Recent Research on Behavioral and Experimental Finance
A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Applied Economics and Finance".
Deadline for manuscript submissions: closed (31 July 2023) | Viewed by 5248
Special Issue Editor
Special Issue Information
Dear Colleagues,
Neoclassical finance postulates that individuals are rational information processors, who reach decisions based on precise mathematical tools, independent of their emotions and with the purpose of maximizing their utility. This theoretical construct has largely been challenged since the 1980s, via a series of findings from behavioral and experimental finance studies; these findings showcased that human behavior often reflects departures from the rational paradigm, both at the individual level (as the presence of a host of biases and heuristics suggests) and the collective level (given the broad evidence in favor of herding and trend-chasing phenomena internationally). Evidence on the above hails from analytical (i.e., mathematical modelling based), experimental and empirical (relying on both micro/transactions and aggregate data) finance studies covering a broad cross section of asset classes and markets of various stages of development. These deviations from rationality can have severe repercussions for social welfare and potentially foster market destabilization; thus, they are of clear relevance to regulatory and policy-making authorities. Submissions are invited that cover the whole spectrum of behavioral and experimental finance applications, including financial decisions and biases, behavioral corporate finance, behavioral asset pricing, emotions, sentiment, social finance, culture, superstitions, retail and institutional investors’ behavior, herding and bubbles, to mention just a few.
Dr. Vasileios Kallinterakis
Guest Editor
Manuscript Submission Information
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Keywords
- behavioral biases and financial decisions
- behavioral corporate finance
- behavioral asset pricing
- investors' sentiment and emotions
- retail and institutional investors' behavior
- herding and bubbles
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