BEHAVIORAL BIASES IN TRADING SECURITIES

Vasile Dedu (), Turcan Radu Olimpiu Calin () and Turcan Ciprian Sebastian ()
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Turcan Radu Olimpiu Calin: Universitatea din Oradea, Facultatea de Stiinte Socio-Umane
Turcan Ciprian Sebastian: Doctorand in cadrul ASE Bucuresti,

Annals of Faculty of Economics, 2010, vol. 1, issue 2, 717-722

Abstract: The main thesis of this paper represents the importance and the effects that human behavior has over capital markets. It is important to see the link between the asset valuation and investor sentiment that motivate to pay for an asset a certain prices over/below the intrinsic value. The main behavioral aspects discussed are emotional factors such as: fear of regret, overconfidence, perseverance, loss aversion ,heuristic biases, misinformation and thinking errors, herding and their consequences.

Keywords: Behavioral finance; Investor psychology; Irrationality; market efficiency; Behavioral biases; limits to arbitrage (search for similar items in EconPapers)
JEL-codes: D81 G11 G12 G14 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2010:i:2:p:717-722

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