D
2022
The evolution from traditional finance to behavioral finance
SCHULZ, Bastian
Základní údaje
Originální název
The evolution from traditional finance to behavioral finance
Název česky
The evolution from traditional finance to behavioral finance
Vydání
Praha, Konference doktorandů na Vysoké škole finanční a správní 2022: prezentace výsledků společenskovědního výzkumu s ekonomickými a finančními efekty (9. ročník) = Doctoral Students Conference at the University of Finance and Administration 2022: presentation of the results of social science research with economic and financial effects (9th annual conference), od s. 108-121, 14 s. 2022
Nakladatel
Vysoká škola finanční a správní
Další údaje
Typ výsledku
Stať ve sborníku
Stát vydavatele
Česká republika
Utajení
není předmětem státního či obchodního tajemství
Forma vydání
tištěná verze "print"
Organizace
Vysoká škola finanční a správní, a.s. – Repozitář
Klíčová slova česky
Traditional finance; efficient market hypothesis; behavioral finance; investing; financial literacy
Klíčová slova anglicky
Traditional finance; efficient market hypothesis; behavioral finance; investing; financial literacy
V originále
The purpose of this article is to provide a brief historical overview of the evolution from traditional finance to behavioral finance. Because financial behavior has a critical positive relationship with financial literacy, this will be investigated as well. According to the efficient markets hypothesis (EMH), market prices completely reflect all available information. Psychologists and behavioral economists have consistently criticized the EMH, claiming that it is predicated on irrational beliefs about human behavior. The efficient market hypothesis is directly opposed by behavioral finance, which places the blame for market inefficiencies on investors' imperfect rationality. Over the last 50 years, the area of behavioral finance has grown tremendously.
Česky
The purpose of this article is to provide a brief historical overview of the evolution from traditional finance to behavioral finance. Because financial behavior has a critical positive relationship with financial literacy, this will be investigated as well. According to the efficient markets hypothesis (EMH), market prices completely reflect all available information. Psychologists and behavioral economists have consistently criticized the EMH, claiming that it is predicated on irrational beliefs about human behavior. The efficient market hypothesis is directly opposed by behavioral finance, which places the blame for market inefficiencies on investors' imperfect rationality. Over the last 50 years, the area of behavioral finance has grown tremendously.
Zobrazeno: 17. 6. 2025 17:28