内容

目次

Preface xi Richard H. Thaler Acknowledgments xix List ofAbbreviations xxiii Chapter 1: A Survey of Behavioral Finance by NicholasBarberis and Richard H. Thaler 1 Part I: Limits to Arbitrage Chapter2: The Limits of Arbitrage by Andrei Shleifer and Robert W. Vishny 79Chapter 3: How Are Stock Prices Affected by the Location of Trade? by KennethA. Froot and Emil M. Dabora 102 Chapter 4: Can the Market Add and Subtract?Mispricing in Tech Stock Carve-outs by Owen A. Lamont and Richard H. Thaler130 Part II: I Stock Returns and the Equity Premium Chapter 5:Valuation Ratios and the Long-run Stock Market Outlook: An Update by John Y.Campbell and Robert J. Shiller 173 Chapter 6: Myopic Loss Aversion and theEquity Premium Puzzle by Shlomo Benartzi and Richard H. Thaler 202 Chapter 7:Prospect Theory and Asset Prices by Nicholas Barberis, Ming Huang, and TanoSantos 224 Part III: Empirical Studies of Overreaction and UnderreactionChapter 8: Contrarian Investment, Extrapolation, and Risk by JosefLakonishok, Andrei Shleifer, and Robert W. Vishny 273 Chapter 9: Evidence onthe Characteristics of Cross-sectional Variation in Stock Returns by KentDaniel and Sheridan Titman 317 Chapter 10: Momentum by Narasimhan Jegadeeshand Sheridan Titman 353 Chapter 11: Market Efficiency and Biases inBrokerage Recommendations by Roni Michaely and Kent L. Womack 389 PartIV: Theories of Overreaction and Underreaction Chapter 12: A Model ofInvestor Sentiment by Nicholas Barberis, Andrei Shleifer, and Robert W.Vishny 423 Chapter 13: Investor Psychology and Security Market Under- andOverreaction by Kent Daniel, David Hirshleifer, and Avanidhar Subrahmanyam460 Chapter 14: A Unified Theory of Underreaction, Momentum Trading, andOverreaction in Asset Markets by Harrison Hong and Jeremy C. Stein 502Part V: Investor Behavior Chapter 15: Individual Investors by Brad M.Barber and Terrance Odean 543 Chapter 16: Naive Diversification Strategiesin Defined Contribution Savings Plans by Shlomo Benartzi and Richard H.Thaler 570 Part VI: Corporate Finance Chapter 17: Rational CapitalBudgeting in an Irrational World by Jeremy C. Stein 605 Chapter 18: EarningsManagement to Exceed Thresholds by Francois Degeorge, Jayendu Patel, andRichard Zeckhauser 633 Chapter 19: Managerial Optimism and Corporate Financeby J. B. Heaton 667 List of Contributors 685 Index 695