图书名称：Asset Price Response to New Information: The Effects of Conservatism Bias and Representativeness Heuristic
作者：Guo Ying Luo
出版社：Springer
页数：70
出版时间：2014
语言：English
格式：pdf
内容简介：
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.

Table of Content

Front Matter Pages i-vii

1、Introduction Pages 1-4

2、Conservatism Biasand Asset Price Overreaction or Underreaction to New Information in a Competitive Securities Market Pages5-14

3、Conservatism Biasand Asset Price Overreaction or Underreaction to New Informationin the Presence of Strategic InteractionPages 15-25

4、Representativeness Heuristic and Asset Price Overreaction or Underreaction to New Information in aCompetitive Securities Market Pages27-39

5、Representativeness Heuristic and Asset Price Overreaction or Underreaction to new Information inthe Presence of Strategic InteractionPages 41-51

6、The Presence of Representativeness Heuristic and Conservatism Bias in an Asset Market Pages 53-63

7、Conclusion Pages 65-65

Back Matter Pages 67-70

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