Behavioural finance : insights into irrational minds and markets /
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| Author / Creator: | Montier, James. |
|---|---|
| Imprint: | West Sussex, England ; Hoboken, NJ : J. Wiley, c2002. |
| Description: | xviii, 193 p. : ill. ; 26 cm. |
| Language: | English |
| Series: | Wiley finance series |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/4864937 |
Table of Contents:
- Preface
- Introduction
- 1. Psychological Foundations
- Introduction
- Biases of Judgement or Perception is Reality
- Errors of Preference or There is No Such Thing as Context-free Decision Making
- Conclusions
- 2. Imperfect Markets and Limited Arbitrage
- Introduction
- Ketchup Economics
- Efficiency and LOOP
- Stock Market
- Other Markets
- Imperfect Substitutes
- Limited Arbitrage
- Positive Feedback Trading
- Risk Management and Limited Arbitrage
- On the Survival of Noise Traders
- Informational Imperfections
- Conclusions
- 3. Style Investing
- Introduction
- The Data
- The History
- Potential Gains to Style Rotation
- Life Cycle of an Investment Style
- Value vs. Growth: Risk or Behavioural?
- Style Rotation
- Quantitative Screens
- Timing the Switch
- Conclusions
- 4. Stock Valuation
- Introduction
- Keynes' Beauty Competition
- The (Ir)relevance of Fundamentals
- Valuation and Behavioural Biases
- Cost of Capital
- Factors from Limited Arbitrage
- An Analyst's Guide
- 5. Portfolio Construction and Risk Management
- Introduction
- Covariances
- Correlations
- Distribution of Returns
- Fat Tails or Outliers?
- 6. Asset Allocation
- Introduction
- Markets and Fundamentals
- Dividend Yield, Spreads and Ratios
- Earnings Yield, Spreads and Ratios
- Payout Ratio
- The Equity Risk Premium
- Should Corporate Financiers be Running TAA?
- Market Liquidity
- Crashes as Critical Points
- 7. Corporate Finance
- Introduction
- Irrational Managers/Rational Markets
- Rational Managers/Irrational Markets
- Conclusions
- 8. The Indicators
- Introduction
- Liquidity Measures
- Sentiment Measures
- Asset Allocation Measures
- Earnings Measures
- Technical Measures
- Others
- Final Thoughts
- Bibliography
- Index
