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Erschienen in:
2013 | OriginalPaper | Buchkapitel
Psychological Aspects of Decision Making
verfasst von : Adam Szyszka
Erschienen in: Behavioral Finance and Capital Markets
Verlag: Palgrave Macmillan US
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In its quest to explain the phenomena taking place in the capital market, behavioral finance has drawn a lot on psychological findings applying selected insights of this branch of science to the study of investor behavior. The great majority of these insights do not provide theoretical background as such. Rather, they concern certain phenomena previously described by psychology which were later transposed onto economics and finance. Only then were they used to construct models of investor behavior and develop a new school of thought in the theory of finance.