Biology-induced effects on investor psychology and behavior

Austin Murphy

International Review of Financial Analysis, 2012, vol. 24, issue C, 20-25

Abstract: This research utilizes the most recent research in psychology to analyze the innate causes of financial cycles within the context of applied financial theory. Such cycles are shown to be consistent with both human biology and efficient markets, but the brain states induced by biological chemicals produced internally are also explained to potentially contribute to mispricing in inefficient markets.

Keywords: Financial cycle; Psychology; Efficient market; Technical analysis (search for similar items in EconPapers)
JEL-codes: G1 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:24:y:2012:i:c:p:20-25

DOI: 10.1016/j.irfa.2012.07.001

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