Asset Price Response to New Information - The Effects of Conservatism Bias and Representativeness Heuristic (Paperback, 2014 ed.)

"Asset Price Response to New Information" examines the effect of two types of psychological biases (namely, conservatism bias and representativeness heuristic) on the asset price reaction to new information. The author constructs various models of a competitive securities market or asecurity market allowing for strategic interaction among traders to prove rigorously that either conservatism or representativeness is capable of generating both asset price overreaction and underreaction to new information. The results shed some new insights on the phenomena of the asset price overreaction and underreaction to new information. In the literature, very little has been published in this area of behavioral finance. This volume will appeal to graduate-level students and researchers in finance, behavioral finance, and financial engineering."

General

Imprint:	Springer-Verlag New York
Country of origin:	United States
Series:	SpringerBriefs in Finance
Release date:	October 2013
First published:	2014
Authors:	Guo Ying Luo
Dimensions:	235 x 155 x 4mm (L x W x T)
Format:	Paperback
Pages:	70
Edition:	2014 ed.
ISBN-13:	978-1-4614-9368-6
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Macroeconomics > Monetary economics
LSN:	1-4614-9368-4
Barcode:	9781461493686

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