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Author : Donald D. Hester
Publisher :
ISBN 13 :
Total Pages : 282 pages
Book Rating : 4.:/5 (321 download)
Download or read book Studies of Portfolio Behavior written by Donald D. Hester and published by . This book was released on 1967 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : C. Thomas Howard
Publisher : Harriman House Limited
ISBN 13 : 0857193252
Total Pages : 329 pages
Book Rating : 4.8/5 (571 download)
Download or read book Behavioral Portfolio Management written by C. Thomas Howard and published by Harriman House Limited. This book was released on 2014-03-17 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: The investment industry is on the cusp of a major shift, from Modern Portfolio Theory (MPT) to Behavioral Finance, with Behavioral Portfolio Management (BMP) the next step in this transition. BPM focuses on how to harness the price distortions that are driven by emotional crowds and use this to create superior portfolios. Once markets and investing are viewed through the lens of behavior, and portfolios are constructed on this basis, investable opportunities become readily apparent. Mastering your emotions is critical to the process and the insights provided by Tom Howard put investors on the path to achieving this. Forty years of Behavioral Science research presents a clear picture of how individuals make decisions; there are few signs of rationality. Indeed, emotional investors sabotage their own efforts in building long-horizon wealth. When this is combined with the misconception that active management is unable to generate superior returns, the typical emotional investor leaves hundreds of thousands, if not millions, of dollars on the table during their investment lifetimes. Howard moves on to show how industry practice, with its use of the style grid, standard deviation, correlation, maximum drawdown and the Sharpe ratio, has entrenched emotion within investing. The result is that investors construct underperforming, bubble-wrapped portfolios. So if an investor masters their own emotions, they still must challenge the emotionally-based conventional wisdom pervasive throughout the industry. Tom Howard explains how to do this. Attention is then given to measureable and persistent behavioral factors. These provide investors with a new source of information that has the potential to transform how they think about portfolio management and dramatically improve performance. Behavioral factors can be used to select the best stocks, the best active managers, and the best markets in which to invest. Once the transition to behavioral finance is made, the emotional measures of MPT will quickly be forgotten and replaced with rational concepts that allow investors to successfully build long-horizon wealth. If you take portfolio construction seriously, it is essential that you make the next step forward towards Behavioral Portfolio Management.
Author : Donald D. Hester
Publisher :
ISBN 13 :
Total Pages : 258 pages
Book Rating : 4.:/5 (463 download)
Download or read book Studies of portfolio behavior. ed. by h. and t written by Donald D. Hester and published by . This book was released on 1967 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael A. Ervolini
Publisher : MIT Press
ISBN 13 : 0262323028
Total Pages : 301 pages
Book Rating : 4.2/5 (623 download)
Download or read book Managing Equity Portfolios written by Michael A. Ervolini and published by MIT Press. This book was released on 2014-10-24 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking framework for improving portfolio performance that goes beyond traditional analytics, offering new ways to understand investment skills, process, and behaviors. Portfolio management is a tough business. Each day, managers face the challenges of an ever-changing and unforgiving market, where strategies and processes that worked yesterday may not work today, or tomorrow. The usual advice for improving portfolio performance—refining your strategy, staying within your style, doing better research, trading more efficiently—is important, but doesn't seem to affect outcomes sufficiently. This book, by an experienced advisor to institutional money managers, goes beyond conventional thinking to offer a new analytic framework that enables investors to improve their performance confidently, deliberately, and simply, by applying the principles of behavioral finance. W. Edwards Deming observed that you can't improve what you don't measure. Active portfolio management lacks methods for measuring key inputs to management success like skills, process, and behavioral tendencies. Michael Ervolini offers a conceptually straightforward and well-tested framework that does just that, with evidence of how it helps managers enhance self-awareness and become better investors. In a series of short, accessible chapters, Ervolini investigates a range of topics from psychology and neuroscience, describing their relevance to the challenges of portfolio management. Finally, Ervolini offers seven ideas for improving. These range from maintaining an investment diary to performing rudimentary calculations that quantify basic skills; each idea, or “project,” helps managers gain a deeper understanding of their strengths and shortcomings and how to use this knowledge to improve investment performance.
Author : Michael M. Pompian
Publisher : John Wiley & Sons
ISBN 13 : 1118046315
Total Pages : 393 pages
Book Rating : 4.1/5 (18 download)
Download or read book Behavioral Finance and Wealth Management written by Michael M. Pompian and published by John Wiley & Sons. This book was released on 2011-01-31 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Pompian is handing you the magic book, the one that reveals your behavioral flaws and shows you how to avoid them. The tricks to success are here. Read and do not stop until you are one of very few magicians." —Arnold S. Wood, President and Chief Executive Officer, Martingale Asset Management Fear and greed drive markets, as well as good and bad investment decision-making. In Behavioral Finance and Wealth Management, financial expert Michael Pompian shows you, whether you're an investor or a financial advisor, how to make better investment decisions by employing behavioral finance research. Pompian takes a practical approach to the science of behavioral finance and puts it to use in the real world. He reveals 20 of the most prominent individual investor biases and helps you properly modify your asset allocation decisions based on the latest research on behavioral anomalies of individual investors.
