Přehled o publikaci
2022
The evolution from traditional finance to behavioral finance
SCHULZ, BastianBasic information
Original name
The evolution from traditional finance to behavioral finance
Name in Czech
The evolution from traditional finance to behavioral finance
Authors
SCHULZ, Bastian
Edition
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), p. 108-121, 14 pp. 2022
Publisher
Vysoká škola finanční a správní
Other information
Language
English
Type of outcome
Proceedings paper
Country of publisher
Czech Republic
Confidentiality degree
is not subject to a state or trade secret
Publication form
printed version "print"
References:
Organization
Vysoká škola finanční a správní, a.s. – Repository
ISBN
978-80-7408-250-4
Keywords (in Czech)
Traditional finance; efficient market hypothesis; behavioral finance; investing; financial literacy
Keywords in English
Traditional finance; efficient market hypothesis; behavioral finance; investing; financial literacy
Changed: 8/3/2023 03:55, RNDr. Patrik Mottl, Ph.D.
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.
In Czech
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.
