Finance and Psychology – A never-ending love story?! Behavioural Finance and its impact on the credit crunch in 2009
Title | Finance and Psychology – A never-ending love story?! Behavioural Finance and its impact on the credit crunch in 2009 PDF eBook |
Author | Patrick Kemtzian |
Publisher | diplom.de |
Pages | 56 |
Release | 2015-02-01 |
Genre | Business & Economics |
ISBN | 3863418921 |
In the last decades many financial crises have emerged, like the stock crash of 1987, the Asian crisis in 1997 and the global financial crisis that started in 2008. Although those crises occurred for different reasons, they all proved financial markets to be inefficient. Not all traders think rationally. Behavioural patterns cause irrationality amongst traders. Even after decades of research in this field, financial crises like the latest one in 2008 still develop out of a combination of different behavioural patterns like herding. As a consequence those patterns deserve an in-depth analysis that is conducted by the author in this work. In order to find out to what extent behavioural finance influences the decision –making process of traders and investors the seven most relevant behavioural patterns have been identified and analysed through qualitative research in form of primary research. The informal interview with the sophisticated trader Thomas Vittner serves as empirical evidence for the significance of the determined behavioural patterns. To find out, whether public investors and traders showed a herding behaviour towards analysts’ stock recommendations in the financial crisis and its recovery, quantitative research has been made by conducting an experiment. Stocks performances in relation to analysts’ recommendations were analysed and evaluated. The author’s selected behavioural patterns are influencing traders’ and investors’ decision-making processes to a large extent as their majority trades irrationally. The herding behaviour to follow analysts’ stock recommendations only holds partially in the crisis and in the recovery phase. The results show that whereas the majority of analysts’ recommendations matched with market trends before the crisis, only about half matched during the crisis and its recovery. People tended to follow the general signals of the market, rather than to recommendations given by analysts.
Finance and Psychology - a Never-Ending Love Story?!
Title | Finance and Psychology - a Never-Ending Love Story?! PDF eBook |
Author | Patrick Kemtzian |
Publisher | |
Pages | 60 |
Release | 2013-07 |
Genre | |
ISBN | 9783656271512 |
Master's Thesis from the year 2009 in the subject Business economics - Business Management, Corporate Governance, grade: 1,2, University of St Andrews, language: English, abstract: In the last decades many financial crises have emerged, like the stock crash of 1987, the Asian crisis in 1997 and the global financial crisis that started in 2008. Although those crises occurred for different reasons, they all proved financial markets to be inefficient. Not all traders think rationally. Behavioural patterns cause irrationality amongst traders. Even after decades of research in this field, financial crises like the latest one in 2008 still develop out of a combination of different behavioural patterns like herding. As a consequence those patterns deserve an in-depth analysis that is conducted by the author in this work. In order to find out to what extent behavioural finance influences the decision -making process of traders and investors the seven most relevant behavioural patterns have been identified and analysed through qualitative research in form of primary research. The informal interview with the sophisticated trader Thomas Vittner serves as empirical evidence for the significance of the determined behavioural patterns. To find out, whether public investors and traders showed a herding behaviour towards analysts' stock recommendations in the financial crisis and its recovery, quantitative research has been made by conducting an experiment. Stocks performances in relation to analysts' recommendations were analysed and evaluated. The author's selected behavioural patterns are influencing traders' and investors' decision-making processes to a large extent as their majority trades irrationally. The herding behaviour to follow analysts' stock recommendations only holds partially in the crisis and in the recovery phase. The results show that whereas 100% of analysts' recommendations matched with market trends before the crisis, only 50% matched during the crisis and its
The Sense of an Ending
Title | The Sense of an Ending PDF eBook |
Author | Julian Barnes |
Publisher | Vintage |
Pages | 158 |
Release | 2011-10-05 |
Genre | Fiction |
ISBN | 0307957330 |
BOOKER PRIZE WINNER • NATIONAL BESTSELLER • A novel that follows a middle-aged man as he contends with a past he never much thought about—until his closest childhood friends return with a vengeance: one of them from the grave, another maddeningly present. A novel so compelling that it begs to be read in a single setting, The Sense of an Ending has the psychological and emotional depth and sophistication of Henry James at his best, and is a stunning achievement in Julian Barnes's oeuvre. Tony Webster thought he left his past behind as he built a life for himself, and his career has provided him with a secure retirement and an amicable relationship with his ex-wife and daughter, who now has a family of her own. But when he is presented with a mysterious legacy, he is forced to revise his estimation of his own nature and place in the world.
How to Fall in Love with Anyone
Title | How to Fall in Love with Anyone PDF eBook |
Author | Mandy Len Catron |
Publisher | Simon and Schuster |
Pages | 211 |
Release | 2017-06-27 |
Genre | Family & Relationships |
ISBN | 1501137468 |
“A beautifully written and well-researched cultural criticism as well as an honest memoir” (Los Angeles Review of Books) from the author of the popular New York Times essay, “To Fall in Love with Anyone, Do This,” explores the romantic myths we create and explains how they limit our ability to achieve and sustain intimacy. What really makes love last? Does love ever work the way we say it does in movies and books and Facebook posts? Or does obsessing over those love stories hurt our real-life relationships? When her parents divorced after a twenty-eight year marriage and her own ten-year relationship ended, those were the questions that Mandy Len Catron wanted to answer. In a series of candid, vulnerable, and wise essays that takes a closer look at what it means to love someone, be loved, and how we present our love to the world, “Catron melds science and emotion beautifully into a thoughtful and thought-provoking meditation” (Bookpage). She delves back to 1944, when her grandparents met in a coal mining town in Appalachia, to her own dating life as a professor in Vancouver. She uses biologists’ research into dopamine triggers to ask whether the need to love is an innate human drive. She uses literary theory to show why we prefer certain kinds of love stories. She urges us to question the unwritten scripts we follow in relationships and looks into where those scripts come from. And she tells the story of how she decided to test an experiment that she’d read about—where the goal was to create intimacy between strangers using a list of thirty-six questions—and ended up in the surreal situation of having millions of people following her brand-new relationship. “Perfect fodder for the romantic and the cynic in all of us” (Booklist), How to Fall in Love with Anyone flips the script on love. “Clear-eyed and full of heart, it is mandatory reading for anyone coping with—or curious about—the challenges of contemporary courtship” (The Toronto Star).
The Saturday Review of Politics, Literature, Science, Art, and Finance
Title | The Saturday Review of Politics, Literature, Science, Art, and Finance PDF eBook |
Author | |
Publisher | |
Pages | 664 |
Release | 1915 |
Genre | Literary and political reviews |
ISBN |
Best Life
Title | Best Life PDF eBook |
Author | |
Publisher | |
Pages | 128 |
Release | 2006-06 |
Genre | |
ISBN |
Best Life magazine empowers men to continually improve their physical, emotional and financial well-being to better enjoy the most rewarding years of their life.
Censorship
Title | Censorship PDF eBook |
Author | Derek Jones |
Publisher | Routledge |
Pages | 2950 |
Release | 2001-12-01 |
Genre | Reference |
ISBN | 1136798641 |
First published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.