Год выпуска: 2012 Автор: Alessandro Santoni Издательство: LAP Lambert Academic Publishing Страниц: 132 ISBN: 9783846582411
Описание
This book provides an analysis of the characteristics of portfolio managers, traders and banking customers when dealing with available market sensitive information. The results obtained suggest that market participants tend to behave somehow irrationally and overconfidently in selecting available information, creating important anomalies and arbitrage opportunity for rational participants. Studying the behavior of the fund managers that are managing portfolios on the basis of behavioral finance techniques it is possible to extrapolate a unique winning strategy. I moved then the focus on trader’s behavior. Overconfident traders do not process exhaustively all the available information but uses rules of thumb to determine which pieces of information deserve to be processed. Then I investigated if banking customers possess the ability to effectively process the available information and if the market has the ability to send signals which are informative and have a disciplining effect on...
