THE RESEARCH LABORATORY FOR BEHAVIORAL FINANCE

BEFINLAB DEFINITIONS

I think of behavioral finance as simply open-minded finance
Thaler (1993)

Behavioral finance is the study of how psychology affects financial decision making and financial markets
Shefrin (2001)

Behavioral finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational
Barberis and Thaler (2001)

Behavioural finance is of interest because it helps explain why and how markets might be inefficient
Sewell (2007)





 

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