Year: 1999
Type: book-chapter
Abstract: Recent literature in empirical finance is surveyed in its relation to underlying behavioral principles, principles which come primarily from psychology, sociology, and anthropology. The behavioral principles discussed are: prospect theory, regret and cognitive dissonance, anchoring, mental compartments, overconfidence, over- and under-reaction, representativeness heuristic, the disjunction effect, gambling behavior and speculation, perceived irrelevance of history, magical thinking, quasi-magical thinking, attention anomalies, the availability heuristic, culture and social contagion, and global culture.
Source: Handbook of macroeconomics
Author: Robert J. Shiller
Institution: Yale University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: hybrid
Funder: National Science Foundation
OpenAlex ID: W1532734371