公司理财精要版原书第12版教师手册RWJ_Fund完整版2e_IM_Chapter22 .pdfVIP

Chapter22-BehavioralFinance:ImplicationsforFinancialManagement

Chapter22

BEHAVIORALFINANCE:IMPLICATIONSFOR

FINANCIALMANAGEMENT

SLIDES

22.1Chapter22

22.2KeyConceptsandSkills

22.3ChapterOutline

22.4PoorOutcomes

22.5Overconfidence

22.6OverconfidenceandStockMarketTrading

22.7OverconfidenceandGender

22.8Overoptimism

22.9ConfirmationBias

22.10FramingEffects

22.11Example:FrameDependence

22.12Example:FrameDependence(ctd.)

22.13Example:LossAversion

22.14Example:LossAversion(ctd.)

22.15Example:MentalAccounting

22.16Example:MentalAccounting(ctd.)

22.17OtherRelatedTypesofJudgmentErrors

22.18OtherRelatedTypesofJudgmentErrors(ctd.)

22.19Heuristics

22.20Example:RepresentativenessandRandomness:“HotHand”inBasketball

22.21TheGambler’sFallacy

22.22BehavioralFinanceandMarketEfficiency

22.23LimitstoArbitrage

22.24BubblesandCrashes

22.25MoneyManagerPerformance

22.26Table22.2

22.27QuickQuiz

22.28EthicsIssues

22.29ComprehensiveProblem

22.30EndofChapter

CHAPTERWEBSITES

SectionWebAddress

22.4BehaviouralFinance:

22.5HobbesInternetTimeline24:

Chapter22-BehavioralFinance:ImplicationsforFinancialManagement

CHAPTERORGANIZATION

22.1IntroductiontoBehavioralFinance

22.2Biases

Overconfidence

Overoptimism

ConfirmationBias

22.3FramingEffects

LossAversion

HouseMoney

22.4Heuristics

TheAffectHeuristic

TheRepresentativenessHeuristic

RepresentativenessandRandomness

TheGambler’sFallacy

22.5BehavioralFinanceandMarketEfficiency

LimitstoArbitrage

BubblesandCrashes

22.6MarketEfficiencyandthePerformanceofProfess