Behavioral Finance Models, Anomalies, and Factors Affecting Investor Psychology

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dc.contributor.authorÇömlekçi, İstemi
dc.contributor.authorÖzer, Ali
dc.date.accessioned2020-04-30T22:40:05Z
dc.date.available2020-04-30T22:40:05Z
dc.date.issued2018
dc.departmentDÜ, İşletme Fakültesien_US
dc.descriptionWOS: 000444369900015en_US
dc.description.abstractIn traditional finance theories and in the efficient market hypothesis, human beings are regarded as rational entities. It has been accepted that people exhibit rational behavior in investment decisions. However, various anomalies have been observed as a result of the inability of these theories to explain the change in the markets. These anomalies have led to criticism of traditional finance theories and have been regarded as the beginning of behavioral finance. Behavioral finance theories and models argue that the definition of stock prices is influenced by psychological, cognitive and emotional factors of investors. The presence of investors, who do not act rationally on the stock market, and the fact that psychological and emotional factors are effective in the decision-making process distract the stock market from being effective. Determining the investor behaviors that cause the anomalies detected in the stock market and putting out the possible reasons is important in terms of estimating the share price. In this study, information was given on traditional finance theories that accept individuals as rational. Behavioral finance models and theories were examined to investigate irrational behavior. In addition, anomalies resulting from irrational behavior of investors and investor behavior were examined, and also the relationship between investor behaviors and anomalies was examined.en_US
dc.identifier.doi10.1007/978-3-319-78494-6_15en_US
dc.identifier.endpage330en_US
dc.identifier.isbn978-3-319-78494-6; 978-3-319-78493-9
dc.identifier.issn1431-1933
dc.identifier.scopusqualityQ4en_US
dc.identifier.startpage309en_US
dc.identifier.urihttps://doi.org/10.1007/978-3-319-78494-6_15
dc.identifier.urihttps://hdl.handle.net/20.500.12684/2900
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofGlobal Approaches In Financial Economics, Banking, And Financeen_US
dc.relation.ispartofseriesContributions to Economics
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.titleBehavioral Finance Models, Anomalies, and Factors Affecting Investor Psychologyen_US
dc.typeBook Chapteren_US

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