Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat LCCN Permalink Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Behavioral capital asset pricing models
Available online: 12 March 2010 Subject Heading: THE CAPITAL MARKET JEL Classification:
In the article we examine capabilities of the behavioral approach in capital assets prices modeling and explaining anomalies and market puzzles, that remain unsolved in the neoclassical paradigm. Analyzing the behavioral model by Barberis, Huang and Santos we demonstrate the possible ways to incorporate irrational expectations and peculiarities of investors’ decisions into a model. The research allows to make inferences about capabilities of behavioral approach, its advantages and drawbacks. Keywords: behavioral finance, stock market anomalies, asset pricing modeling, irrational expectations, irrational preferences, irrational economic agent |
ISSN 2311-8709 (Online)
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