Title: Emotional and Cognitive Perceptions of Risk
Abstract: The efficient market hypothesis (EMH) is an elegant theory that relies on overall investor rationality. But research in the field of behavioral finance has shown that investors are prone to emotional decision making and cognitive errors in their investment decisions. These errors explain certain asset-pricing puzzles that cannot be explained in an EMH context.
Publication Year: 2008
Publication Date: 2008-02-13
Language: en
Type: article
Indexed In: ['crossref']
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