Behavioural Finance Then and Now

Danuta Miłaszewicz ()
Additional contact information
Danuta Miłaszewicz: Institute of Economy, University of Szczecin

Chapter Chapter 25 in Effective Investments on Capital Markets, 2019, pp 369-379 from Springer

Abstract: Abstract Behavioural finance, a relatively new field that is constantly developing, has grown up to criticize the assumptions and theories of standard finance. The aim of this article is to present the development of behavioural finance of the first and the second generation. The first generation of behavioural finance focused on the analysis of irrational decisions made by rational actors. The second generation of behavioural finance considers the decision-making processes of normal people. Its further development will be based on the achievements of neuroeconomics.

Keywords: Generations of behavioural finance; Theory (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-21274-2_25

Ordering information: This item can be ordered from
http://www.springer.com/9783030212742

DOI: 10.1007/978-3-030-21274-2_25

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().