Bøker av Hersh Shefrin

The psychological dimension of managing risk is of crucial importance, and its study has led to the identification of specific do's and don'ts.

Provides a structured approach to behavioural finance in respect to underlying psychological concepts, formal framework, testable hypotheses, and empirical findings. A key theme of the volume is that the future of finance will combine realistic assumptions from behavioural finance and rigorous analysis from neoclassical finance.

Provides instructors with a comprehensive pedagogical approach for teaching students how behavioral concepts apply to corporate finance. This book intends is to identify the key psychological obstacles to value maximizing behavior, along with steps that managers can take to mitigate the effects of these obstacles.