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@inproceedings{54814,
author = {Schulz, Bastian},
address = {Praha},
booktitle = {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)},
keywords = {Traditional finance; efficient market hypothesis; behavioral finance; investing; financial literacy},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Praha},
isbn = {978-80-7408-250-4},
pages = {108-121},
publisher = {Vysoká škola finanční a správní},
title = {The evolution from traditional finance to behavioral finance},
url = {https://www.vsfs.cz/prilohy/konference_doktorandu_na_vysoke_skole_fi.pdf},
year = {2022}
}
TY - JOUR
ID - 54814
AU - Schulz, Bastian
PY - 2022
TI - The evolution from traditional finance to behavioral finance
PB - Vysoká škola finanční a správní
CY - Praha
SN - 9788074082504
KW - Traditional finance
KW - efficient market hypothesis
KW - behavioral finance
KW - investing
KW - financial literacy
UR - https://www.vsfs.cz/prilohy/konference_doktorandu_na_vysoke_skole_fi.pdf
N2 - 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.
ER -
SCHULZ, Bastian. The evolution from traditional finance to behavioral finance. In \textit{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)}. Praha: Vysoká škola finanční a správní, 2022, p.~108-121. ISBN~978-80-7408-250-4.
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