Behavioral Finance Models and Behavioral Biases in Stock Price Forecasting
Subject Areas : Financial and Economic Modelling
1 - Department of Accounting and Finance, Humanities Faculty, Maragheh Branch, Islamic Azad University, Maragheh, Iran
2 - Department of Accounting and Finance, Humanities Faculty, Maragheh Branch of Islamic Azad University, Maragheh, Iran
Keywords:
Abstract :
[1] Badri, A., Sadeghi, M., Effect of different days of week on returns, volatility and volume of transactions in Tehran Stock Exchange. Management Message, 2005, 17, P.55-83. (In Persian)
[2] Birau, f. R., The meanings of efficient market paradigm in the context of emerging capital markets. An analysis of weak-form efficiency on the Bucharest Stock Exchange, The International Conference,, competitiveness And Stability In The Knowledge Based Economy, The Faculty of Economics and Business Administration, University of Craiova, Romania, 4-5 November 2011.
[3] Birnberg, J., A Proposed Framework for Behavioural Accounting Research. Journal Behavioural Research in Accountin. 2011, 23, P.1-43. DOI: 10.2308/bria.2011.23.1.1
[4] Brinberg, J., Luft, J., Shields, M., Hand Book of Management Accounting Research. Elsevier Ltd. 2007.
[5] Daniel, K., Titman, S., Market reaction to tangible and intangible information. Journal of Finance. 2006, 4, P.1605-1643. DOI: 10.3386/w9743
[6] Darabi, R., Chenary-e Bukat, H., Valikhani, M., Dimensions and Approaches of Behavioral Finance Theory, Iranian Accounting and Auditing Studies, 2016, 5. (In Persian)
[7] Eslami-e Bidgoli, G., Kordlouy, H., Behavioral Finance: Transition from Standard Financial to Neurofinance, Journal of Financial Engineering and Portfolio Management, 2010, 1, P.19-36. (In Persian)
[8] Frydman, C., Camerer, C., The Psychology and Neuroscience of Financial Decision Making. Journal Trends in Cognitive Sciences, 2016, 20.
[9] Fernandes, J., Pena, J., Benjamin, T., Behavior finance and estimation risk in stochastic portfolio optimization, banco centeral do brasil, 2009, Working paper.184.
[10] Golami Jamkarani, R., Mokhtari, D., Effect of Conservative Reporting on Investors Opinion Divergence at Time of Earnings Announcement. Journal Advances in mathematical Finance & applications. 2018, 3, P.81-95. (In Persian)
[11] Hamiltom, J. D., A new approach to the economic analysis of non-stationary time series and the business cycle, Econometrica, 1989, 57, P.357- 384. DOI: 10.2307/1912559
[12] Hellmann, A., The role of accounting in behavioural finance. Journal of Behavioural and Experimental finance. 2016, 9, P.39-42. DOI: 10.1016/j.jbef.2015.11.004
[13] Hirshleifer, D. Investor psychology and asset pricing. Journal of Finance, 2002, 56, P.1533-1597.
[14] Hui-chu, S., Investor mood and Financial markets. Journal of Economic Behaviour & organization, 2010, 76, P.267-282. DOI: 10.1016/j.jebo.2010.06.004
[15] Hunton, J. E., Toward an understanding of the risky choice behavior of professional financial analysts, Journal of Psychology and Financial Market. 2005, 20, P.182-189. DOI: 10.1207/S15327760JPFM0204_2
[16] Jagongo, A., Mutswenje, V., A surrey of the Factors Individual Investors at the NSE International Journal of Humanities and Social Science,2014, 4.
[17] Keshavarz-e Haddad, G., Rezaei, M., Testing and analyzing the existence of herd behavior among institutional investors of the Iran Stock Exchange. Quarterly Journal of Economic Research, 2010, P.103-138. (In Persian)
[18] Khademi-e Grashi, M., Ghazizadeh, M., Investigating the Factors Affecting the Decision-making of Shareholders in Tehran Stock Exchange based on the Structural Equation Modeling, Daneshvar Journal of Research, Shahed University of Medical Sciences, 2007, 23. (In Persian)
[19] Levin, S., Zajac, E., The social Life of Financial. Journal Illinois, Wesleyan University.2001, 23, P.1-8.
[20] Malekian, E., Fakhari, H., Ghasemi, J., Farzad, S., Predict the Stock Price of Crash Risk by Using Firefly Algorithm and Comparison With Regression. Journal Advances in mathematical Finance & applications. 2018, 3, P.43-58. (In Persian)
[21] Mehrani, S., Nounahal-e Nahr, A., Investigating blow-the-expectation behavior of investors in Tehran Stock Exchange, Journal of Accounting and Auditing, 2008, 54. (In Persian)
[22] Menkhoff, L., Nikiforow, M., Professional endorsement of behavioral finance: Dose it impact their perception of markets and themselves? Journal of Economic Behaviour & Organization, 2009, 71, P.318- 329. DOI: 10.1016/j.jebo.2009.04.004
[23] Opera, C., Tanasescu, C., Effect of Behavioural Financial on Emerging Capital Markets. Procedia Economics and Finance Journal, 2014, 15, P.1710- 1716. DOI: 10.1016/S2212-5671(14)00645-5
[24] Rahnemay-e Roudposhti, F., Zandieh, V., Behavioral Finance and Neurofinance (New Financial Paradigm) from Theory to Practice, Islamic Azad University Publications, Organization of Printing and Recruitment. 2012, (In Persian)
[25] Raei, R., Fallahpour, S., Behavioral Finance, Different Approaches in the Area of Finance, Financial Research, 2004, 18, P.77-106. (In Persian)
[26] Ritter, J. R., Behavioral finance, Pacific-Basin Finance Journal. 2003, 11, P.429-437. DOI: 10.1016/S0927-538X(03)00048-9
[27] Shahrabadi, A., Yousefi, R., An Introduction to Behavioral Finance, Stock Exchange Journal, 2007, 9, P.51-70. (In Persian)
[28] Samadi, S., Nasrollahi, Z., Zahedmehr, A., Testing the Efficacy and price bubble in Tehran Stock Exchange using the filter rule and CAPM pattern, Quarterly Economic Reviews, 2007, 4, P.91-113. (In Persian)
[29] Thaler, R. H., The end of behavioral finance, Financial Analyst Journal, 1993, 55, P.12-17. DOI: 10.2469/faj.v55.n6.2310
[30] Wang, l., Shi, K., Xiafan, H., Psychological mechanisms of investor in Chinese stock market. Journal of Economic Psychology, 2006, 27, P.762- 780. DOI: 10.1016/j.joep.2006.06.007
