The evolution from traditional finance to behavioral finance

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F22%3A%230000944" target="_blank" >RIV/04274644:_____/22:#0000944 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The evolution from traditional finance to behavioral finance
Original language description
The purpose of this article is to provide a brief historical overview of the evolution from traditional finance to behavioral finance. Because financial behavior has a critical positive relationship with financial literacy, this will be investigated as well. According to the efficient markets hypothesis (EMH), market prices completely reflect all available information. Psychologists and behavioral economists have consistently criticized the EMH, claiming that it is predicated on irrational beliefs about human behavior. The efficient market hypothesis is directly opposed by behavioral finance, which places the blame for market inefficiencies on investors' imperfect rationality. Over the last 50 years, the area of behavioral finance has grown tremendously.
Czech name
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Czech description
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Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Konference doktorandů na Vysoké škole finanční a správní 2022: prezentace výsledků společenskovědního výzkumu s ekonomickými a finančními efekty (9. ročník) = Doctoral Students Conference at the University of Finance and Administration 2022: presentation of the results of social science research with economic and financial effects (9th annual conference)
ISBN
9788074082504
ISSN
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e-ISSN
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Number of pages
14
Pages from-to
108-121
Publisher name
Vysoká škola finanční a správní
Place of publication
Praha
Event location
Praha
Event date
Nov 15, 2022
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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