Neoclassical and behavioral finance: a synergy of approaches in current debates and in contemporary financial research.
Gajdka, Jerzy; Brzeszczyński, Janusz
One of the most prominent changes in the development of finance as a scientific discipline at the turn of the 21st century has been a rapidly increasing interest in behavioral finance: the field of study that combines the knowledge of finance with psychology and proposes psychology-based theories to explain various phenomena that occur in the financial environment. Behavioral finance has grown in importance all over the world, and it became a challenge to the neoclassical theory of finance that had been prevailing so far and which relies mainly on a broad assumption that the decisions made by different groups of agents in financial markets are fully rational. Currently, both those approaches constitute major fields of intensive empirical investigations within the realm of the modern science of finance, although they are sometimes considered as complementary rather than competitive concepts.
GAJDKA, J. and BRZESZCZYNSK, J. 2016. Neoclassical and behavioral finance: a synergy of approaches in current debates and in contemporary financial research. Emerging markets finance and trade [online], 52(12), pages 2685-2686. Available from: https://doi.org/10.1080/1540496X.2016.1246331
|Journal Article Type||Editorial|
|Acceptance Date||Nov 16, 2016|
|Online Publication Date||Nov 16, 2016|
|Publication Date||Dec 31, 2016|
|Deposit Date||Jun 9, 2023|
|Publicly Available Date||Jun 9, 2023|
|Journal||Emerging markets finance and trade|
|Publisher||Taylor & Francis (Routledge)|
|Peer Reviewed||Peer Reviewed|
|Keywords||Finance; Behavioral finance; Financial markets|
GAJDKA 2016 Neoclassical and behavioral finance (AAM)
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