Author : Andrea Gheno
Publisher : Roma TrE-Press
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.2/5 (597 download)
Download or read book Portfolio selection using behavioral models written by Andrea Gheno and published by Roma TrE-Press. This book was released on 2023-10-16 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nell'ambito dei problemi di scelta in condizioni di rischio introduciamo un nuovo modello comportamentale e implementiamo un'analisi empirica basata sul confronto con il classico approccio della Teoria del Prospetto. L'applicazione di questi modelli è validata nella selezione di portafoglio attraverso tre modelli di portafoglio tradizionali utilizzati come riferimento (portafoglio a varianza minima, portafoglio a deviazione mediana assoluta e portafoglio equamente ponderato). L'obiettivo di questo lavoro di ricerca è quello di incorporare la percezione del rischio degli investitori nelle scelte dei portafogli ottimali. Proponiamo un'analisi out-of-sample di quattro indici azionari per dimostrare la superiorità dei modelli comportamentali di selezione di portafoglio rispetto a quelli tradizionali. DOI: 10.13134/979-12-5977-249-7
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Author : Donald D. Hester
Publisher :
ISBN 13 :
Total Pages : 258 pages
Book Rating : 4.:/5 (976 download)
Download or read book Studies of Portfolio Behavior, Edited by Donald D. Hester and James Tobin. Contributors: Donald D. Hester [and Others]. written by Donald D. Hester and published by . This book was released on 1967 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Meir Statman
Publisher : Oxford University Press
ISBN 13 : 019062647X
Total Pages : 489 pages
Book Rating : 4.1/5 (96 download)
Download or read book Finance for Normal People written by Meir Statman and published by Oxford University Press. This book was released on 2017 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance for Normal People teaches behavioral finance to people like you and me - normal people, neither rational nor irrational. We are consumers, savers, investors, and managers - corporate managers, money managers, financial advisers, and all other financial professionals. The book guides us to know our wants-including hope for riches, protection from poverty, caring for family, sincere social responsibility and high social status. It teaches financial facts and human behavior, including making cognitive and emotional shortcuts and avoiding cognitive and emotional errors such as overconfidence, hindsight, exaggerated fear, and unrealistic hope. And it guides us to banish ignorance, gain knowledge, and increase the ratio of smart to foolish behavior on our way to what we want. These lessons of behavioral finance draw on what we know about us-normal people-including our wants, cognition, and emotions. And they draw on the roles of these factors in saving and spending, portfolio construction, returns we can expect from our investments, and whether we can hope to beat the market. Meir Statman, a founder of behavioral finance, draws on his extensive research and the research of many others to build a unified structure of behavioral finance. Its foundation blocks include normal behavior, behavioral portfolio theory, behavioral life-cycle theory, behavioral asset pricing theory, and behavioral market efficiency.
Author : Donald D. Hester
Publisher :
ISBN 13 :
Total Pages : 258 pages
Book Rating : 4.:/5 (129 download)
Download or read book Studies in portfolio behavior written by Donald D. Hester and published by . This book was released on 1967 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Prince Sarpong
Publisher : Centre for financial Planning Studies
ISBN 13 :
Total Pages : 319 pages
Book Rating : 4.8/5 (77 download)
Download or read book Portfolio Management for Financial Advisors written by Prince Sarpong and published by Centre for financial Planning Studies. This book was released on 2024-01-22 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 2 of Portfolio Management for Financial Advisors is a visionary exploration into the evolving landscape of managing client portfolios in financial planning. Being more than a sequel, this book challenges the financial planning profession to aspire for profound impact. Beyond foundational concepts, the author blends professional experience with academic rigour to provide a unique lens on managing client portfolios. Among other topics, the book delves into practical tools for portfolio risk management, retirement portfolio management, and boldly asserts the profession's potential to address global challenges.
