Behavioral Finance: A Survey of Financial Literature

Author

Quincy Hendricks, University of Mississippi. Sally McDonnell Barksdale Honors College

Date of Award

2018

Document Type

Undergraduate Thesis

Department

Finance

First Advisor

Bonnie Van Ness

Relational Format

Dissertation/Thesis

Abstract

Using academic studies and financial literature from over 40 researchers, I investigate if behavioral finance causes investors to not always act in a rational manner. In this thesis, I review the literature on investor behavior and outline the situational factors that contribute to investment decisions that are not consistent with the theory of rational expectations. In particular, I synthesize the departure from the theoretical standard due to gender bias, risk-taking, over confidence based on gender as well as institutional compared to individual investors, investor biases, external environmental influences, and lastly, herd behavior.

Recommended Citation

Hendricks, Quincy, "Behavioral Finance: A Survey of Financial Literature" (2018). Honors Theses. 764.
https://egrove.olemiss.edu/hon_thesis/764

Accessibility Status

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