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Bridge over ocean
1 May 2008 Research Foundation

Behavioral Finance: Theories and Evidence

Alistair Byrne, PhD, CFA and Mike Brooks

That behavioral finance has revolutionized the way we think about investments cannot be denied. But its intellectual appeal may lie in its cross-disciplinary nature, marrying the field of investments with biology and psychology.

Behavioral Finance: Theories and Evidence View the full book (PDF)

That behavioral finance has revolutionized the way we think about investments cannot be denied. But its intellectual appeal may lie in its cross-disciplinary nature, marrying the field of investments with biology and psychology. This literature review discusses the relevant research in each component of what is known collectively as behavioral finance.