Description
The models of portfolio selection and asset price dynamics in this volume seek to explain the market dynamics of asset prices. Presenting a range of analytical, empirical, and numerical techniques as well as several different modeling approaches, the authors depict the state of debate on the market selection hypothesis. By explicitly assuming the heterogeneity of investors, they present models that are descriptive and normative as well, making the volume useful for both finance theorists and financial practitioners.- Explains the market dynamics of asset prices, offering insights about asset management approaches- Assumes a heterogeneity of investors that yields descriptive and normative models of portfolio selections and asset pricing dynamics
Table of Contents
"Introduction"--Thorsten Hens and Klaus Reiner Schenk-Hoppé1. "Thought and Behavioral Contagion in Capital Markets"--David Hirshleifer and Siew Hong Teoh2. "How markets digest supply and demand and slowly incorporate information into prices"--Jean-Philippe Bouchaud, J. Doyne Farmer, and Fabrizio Lillo3. "Stochastic Behavioral Asset Pricing Models and the Stylized Facts"--Thomas Lux4. "Complex Evolutionary Systems in Behavioral Finance"--Cars Hommes and Florian Wagener5. "Heterogeneity, Market Mechanisms, and Asset Price Dynamics"--Carl Chiarella, Xue-Zhong He and Roberto Dieci6. "Perfect Forecasting and Behavioral Heterogeneities"--Jan Wenzelburger7. "Market Selection and Asset Pricing"--Lawrence Blume and David Easley8. "Rational Diverse Beliefs and Market Volatility"--Mordecai Kurz9. "Evolutionary Finance"--Igor V. Evstigneev, Thorsten Hens, Klaus Reiner Schenk-Hoppé
