FROM THE EFFICIENT MARKETS HYPOTHESIS TO THE BEHAVIORAL FINANCES THEORY

Author

, professor, Kharkiv, Pushinska, 77
ORCID ID: 0000-0003-4761-9620

In heading

Economic analysis of law;

Signed print

21.09.2018

Issues number

2018 - № 3 (34)

Page

92-104

Type of articles

Scientific article

Code UDK

330.322.01:346.543

ISSN print

2411-5584

Abstract

In the article the essence of behavioral finance is considered, the special attention is paid to the comparative analysis of the theoretical foundations of traditional and behavioral finance. The main principles of the behavioral approach concerning the process of financial decisions making are highlighted. The structure of the behavioral
finance theory is described and its tools are systematized.

Keywords

behavioral finance, efficient markets hypothesis, irrational behavior, cognitive mistakes, heuristics, limits of arbitration, prospective theory, framing

Reviewer

External reviewer

Article in PDF

92-104

Bibliography

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