The Allusions of Behavioral Finance

Naveed, M., Hassan, S. T., Azhar, T., Latif, S., Mubin, M., & Qadri, K. (2014). The Allusions of Behavioral Finance. Research Journal of Finance and Accounting, 5(9), 68-75

9 Pages Posted: 7 Feb 2017

See all articles by Naveed Iqbal

Naveed Iqbal

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) - Karachi Campus; SUPARCO

Taimoor Hassan

Mirpur University of Science and Technology

Tehseen Azhar

DHA Suffa University

Sumra Latif Mughal

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST), Students; Bahria University, Students

Muhammad Mubeen

IQRA University

Kashif Arif

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST)

Date Written: Januayr 2, 2014

Abstract

The deliberation in theoretical finance among the Efficient Market Hypothesis (EMH) and the subject of the behavioral finance is of immense interest. from the time when its emerge, the EMH has been the most significant theory which describes the behavior of the diverse agents in the financial markets and overlooks more or less any prospective impact of human behavior in the investment method. From the end of 1970s and the commencement of 1980s, a rising number of researchers and scholars showed the irregularity of this theory. The anomalies of the recent portfolio models and theories have provoked the development of behavioral finance. Behavioral finance assimilates psychology and economics in finance theory and has its heredity in the ground-breaking work of great psychologists Tversky and Daniel Kahneman (1979). The rationale of this study is to present a synthesis of the behavioral finance literature over the last two decades.

Keywords: Efficient Market Hypothesis, Financial Market, arbitrage, Cognitive dissonance, Regret avoidance

Suggested Citation

Iqbal, Naveed and Hassan, Taimoor and Azhar, Tehseen and Mughal, Sumra Latif and Mubeen, Muhammad and Arif, Kashif, The Allusions of Behavioral Finance (Januayr 2, 2014). Naveed, M., Hassan, S. T., Azhar, T., Latif, S., Mubin, M., & Qadri, K. (2014). The Allusions of Behavioral Finance. Research Journal of Finance and Accounting, 5(9), 68-75, Available at SSRN: https://ssrn.com/abstract=2910495

Naveed Iqbal

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) - Karachi Campus

szabist 100 90108 reserach villa
Karachi
Pakistan

SUPARCO

SUPARCO Road
P. O. Box No. 8402
Karachi-75270
Pakistan

Taimoor Hassan

Mirpur University of Science and Technology ( email )

Mirpur University of Science and Technology,
Azad Kashmir Road
Mirpur, Azad Kashmir
Pakistan

Tehseen Azhar

DHA Suffa University ( email )

DG-78 Off Khabyan-e-Tufail
Phase VII (Ext.), DHA
Karachi
Pakistan

Sumra Latif Mughal

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST), Students ( email )

Karachi
Pakistan
923333212120 (Phone)

Bahria University, Students ( email )

Pakistan

Muhammad Mubeen (Contact Author)

IQRA University ( email )

Defence View
Shaheed-e-Millat Road (Ext.)
Karachi, Sindh 75500
Pakistan

Kashif Arif

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) ( email )

90 and 100 Clifton
Karachi, ISLAMABAD 75600
Pakistan

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