It takes the average reader 5 hours and 47 minutes to read Finance and the Behavioral Prospect by James Ming Chen
Assuming a reading speed of 250 words per minute. Learn more
This book explains how investor behavior, from mental accounting to the combustible interplay of hope and fear, affects financial economics. The transformation of portfolio theory begins with the identification of anomalies. Gaps in perception and behavioral departures from rationality spur momentum, irrational exuberance, and speculative bubbles. Behavioral accounting undermines the rational premises of mathematical finance. Assets and portfolios are imbued with “affect.” Positive and negative emotions warp investment decisions. Whether hedging against intertemporal changes in their ability to bear risk or climbing a psychological hierarchy of needs, investors arrange their portfolios and financial affairs according to emotions and perceptions. Risk aversion and life-cycle theories of consumption provide possible solutions to the equity premium puzzle, an iconic financial mystery. Prospect theory has questioned the cogency of the efficient capital markets hypothesis. Behavioral portfolio theory arises from a psychological account of security, potential, and aspiration.
Finance and the Behavioral Prospect by James Ming Chen is 343 pages long, and a total of 86,779 words.
This makes it 116% the length of the average book. It also has 106% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 7 hours and 54 minutes to read Finance and the Behavioral Prospect aloud.
Finance and the Behavioral Prospect is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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