Asset Price Response to New Information [electronic resource] :The Effects of Conservatism Bias and Representativeness Heuristic / by Guo Ying Luo.
by Luo, Guo Ying [author.]; SpringerLink (Online service).
Material type:
BookSeries: SpringerBriefs in Finance: Publisher: New York, NY : Springer New York : 2014.Description: VII, 70 p. online resource.ISBN: 9781461493693.Subject(s): Economics | Finance | Economics/Management Science | Finance/Investment/Banking | Financial Economics | Economic TheoryDDC classification: 657.8333 | 658.152 Online resources: Click here to access online | Item type | Current location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|
| HG4501-6051 (Browse shelf) | Available | ||||
| HG1501-HG3550 (Browse shelf) | Available | ||||
| Long Loan | MAIN LIBRARY | HG1-9999 (Browse shelf) | Available |
Close shelf browser
| HF5469.7-5481 China’s Road Ahead | HM1001-1281 Personal Peacefulness | HG1-9999 Asset Price Response to New Information | HG4501-6051 Asset Price Response to New Information | HG1501-HG3550 Asset Price Response to New Information | HV40-69.2 Psychosocial Impact of Polygamy in the Middle East | CC1-960 An Archaeology of the Margins |
Chapter 1 Introduction -- Chapter 2 Conservatism bias and asset price overreaction or underreaction to new information in a competitive securities market -- Chapter 3 Conservatism bias and asset price overreaction or underreaction to new information in the presence of strategic interaction -- Chapter 4 Representativeness heuristic and asset price overreaction or underreaction to new information in a competitive securities market -- Chapter 5 Representativeness heuristic and asset price overreaction or underreaction to new information in the presence of strategic interaction -- Chapter 6 The presence of representativeness heuristic and conservatism bias in an asset market -- Chapter 7 Conclusion -- Appendix -- References.
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 a security 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.
There are no comments for this item.