Zhu Financial Decision Making

Understanding Chinese Investment Behavior
Erscheinungsjahr 2017
ISBN: 978-1-317-21518-9
Verlag: CRC Press
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 136 Seiten

Reihe: Routledge Studies in the Modern World Economy

This book sheds insight into financial decision making and lays down the major biases in human behavioral decision making, such as over-confidence, naïve extrapolation, attention, risk aversion, and how they lead investors and corporations to make considerable mistakes in investment.

The book draws from a large body of literature from psychology, social psychology, and most importantly, behavioral economics and behavioral finance. It also looks at the progress in behavioral finance research in the past decades and includes research outputs based on retail and institutional investors from the U.S., China, and many other international financial markets.

This book focuses China’s financial reforms and economic transition and uses many cases and results on China to highlight the importance of behavioral finance and investor education. It provides the much needed in-depth understanding of Chinese capital market.

Autoren/Hrsg.

Zhu, Ning

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftswissenschaften: Allgemeines

Inhaltsverzeichnis

1. Disappointing Performance

2. Unsettled Investors

3. Under-diversified Portfolios

4. Mistimed Timing and Misguided Stock Picking

5. Disappointing Mutual Fund Performance

6. Irrational Mind

7. Behavioral Biases and Investment Decision Making

8. Difficult History

9. Learning by Investing?

10. Overconfident CEOs

11. Catering CEOs

12. Risk Management! Risk Management!

13. Regulation and Government Decision Making: The Behavioural Biases of Governments and Regulators

14. How to Reform

Über Autor(innen)

Ning Zhu is a Deputy Director at National Institute of Financial Research, and FanHai Professor of Finance at PBC School of Finance, Tsinghua University, Professor of Finance at the Shanghai Advanced Institute of Finance, Faculty Fellow at the Yale University International Center for Finance, and Special Term Professor of Finance at University of California, Davis and at Guanghua School of Management at Beijing University. Prior to coming back to Asia, he was a tenured Professor of Finance at University of California. Professor Zhu is an expert on behavioral finance, investments, corporate finance, and the Asian financial markets. He has published numerous articles in leading journals in the finance, economics, management and legal fields. In addition to his academic research, Professor Zhu helps asset management companies in a wide range of capacities.