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The Financial Consequences of Behavioural Biases

An Analysis of Bias in Corporate Finance and Financial Planning

Authors: Moosa, Imad A., Ramiah, Vikash

  • Features comprehensive treatment of behavioural biases
  • Provides an outlook for behavioural finance
  • Includes guidelines for profiling financial planners and corporate treasurers
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eBook $54.99
price for USA in USD
  • ISBN 978-3-319-69389-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA in USD
About this book

This book provides a concise analysis of behavioural biases and their implications for financial decision making. The book is written in the normative tradition, arguing strongly for the superiority of behavioural finance with respect to explaining observed phenomena in financial markets. It offers some unique features, including a discussion of the issue of conspiracy theory and how behavioural biases lead to belief in conspiracy theories. Lingering belief in the principles of neoclassical finance is attributed in part to the doctrine of publish or perish, which dominates contemporary academia. The offshoots of behavioural finance are discussed in detail, including ecological finance, environmental finance, social finance, experimental finance, neurofinance, and emotional finance. A comprehensive discussion of narcissism is presented where it is demonstrated that narcissistic behaviour is prevalent in the finance industry and that it led to the eruption of the global financial crisis.

About the authors

Imad A. Moosa is Professor of Finance at RMIT University, Australia. Before coming to academia, he worked in investment banking for a period of ten years. He has published extensively in both economics and finance.
Vikash Ramiah is Associate Professor of Finance at the University of South Australia. He has published extensively in behavioural and environmental finance, and he is a research fellow for the Institute of Global Business and Society, TH Köln, and Tianjin Academy of Environmental Sciences.

Table of contents (7 chapters)

Table of contents (7 chapters)
  • The Rise and Fall of Neoclassical Finance

    Pages 1-25

    Moosa, Imad A. (et al.)

  • The Rise and Rise of Behavioural Finance

    Pages 27-44

    Moosa, Imad A. (et al.)

  • Overconfidence and Self-Serving Bias

    Pages 45-69

    Moosa, Imad A. (et al.)

  • Loss Aversion Bias, the Disposition Effect and Representativeness Bias

    Pages 71-92

    Moosa, Imad A. (et al.)

  • Other Biases in the Behavioural Finance Literature

    Pages 93-124

    Moosa, Imad A. (et al.)

Buy this book

eBook $54.99
price for USA in USD
  • ISBN 978-3-319-69389-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $69.99
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
The Financial Consequences of Behavioural Biases
Book Subtitle
An Analysis of Bias in Corporate Finance and Financial Planning
Authors
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-69389-7
DOI
10.1007/978-3-319-69389-7
Hardcover ISBN
978-3-319-69388-0
Edition Number
1
Number of Pages
XV, 174
Number of Illustrations
12 b/w illustrations
Topics