well in some ways your response is it's own answer. historically, the theory of marginal utility was the response to marxian economics. bourgeois theory had to...
Best post ever! \n ... wrong in a global view. From a global view, they are like half a bowl of water, if you put it on the table, you may find the water is...
Yes, Neil, like Fallacy of the Commons, where rational individual action is not constructive when everyone does it collectively, and the contra positive, where...
The idea of dragging in Marxist ideology to the question of whether or not trading equities/investing in equities is a zero sum game seems to miss the point by...
Great explanation, Doug. Let us get back to the problem of comparing the behaviour of gamblers in casino versus the behaviour of investors on Wall Street. ...
Hi Doug I don't see what to and whom to your answer is targeted, albeit personaly I share the same view that static balance (and even less, entropy), do not...
<http://www.physorg.com/news145715057.html> Risky decision-making essential to entrepreneurialism Whether someone will become the next Richard Branson, Steve...
Dear group members, It seems that loss aversion could explain a wide range of anomalous phenomena. I wonder whether loss aversion violates any neoclassical ...
thanks for the article.. it was very informative indeed. ... -- Shalini Kalra Sahi FPM Scholar Finance Area Management Development Institute Gurgaon, 122001 ...
Bob, it is very interesting to compre the individual rational behavior with colective irrational behavior! But, I wonder who could judge that her/his behavior...
Dear All, Im a Chinese master student at Peking University. Currently, Im interested in the analysts under-reaction to earning surprise. Is there ...
David Ziyu Lu
luziyu@...
Nov 19, 2008 5:20 pm
8570
hello everyone, i am a student a Madras Christian College and i have planned to do my final year PG project in Behavioral Finance. can you suggest some topic...
I was thinking about to observe changes on long memory of returns after/during crash periods of markets. But I guess, we have not enough data for current...
First, big thanks for all group, it's an interesting and valuable read, though a bit scarce sometimes :) I would like to get directions for my thoughts about...
This model continues the flaw of having N number of "individual actors" as data points, as well as presuming that how they answered in a survey will be the...
... actors" as data points, as well as presuming that how they answered in a survey will be the same as how they act in the future. ... have behavior A or B or...
I agree that any model that just integrates the effect of the homogenous group of irrational decision-makers does not have much in common with reality,...
The simplest example is the price of the index on Friday. If you look at in detail, more than half of the times in time data, the stock exchange close at...
When someone says his/her behavior is rational, how could you judge this man/woman is rational in thoughts? Could you believe in what were said? ... ...
... I suppose for the foreseeable future will be to distinguish bear market rallys from the true end of the bear market - in my opinion one could only make...
I don't think your staement: "small and medium investors' behavior can converge at a position which results in irrationality" is reasonable in some sense. ... ...
