000			04227cam a2200361 a 4500
999			_c1045 _d1045
001			15292798
005			20210829110211.0
008			080507s2008 ne a b 001 0 eng d
020			_a9780123743565 (hardcover)
020			_a0123743567 (hardcover)
040			_aFUE _cDLC _dC#P _dBAKER _dBWX _dDLC _erda
082	0	0	_a332.63221 _222 _bS.H.B
100	1		_aShefrin, Hersh, _d1948- _94404 _eauthor
245	1	2	_aA behavioral approach to asset pricing / _cHersh Shefrin.
250			_aSecond edition
264		1	_aAmsterdam ; _aBoston : _bAcademic Press/Elsevier, _c[2008]
264		4	_a©2008.
300			_axxvii, 604 pages : _billustrations ; _c24 cm.
336			_2rdacontent _atext
337			_2rdamedia _aunmediated
338			_2rdacarrier _avolume
440		0	_aAcademic Press advanced finance series _94405
504			_aIncludes bibliographical references (p. [563]-586) and index.
505		0	_a1. Introduction -- I. Heuristics and representativeness : experimental evidence -- 2. Representativeness and Bayes rule : psychological perspective -- 3. Representativeness and Bayes rule : economics perspective -- 4. simple asset pricing model featuring representativeness -- 5. Heterogeneous judgments in experiments -- II. Heuristics and representativeness : investor expectations -- 6. Representativeness and heterogeneous beliefs among individual investors, financial executives, and academics -- 7. Representativeness and heterogeneity in the judgments of professional investors -- III. Developing behavioral asset pricing models -- 8. simple asset pricing model with heterogeneous beliefs -- 9. Heterogeneous beliefs and inefficient markets -- 10. simple market model of prices and trading volume -- 11. Efficiency and entropy : long-run dynamics -- IV. Heterogeneity in risk tolerance and time discounting -- 12. CRRA and CARA utility functions -- 13. Heterogeneous risk tolerance and time preference -- 14. Representative investors in a heterogeneous CRRA model -- V. Sentiment and behavioral SDF -- 15. Sentiment -- 16. Behavioral SDF and the sentiment premium -- VI. Applications of behavioral SDF -- 17. Behavioral betas and mean-variance portfolios -- 18. Cross-section of return expectations -- 19. Testing for a sentiment premium -- 20. behavioral approach to the term structure of interest rates -- 21. Behavioral Black-Scholes -- 22. Irrational exuberance and option smiles -- 23. Empirical evidence in support of behavioral SDF -- VII. Behavioral preferences -- 24. Prospect theory : introduction -- 25. Prospect theory portfolios -- 26. SP/A theory : introduction -- 27. SP/A-based behavioral portfolio theory -- 28. Equilibrium with behavioral preferences -- 29. disposition effect : trading behavior and pricing -- 30. Reflections on the equity premium puzzle VIII. Future directions and closing comments -- 31. Continuous time behavioral equilibrium models -- 32. Conclusion.
520			_a"Incorporating the latest theory and empirical research, the second edition of A Behavioral Approach to Asset Pricing provides the most up-to-date and comprehensive discussion of how psychology affects market activity. The key message remains: that the future of asset pricing theory lies in bringing together the powerful SDF-based tools adopted by neoclassical asset pricing theorists and the more realistic assumptions adopted by behavioral asset pricing theorists. The most important equation in the first edition is the decomposition of the log-SDF into sentiment and a fundamental component. In the second edition, Shefrin extends the analysis to demonstrate how this equation can be generalized to encompass the combination of behavioral preferences and behavioral beliefs. This generalization provides a unified approach that ties together the main ideas in the book."--BOOK JACKET.
650		0	_aCapital assets pricing model.
650		0	_aRisk management.
856			_3Abstract _uhttp://repository.fue.edu.eg/xmlui/handle/123456789/2548
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2ddc _cBK