It takes the average reader 6 hours and 4 minutes to read The Behavioral Economics of Foreign Exchange Markets by Robert Schmidt
Assuming a reading speed of 250 words per minute. Learn more
This book deals with psychological factors, which may be important for understanding the observable exchange rate movements. Thus, the study belongs to the new research field of behavioral economics, which considers the relevance of psychological factors in economic contexts. The main objective of behavioral economists is to develop a more realistic view of the actual human behavior in the context of economics. Central to the concept of behavioral economics is the assumption that humans' actual behavior deviates from the ideal of economic rationality due to at least two reasons: first, decisions are usually based on an incomplete information basis and, second, the information processing of human beings is limited by their computational capacities. Due to these limitations people are forced to apply simple heuristics in information processing. Our aim is to analyze the relevance of simple heuristics in the context of foreign exchange markets. In our view, the decision situation in foreign exchange markets can serve as a prime example for decision situations in which simple heuristics are especially relevant as the complexity of the decision situation is very high.
The Behavioral Economics of Foreign Exchange Markets by Robert Schmidt is 362 pages long, and a total of 91,224 words.
This makes it 122% the length of the average book. It also has 111% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 8 hours and 18 minutes to read The Behavioral Economics of Foreign Exchange Markets aloud.
The Behavioral Economics of Foreign Exchange Markets 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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