Advances in Behavioral Finance [Paperback]

Richard H. Thaler (Editor)

Product Details

• Paperback: 597 pages
• Publisher: Russell Sage Foundation (June 1993)
• Language: English
• ISBN-10: 0871548445
• ISBN-13: 978-0871548443
• Product Dimensions: 8.7 x 6 x 1.3 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #149,452 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

102 of 106 people found the following review helpful:

4.0 out of 5 stars Too academically oriented for average investor, January 1, 2002

By 

Dale C. Maley "Index Fund Investor" (Fairbury, IL United States) - See all my reviews
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This review is from: Advances in Behavioral Finance (Paperback)

I was looking forward to learning about new theories in Behavioral Finance, but was a little disappointed by this book. The 21 articles each examine a discrepancy in a free market situation and develop theories for explaining the discrepancy drawing upon the behavioral finance field. I have an MBA and have been an investor for more than 20 years. There are too many statistics and academic language to be an efficient book for me. I quickly switched to finding each of the 21 questions, then skipping to the summary to find the behavioral finance theory for the discrepancy. I did enjoy the credit card high interest rate explanation and consider this explanation alone worth the price of the book. I also enjoyed the closed end fund discount price explanation also very useful. Book is ok, but 90% of the material can be skipped unless you are a finance professor who enjoys the academic orientation and detail.

6 of 9 people found the following review helpful:

4.0 out of 5 stars A nice collection, August 31, 2006

By 

E. Papadopoulos "Thymios" (Athens, GR) - See all my reviews
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This review is from: Advances in Behavioral Finance (Paperback)

This collection of papers concerning behavioural finance, is a very helpfull item for any PhD or reasearch student that works on this subject. Although it does not contain material of the basics of behavioural finance, it has some good papers on issues such as volatility of the markets, noice trading etc.

5 of 8 people found the following review helpful:

5.0 out of 5 stars A must-read to every researcher or PhD student, January 9, 2007

By 

Hugo G. Zierth (São Paulo, Brazil) - See all my reviews
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This review is from: Advances in Behavioral Finance (Paperback)

The bible to everyone who is seriosly interested in behavioral finance , and a must read to a PhD studend.
This book includes all the seminal papers of this brand new field of science.

In my opinion if one read this book it is worthless to buy any other book about behavioral finance. A real masterpiece as I have never seen before !