Downloads: 112 | Views: 266 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1
Research Paper | Financial Engineering | India | Volume 4 Issue 3, March 2015 | Popularity: 6.3 / 10
Evolutions and Challenges of Behavioral Finance
Dr. V. Raman Nair, Anu Antony
Abstract: This article presents the evolution of behavioral finance, which is a new approach in capital market. This study reveals the effect of psychological factors in investment decision making process, which was a strong contradiction to the Efficient Market Hypothesis. Behavioral finance is not a replacement to the classical finance paradigm, but an alternative solution to explain the market inefficiency and the irrational behavior of investor.
Keywords: behavioral finance, classical finance, market efficiency, investment decision, psychological factors, market anomalies
Edition: Volume 4 Issue 3, March 2015
Pages: 1055 - 1059
Make Sure to Disable the Pop-Up Blocker of Web Browser