Behavioural Finance: How Investors Really Make Investment Decisions

Andrew Clare and Chris Wagstaff

Chapter Chapter 17 in The Trustee Guide to Investment, 2011, pp 451-484 from Palgrave Macmillan

Abstract: Abstract Appreciate why the market behaves as it does and is not always price efficient. Understand the type of errors, or biases, that repeatedly enter into the investment decision making process, no matter how sophisticated the investor. Know how to interrogate your fund managers and your investment consultants in establishing how they each approach their investment decision making.

Keywords: Financial Market; Hedge Fund; Fund Manager; Loss Aversion; Complex Adaptive System (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36187-4_17

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DOI: 10.1057/9780230361874_17

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