Behavioral Finance: A Novel Approach presents original papers exploring fresh ideas in behavioral finance. Its chapters span a wide range of topics in a distinct mix of traditional issues along with less conventional matters. This blend creates an optimal balance between chapters aiming at widening the scope of research in behavioral finance and those striving to refine the extant knowledge.Thus, along with traditional topics such as biases in pension decisions, analysts recommendation, gender differences in decisions and IPO's underpricing, the book also contains chapters on CEO and board members behavior, biased responses to regulation and regulatory reform, investors' attitudes towards corporate governance, cognitive biases in judicial decisions, the relations between behavioral finance and religion, new methods to calibrate the accuracy of forecasts, and the relations between behavioral finance and optimal contracting.Presenting original findings on a vast assortment of subjects, all in one venue, makes the book ideal as a reference book for researchers and practitioners interested in keeping up with the important developments in behavioral finance. The book could also serve as a handy guide for adapting insights from popular behavioral finance to some important underrepresented issues.
Contents:
Contents:
- Behavioral Aspects of Policy Making:
- Prediction Markets: Do They Predict the Polls or the Election Results? The Case of the Israeli Elections in April 2019 (Rachel Calipha and Itzhak Venezia)
- Influential CEO and Board Behavior in Reaction to a Regulatory Reform: A Quasi-Natural Experiment (Brian McTier and Shlomith D Zuta)
- Aiming for the Real-Estate Market But Hitting the Stock Market — An Event Study Analysis of Israeli Mortgage Reforms (Yaron Lahav, Sara Arbel and Aliza Mizrahi)
- What You See Is What You Get But Do Investors Reward Good Corporate Governance When They See It? (Alberto Plazzi, Walter Torous and Umit Yilmaz)
- Are Courts Biased? The Anchoring Heuristic and Judicial Decisions in Personal Bankruptcy Proceedings (Yevgeny Mugerman, Neta Nadiv and Moran Ofir)
- Investor Behavior and Methodological Novelties:
- Psychological Aspects of Stock Price Drifts Following Analyst Recommendation Revisions (Andrey Kudryavtsev)
- The Critical Impact of Firms' Market Value on Investor Behavior Following Pharmaceutical IPOs (Smadar Siev and Tiran Rothman)
- Behavioral Characteristics of IPO Underpricing (Allen Michel, Jacob Oded and Israel Shaked)
- Influence of Religion and Social Attitudes in Stock Market Participation (Yang Zhou, Jinwen Yu and Zhiping Zhou)
- Investment Beliefs and Portfolio Risk-Taking — A Comparison between Industry Professionals and Non-Professionals (Magnus Jansson, Sven Hemlin, Doron Sonsino and Carl-Christian Trönnberg)
- Boys Don't Cry? The Emotional Effects of Poor Financial Savings Decisions among Males and Females (Erez Yaakobi and Ido Kallir)
- Separating Accuracy from Forecast Certainty: A Modified Miscalibration Measure (Doron Sonsino, Yaron Lahav and Amir Levkowitz)
- Optimal Contracts with Intra-Principal Conflicts and the Ubiquity of Earnings Management (N K Chidambaran, Bharat Sarath and Lingyi Zheng)
- New Directions for Pensions and Retirement Decisions:
