TAILIEUCHUNG - Essentials of Investments: Chapter 9 - Behavioral Finance and Technical Analysis

Essentials of Investments: Chapter 9 - Behavioral Finance and Technical Analysis presents Behavioral Critique, Technical Analysis and Behavioral Finance, Share Price, Moving Averages, Trends and Corrections. | Behavioral Finance and Technical Analysis Bodie, Kane, and Marcus Essentials of Investments, 9th Edition McGraw-Hill/Irwin 9 Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Behavioral Critique • Behavioral Finance • Financial market model emphasizing potential implications of psychological factors affecting investor behavior • Existence of irrational investors is not sufficient to render capital markets inefficient 9-2 Behavioral Finance • Information Processing • Forecasting errors • People overvalue recent experience compared to prior belief when forecasting • Overconfidence • People overestimate precision of beliefs or forecasts, and overestimate abilities 9-3 Behavioral Finance • Information Processing • Conservatism bias • Investors too slow in updating beliefs in response to recent evidence • Sample size neglect and representativeness • People prone to believe small sample is representative of population, infer patterns too quickly 9-4 Behavioral Finance • Behavioral Biases • Framing • Decisions affected by how choices are posed, . gains relative to low baseline level or losses relative to higher baseline • Mental accounting • Form of framing; people segregate .

• Kinh tế học
• Essentials of Investments
• Behavioral Finance
• Technical Analysis
• Behavioral Critiqu
• Share Price
• Moving Averages
• Ebook Essentials of investments
• Investment companies
• Debt securities
• Portfolio theory
• Securities markets
• Capital asset pricing
• Derivative markets
• Active investment management
• Equity valuation
• Financial statement analysis
• Financial Assets
• The Investment Process
• Major Classes of Financial Assets
• Key Trends
• Global Markets
• Industry analysis
• Options markets
• Option valuation
• Futures markets
• Asset classes
• Financial instruments
• Other investment companies
• Mutual funds
• International investing
• Performance evaluation
• Financial Markets
• Money Market Instrument Yields
• Bank Discount Rate
• Bond Equivalent Yield
• Securities market
• Secondary Security Sales
• Investment Banking Arrangements
• Public Offerings
• Private Placements
• Net Asset Value
• Types of Investment Companies
• Rates of Return
• Returns Using Arithmetic
• Geometric Averaging
• Dollar Weighted Returns
• Dollar Weighted Average Using Text
• Efficient Diversification
• Correlation Coefficients
• Three Security Portfolio
• Minimum Variance Combination
• Extending Concepts to All Securities
• Arbitrage Pricing Theory
• Resulting Equilibrium Conditions
• Capital Market Line
• Market Risk Premium
• The Efficient Market Hypothesis
• Versions of the EMH
• Types of Stock Analysis
• Resource Allocation
• How Tests Are Structured
• Bond Prices
• Bond Characteristics
• Corporate Bonds
• Preferred Stock
• Innovation in the Bond Market
• Bond Pricing Relationships
• Rules for Duration
• Callable Bonds
• Mortgage Backed Securities
• Passive Managemen
• Fundamental Analysis
• The Global Econom
• The Domestic Macroeconom
• The Domestic Macroeconomy
• Models of Equity Valuation
• Valuation by Comparables
• Limitations of Book Value
• Financial Statements
• Profitability Measures
• Financial Leverage
• Option Terminology
• Exercise Price Relationships
• European Options
• Different Types of Options
• Factors influencing option values
• BlacScholes option valuation
• Using the BlacScholes formula
• Binomial Option Pricing
• Risk Management
• Basics of Futures Contracts
• Existing Contracts
• Trading Mechanics