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2019 | OriginalPaper | Buchkapitel

25. Behavioural Finance Then and Now

verfasst von : Danuta Miłaszewicz

Erschienen in: Effective Investments on Capital Markets

Verlag: Springer International Publishing

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Abstract

Behavioural finance, a relatively new field that is constantly developing, has grown up to criticize the assumptions and theories of standard finance. The aim of this article is to present the development of behavioural finance of the first and the second generation. The first generation of behavioural finance focused on the analysis of irrational decisions made by rational actors. The second generation of behavioural finance considers the decision-making processes of normal people. Its further development will be based on the achievements of neuroeconomics.

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Vorheriges Kapitel Methods of Examining the Neuronal Bases of Financial Decisions

Nächstes Kapitel Liquidity on the Capital Market with Asymmetric Information

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Titel: Behavioural Finance Then and Now
verfasst von: Danuta Miłaszewicz
Verlag: Springer International Publishing
Buch: Effective Investments on Capital Markets
Print ISBN: 978-3-030-21273-5

Electronic ISBN: 978-3-030-21274-2

Copyright-Jahr: 2019
DOI: https://doi.org/10.1007/978-3-030-21274-2_25