The Financial Consequences of Behavioural Biases: An Analysis of Bias in Corporate Finance and Financial Planning

Author:   Imad A. Moosa ,  Vikash Ramiah
Publisher:   Springer International Publishing AG
Edition:   1st ed. 2017
ISBN:  

9783319693880


Pages:   174
Publication Date:   10 November 2017
Format:   Hardback
Availability:   Manufactured on demand   Availability explained
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The Financial Consequences of Behavioural Biases: An Analysis of Bias in Corporate Finance and Financial Planning


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Overview

This book provides a concise analysis of behavioural biases and their implications for financial decision making. The book is written in the normative tradition, arguing strongly for the superiority of behavioural finance with respect to explaining observed phenomena in financial markets. It offers some unique features, including a discussion of the issue of conspiracy theory and how behavioural biases lead to belief in conspiracy theories. Lingering belief in the principles of neoclassical finance is attributed in part to the doctrine of publish or perish, which dominates contemporary academia. The offshoots of behavioural finance are discussed in detail, including ecological finance, environmental finance, social finance, experimental finance, neurofinance, and emotional finance. A comprehensive discussion of narcissism is presented where it is demonstrated that narcissistic behaviour is prevalent in the finance industry and that it led to the eruption of the global financial crisis.

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Author:   Imad A. Moosa ,  Vikash Ramiah
Publisher:   Springer International Publishing AG
Imprint:   Springer International Publishing AG
Edition:   1st ed. 2017
Weight:   3.544kg
ISBN:  

9783319693880


ISBN 10:   3319693883
Pages:   174
Publication Date:   10 November 2017
Audience:   Professional and scholarly ,  College/higher education ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. The Rise and Fall of Neoclassical Finance.- 2. The Rise and Rise of Behavioural Finance.- 3. Overconfidence and Self-Serving Bias.- 4. Loss Aversion Bias, the Disposition Effect and Representativeness Bias.- 5. Other Biases in the Behavioural Finance Literature.- 6. Recent Developments.- 7. Epilogue.

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Author Information

Imad A. Moosa is Professor of Finance at RMIT University, Australia. Before coming to academia, he worked in investment banking for a period of ten years. He has published extensively in both economics and finance. Vikash Ramiah is Associate Professor of Finance at the University of South Australia. He has published extensively in behavioural and environmental finance, and he is a research fellow for the Institute of Global Business and Society, TH Köln, and Tianjin Academy of Environmental Sciences.

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