A Behavioral Approach to Asset Pricing

  title={A Behavioral Approach to Asset Pricing},
  author={H. Shefrin},
Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of understanding investor behavior and stock market activity. Incorporating the latest research and theory, Shefrin offers both a strong theory and efficient empirical tools that address derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio. The book provides a series of examples to illustrate the… Expand
450 Citations
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