e-journal

Toward a theory of behavioral finance: implications from the natural sciences

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The purpose of this paper is to identify common inclusive concepts that might help define
the boundaries of a general theory of behavioral finance.
Design/methodology/approach – A cross disciplinary review of relevant natural and social
sciences is conducted to identify common foundational concepts.
Findings – The overall findings are that a general theory must include assumptions of subjective
perception, indeterminacy, and a financial decision process that is both logical and affective.
Practical implications – Optimal financial decisions are not possible and significant market
unpredictability will continue because of the dynamic complexity associated with disequilibrium.
Social implications – The current financial paradigm is based upon radically incorrect assumptions
and a general theory of behavioral finance cannot arise from minor corrections to the current financial
paradigm.
Originality/value – This paper is the first to attempt identifying foundational attributes of a
behavioral financial paradigm.

Keywords Behavioural economics, Finance, Decision making, Sciences

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Informasi Detail

Judul Seri

Qualitative Research in Financial Markets

No. Panggil

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Penerbit

: Emerald Group., 2010

Deskripsi Fisik

Qualitative Research in Financial Markets Vol. 2 No. 2, 2010

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

EKONOMI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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