This book offers a concise introduction to the field of financial economics and presents, for the first time, recent behavioral finance research findings that help us to understand many puzzles in traditional finance. Tailor-made for master's and PhD students, it includes tests and exercises that enable students to keep track of their progress. Parts of the book can also be used at the bachelor level.
Autorentext
Thorsten Hens is a Swiss Finance Institute professor of financial economics at the University of Zurich, Switzerland. He studied in Bonn, Germany, and Paris, France, and previously held positions in Stanford, USA, and Bielefeld, Germany. Thorsten Hens is an adjunct professor in finance at the Norwegian School of Economics, NHH, in Bergen and at the University of Lucerne. He is an expert in mathematical economics, evolutionary and behavioral finance.
Zusammenfassung
This book offers a concise introduction to the field of financial economics and presents, for the first time, recent behavioral finance research findings that help us to understand many puzzles in traditional finance. Tailor-made for master's and PhD students, it includes tests and exercises that enable students to keep track of their progress. Parts of the book can also be used at the bachelor level.
Inhalt
Part I: Exercises.- Introduction.- Decision Theory.- Two-Period Model: Mean-Variance Approach.- Two-Period Model: State-Preference Approach.- Multiple-Periods Model.- Theory of the Firm.- Information Asymmetries on Financial Markets.- Time-Continuous Model.- Part II: Solutions.- Introduction.- Decision Theory.-Two-Period Model: Mean-Variance Approach.- Two-Period Model: State-Preference Approach.- Multiple-Periods Model.- Theory of the Firm.- Information Asymmetries on Financial Markets.- Time-Continuous Model.- References.