Behavioral finance: insights from experiments I: theory and financial markets. (8th June 2015)

• Record Type: Journal Article
• Authors: Duxbury, Darren
• Is Part Of: Review of behavioral finance. Volume 7:Number 1(2015)
• Page Start: 78
• Page End: 96
• Publication Date: 2015-06-08
• Subjects: Investments -- Psychological aspects -- Periodicals; Investments -- Decision making -- Periodicals; 332.605
• DOI: 10.1108/RBF-03-2015-0011
• Languages: English
• ISSNs: 1940-5979

Abstract

<abstract> <title> <x content-type="archive" xml:space="preserve">Abstract</x> </title> <sec> <title content-type="abstract-heading">Purpose</title> <p> – The purpose of this paper, and a companion paper (Duxbury, 2015), is to review the insights provided by experimental studies examining financial decisions and market behavior. </p> </sec> <sec> <title content-type="abstract-heading">Design/methodology/approach</title> <p> – Focus is directed on those studies examining explicitly, or with direct implications for, the most robustly identified phenomena or stylized facts observed in behavioral finance. The themes for this first paper are theory and financial markets. </p> </sec> <sec> <title content-type="abstract-heading">Findings</title> <p> – Experiments complement the findings from empirical studies in behavioral finance by avoiding some of the limitations or assumptions implicit in such studies. </p> </sec> <sec> <title content-type="abstract-heading">Originality/value</title> <p> – The authors synthesize the valuable contribution made by experimental studies in extending the knowledge of the functioning of financial markets and the financial behavior of individuals.</p> </sec> </abstract>