOs
11 Catering CEOs
12 Risk management! Risk management!
13 Regulation and government decision making: the behavioral biases of governments and regulators
14 How to reform
by "Nielsen BookData"