TY  - BOOK
AU  - Luo,Guo Ying
ED  - SpringerLink (Online service)
TI  - Asset Price Response to New Information: The Effects of Conservatism Bias and Representativeness Heuristic 
T2  - SpringerBriefs in Finance,
SN  - 9781461493693
AV  - HG1-9999 
U1  - 657.8333 23
PY  - 2014///
CY  - New York, NY
PB  - Springer New York, Imprint: Springer
KW  - Economics
KW  - Finance
KW  - Economics/Management Science
KW  - Finance/Investment/Banking
KW  - Financial Economics
KW  - economic theory
N1  - Chapter 1 Introduction -- Chapter 2 Conservatism bias and asset price overreaction or underreaction to new information in a competitive securities market -- Chapter 3 Conservatism bias and asset price overreaction or underreaction to new information in the presence of strategic interaction -- Chapter 4 Representativeness heuristic and asset price overreaction or underreaction to new information in a competitive securities market -- Chapter 5 Representativeness heuristic and asset price overreaction or underreaction to new information in the presence of strategic interaction -- Chapter 6 The presence of representativeness heuristic and conservatism bias in an asset market -- Chapter 7 Conclusion -- Appendix -- References
N2  - Asset Price Response to New Information examines the effect of two types of psychological biases (namely, conservatism bias and representativeness heuristic) on the asset price reaction to new information. The author constructs various models of a competitive securities market or a security market allowing for strategic interaction among traders to prove rigorously that either conservatism or representativeness is capable of generating both asset price overreaction and underreaction to new information. The results shed some new insights on the phenomena of the asset price overreaction and underreaction to new information. In the literature, very little has been published in this area of behavioral finance. This volume will appeal to graduate-level students and researchers in finance, behavioral finance, and financial engineering
UR  - http://dx.doi.org/10.1007/978-1-4614-9369-3
ER  -