Author : Hersh Shefrin
Publisher : Elsevier
ISBN 13 : 0080482244
Total Pages : 636 pages
Book Rating : 4.0/5 (84 download)
Download or read book A Behavioral Approach to Asset Pricing written by Hersh Shefrin and published by Elsevier. This book was released on 2008-05-19 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral finance is the study of how psychology affects financial decision making and financial markets. It is increasingly becoming the common way of understanding investor behavior and stock market activity. Incorporating the latest research and theory, Shefrin offers both a strong theory and efficient empirical tools that address derivatives, fixed income securities, mean-variance efficient portfolios, and the market portfolio. The book provides a series of examples to illustrate the theory. The second edition continues the tradition of the first edition by being the one and only book to focus completely on how behavioral finance principles affect asset pricing, now with its theory deepened and enriched by a plethora of research since the first edition
Author : H. Kent Baker
Publisher : John Wiley & Sons
ISBN 13 : 1118727029
Total Pages : 645 pages
Book Rating : 4.1/5 (187 download)
Download or read book Investor Behavior written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2014-02-06 with total page 645 pages. Available in PDF, EPUB and Kindle. Book excerpt: WINNER, Business: Personal Finance/Investing, 2015 USA Best Book Awards FINALIST, Business: Reference, 2015 USA Best Book Awards Investor Behavior provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of investment research. The book should also be of interest to academics, investors, and students. The book will cover the major principles of investor psychology, including heuristics, bounded rationality, regret theory, mental accounting, framing, prospect theory, and loss aversion. Specific sections of the book will delve into the role of personality traits, financial therapy, retirement planning, financial coaching, and emotions in investment decisions. Other topics covered include risk perception and tolerance, asset allocation decisions under inertia and inattention bias; evidenced based financial planning, motivation and satisfaction, behavioral investment management, and neurofinance. Contributions will delve into the behavioral underpinnings of various trading and investment topics including trader psychology, stock momentum, earnings surprises, and anomalies. The final chapters of the book examine new research on socially responsible investing, mutual funds, and real estate investing from a behavioral perspective. Empirical evidence and current literature about each type of investment issue are featured. Cited research studies are presented in a straightforward manner focusing on the comprehension of study findings, rather than on the details of mathematical frameworks.
Author : Burcu Adıgüzel Mercangöz
Publisher : Springer Nature
ISBN 13 : 3030702812
Total Pages : 355 pages
Book Rating : 4.0/5 (37 download)
Download or read book Applying Particle Swarm Optimization written by Burcu Adıgüzel Mercangöz and published by Springer Nature. This book was released on 2021-05-13 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the theoretical structure of particle swarm optimization (PSO) and focuses on the application of PSO to portfolio optimization problems. The general goal of portfolio optimization is to find a solution that provides the highest expected return at each level of portfolio risk. According to H. Markowitz’s portfolio selection theory, as new assets are added to an investment portfolio, the total risk of the portfolio’s decreases depending on the correlations of asset returns, while the expected return on the portfolio represents the weighted average of the expected returns for each asset. The book explains PSO in detail and demonstrates how to implement Markowitz’s portfolio optimization approach using PSO. In addition, it expands on the Markowitz model and seeks to improve the solution-finding process with the aid of various algorithms. In short, the book provides researchers, teachers, engineers, managers and practitioners with many tools they need to apply the PSO technique to portfolio optimization.
![Download Studies of Portfolio Behavior. Edited by Donald D. Hester and James Tobin. Contributors: Donald D. Hester [and Others], Etc PDF Online Free](https://books.google.com/books/content/images/frontcover/iW85MwEACAAJ?fife=w200-h370)
Author : Donald Denison HESTER (and TOBIN (James) University of Yale.)
Publisher :
ISBN 13 :
Total Pages : 258 pages
Book Rating : 4.:/5 (56 download)
Download or read book Studies of Portfolio Behavior. Edited by Donald D. Hester and James Tobin. Contributors: Donald D. Hester [and Others], Etc written by Donald Denison HESTER (and TOBIN (James) University of Yale.) and published by . This book was released on 1967 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Donald D. Hester
Publisher :
ISBN 13 :
Total Pages : 258 pages
Book Rating : 4.:/5 (468 download)
Download or read book Studies of Portfolio Behavior written by Donald D. Hester and published by . This book was released on 1967 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Donald D. Hester
Publisher :
ISBN 13 :
Total Pages : 258 pages
Book Rating : 4.:/5 (478 download)
Download or read book Studies of Portfolio Behavior, Ed. by Donald D. Hester, James Tobin written by Donald D. Hester and published by . This book was released on 1967 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James Ming Chen
Publisher : Springer
ISBN 13 : 3319327119
Total Pages : 350 pages
Book Rating : 4.3/5 (193 download)
Download or read book Finance and the Behavioral Prospect written by James Ming Chen and published by Springer. This book was released on 2016-10-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how investor behavior, from mental accounting to the combustible interplay of hope and fear, affects financial economics. The transformation of portfolio theory begins with the identification of anomalies. Gaps in perception and behavioral departures from rationality spur momentum, irrational exuberance, and speculative bubbles. Behavioral accounting undermines the rational premises of mathematical finance. Assets and portfolios are imbued with “affect.” Positive and negative emotions warp investment decisions. Whether hedging against intertemporal changes in their ability to bear risk or climbing a psychological hierarchy of needs, investors arrange their portfolios and financial affairs according to emotions and perceptions. Risk aversion and life-cycle theories of consumption provide possible solutions to the equity premium puzzle, an iconic financial mystery. Prospect theory has questioned the cogency of the efficient capital markets hypothesis. Behavioral portfolio theory arises from a psychological account of security, potential, and aspiration.
