From Efficient Markets Theory to Behavioral Finance

By Vikas Jain. 2003

1,272 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/c97359762f237a1d2542b7e2a0149f003bd9c4a3

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Citations in the corpus

The Profitability of Technical Analysis: A Review (2004, background): “In the early 1990s, several financial economists developed the field of behavioral finance, which is “finance from a broader social science perspective including psychology and sociology” (Shiller 2003, p. 83).”
Groupthink: Collective Delusions in Organizations and Markets (2013, background): “For detailed accounts of market manias and crashes, see Mackay (1980), Kindleberger and Aliber (2005) and Shiller (2005). Most recently, the Inspector General’s Report (2009) on the SEC’s failure concerning the Madoff scheme has over 130 mentions of the words “red flags”.”
Climate finance and disclosure for institutional investors: why transparency is not enough (2019, background): “Research on barriers to the low-carbon transition arising from financial behavioural (first domain) characteristics is increasingly prominent (Kahneman and Tversky 1979; Samuelson and Zeckhauser 1988; Shiller 2003, 2015; De Grauwe and Macchiarelli 2015).”
Restricted Boltzmann machine based stock market trend prediction (2017, background): “As presented by Shiller [13], theoretical models of efficient financial markets that represent everyone as rational optimisers can be no more than metaphors for the world around us.”
Marketing and Firm Value: Metrics, Methods, Findings, and Future Directions (2009, positive): “Second, investor familiarity bias occurs because investors are cognitively unable to apply the same level of expertise across an entire universe of stocks (Freider and Subrahmanyam 2005; Shiller 2003).”
The Role of Corporate Reputation in Determining Investor Satisfaction and Loyalty (2007, neutral): “The Loyalty of Individual Investors Investor behavior has been the subject of diverse studies in the fi eld of behavioral fi nance (eg Shleifer, 2000 ; Shefrin, 2002 ; Shiller, 2003 ) that approach the subject with psychological or sociological theories.”
Econometric Tests of Asset Price Bubbles: Taking Stock (2008, neutral): “The data are from Shiller (2003).”
Assessing the impact of fair value upon financial crises (2007, background): “Under this respect, the long term evolutions of American stock market exhibit a large volatility, much more important than should imply the evolution of dividend and earnings (Shiller, 2003).”