Demystifying Behavioral Finance

Foundational Theories to Contemporary Applications and Future Directions

Kok Loang Ooi (Autor)

Buch | Hardcover

147 Seiten

2025
Springer Nature Switzerland AG (Verlag)
9789819626892 (ISBN)

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This book provides a thorough examination of behavioural finance, charting its development from foundational theories to contemporary applications and future directions. It delves into the psychological underpinnings of investor behaviour, elucidating how cognitive biases and emotional responses shape financial markets. Beginning with the seminal theories such as Prospect Theory by Kahneman and Tversky, the book explores the contributions of pioneering researchers who laid the groundwork for this field. It then transitions to modern behavioural finance theories, presenting significant research findings and their implications for today's financial landscape. Through detailed case studies, the book illustrates the practical application of behavioural finance principles in investment strategies, corporate finance, and personal finance, offering readers valuable real-world insights. Case studies include analyses of market anomalies like the Tulip Mania and the Dot-com Bubble, as well as modern market disruptions such as the 2008 Financial Crisis, the market reactions during the COVID-19 pandemic, and recent events like the GameStop short squeeze and the cryptocurrency market fluctuations. These examples highlight the influence of behavioural factors on market stability and investor behaviour.

Additionally, the book investigates emerging trends and technologies, such as AI and machine learning, and their impact on behavioural finance. It also offers a global perspective, comparing behavioural finance across different cultural and market contexts. The concluding section discusses the policy implications of behavioural finance insights and forecasts the field's future trajectory. Aimed at academics, finance professionals, and advanced students, this book is an indispensable resource for those seeking to understand the intricate relationship between psychology and finance, and a significant contribution to the literature on financial behaviour.

Kok Loang Ooi is a renowned expert in behavioural finance and capital markets, currently serving at the University of Malaya (UM) in the Department of Finance, Faculty of Business and Economics. He holds a Master's degree in Finance and a PhD in Behavioural Finance from Universiti Sains Malaysia (USM), and a Master's degree in Law from the International Islamic University Malaysia (IIUM). Additionally, he is a US Certified Internal Auditor (CIA) with professional experience as an auditor at KPMG. Dr. Ooi has published multiple articles in high-impact SSCI and top-tier Scopus journals and serves as a reviewer in the field of behavioural finance. With an H-index of 13 within just three years, his academic contributions are complemented by his tenure as Deputy Dean at a prestigious private university and his active involvement in research and professional organizations, making him a leading figure in the study and application of behavioural finance.

Part 1: The Past.- 1. Early Concepts and Theories.- 2. Behavioural Anomalies and Market Inefficiencies.- 3. Behavioural Finance and Traditional Finance.- Part 2: Behavioral Finance in Today’s Markets.- 4. Modern Behavioural Finance Theories.- 5. Practical Applications and Case Studies.- 6. Behavioural Finance and Financial Crises.- 7. Psychological Drivers of Stock Market Behavior.- 8. Market Inefficiencies and Behavioral Influences.- Part 3: The Future of Behavioral Finance.- 9. Emerging Trends and AI Technologies.- 10. Behavioural Finance in a Global Context.- 11. Policy Implications and Future Directions.

Erscheinungsdatum	15.05.2025
Zusatzinfo	4 Illustrations, black and white
Verlagsort	Cham
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Geisteswissenschaften ► Psychologie ► Arbeits- und Organisationspsychologie
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
Schlagworte	Artificial Intelligence and behavioural finance • Cognitive biases and financial markets • Contemporary applications of behavioural finance • Emotional responses and financial markets • Foundational theories of behavioural finance • Prospect Theory by Kahneman and Tversky
ISBN-13	9789819626892 / 9789819626892
Zustand	Neuware