Behavioral Finance and Capital Markets reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance.Review"Szyszka provides an excellent introduction to this intellectual conflict [between the dominant neoclassical and upstart behavioral paradigms] and the basic contours of the theoretical and empirical grounds upon which the battle is taking place. The text offers something for just about any reader interested in a better understanding of capital markets, whether undergraduate students considering a future in finance, graduate students forming their own research agenda, or professionals in finance wanting to develop better predictive models or simply gain a better grasp of current academic debates about market behavior.
Summing Up: Highly recommended." – CHOICE"Szyszka presents in this excellent book a comprehensive review of the growing field of behavioral finance, useful for academics, practitioners, and students." – Meir Statman, Glenn Klimek Professor of Finance, Santa Clara University, USA"A timely comprehensive overview of the growing behavioral finance literature. An integrative approach, focusing both on implications for asset management as well as corporate finance." – Theo Vermaelen, Professor of International Finance and Asset Management, INSEAD Business School, Co-manager of DIM PV Buyback USA Fund, Belgium"An interesting book for business students and managers looking for a systematic introduction to all aspects of behavioral finance." – Werner De Bondt, Professor of Behavioral Finance, DePaul University, USA"A well-thought and well-researched book which analyses the role of fear and greed in finance and offers thus an original perspective on recent financial crises." – Professor Philippe Maystadt, Honorary President of the European Investment Bank, Belgium