Asset Price Response to New Information

The Effects of Conservatism Bias and Representativeness Heuristic

Business & Finance, Economics, Macroeconomics, Finance & Investing, Finance
Cover of the book Asset Price Response to New Information by Guo Ying Luo, Springer New York
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Guo Ying Luo ISBN: 9781461493693
Publisher: Springer New York Publication: October 16, 2013
Imprint: Springer Language: English
Author: Guo Ying Luo
ISBN: 9781461493693
Publisher: Springer New York
Publication: October 16, 2013
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer New York

Cover of the book Redo Cardiac Surgery in Adults by Guo Ying Luo
Cover of the book Atlas of Differential Diagnosis in Breast Pathology by Guo Ying Luo
Cover of the book Androgen Action in Prostate Cancer by Guo Ying Luo
Cover of the book Reviews of Environmental Contamination and Toxicology by Guo Ying Luo
Cover of the book Neurobiology of Actin by Guo Ying Luo
Cover of the book Crohn's Disease and Ulcerative Colitis by Guo Ying Luo
Cover of the book Origins of Altruism and Cooperation by Guo Ying Luo
Cover of the book Nanomedicine by Guo Ying Luo
Cover of the book Quantum Dot Solar Cells by Guo Ying Luo
Cover of the book The First Half of the Age of Oil by Guo Ying Luo
Cover of the book NanoCellBiology of Secretion by Guo Ying Luo
Cover of the book The Body and Social Psychology by Guo Ying Luo
Cover of the book Grid Integration and Dynamic Impact of Wind Energy by Guo Ying Luo
Cover of the book Ten Years of Progress in GW/P Body Research by Guo Ying Luo
Cover of the book Howler Monkeys by Guo Ying Luo
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy