Behavioral Finance
The pandemic-era stock markets have been a showcase of behavioral biases in action.
"If we thought of the equity premium as a fear premium," Rob Arnott says, "a lot of the so-called anomalies that we’ve talked about would not be anomalies at all."
Cliff Asness, Rob Arnott, Roger G. Ibbotson, and other luminaries explore the nature of bubbles and the momentum factor.
What are the most widely used causality tests in the equity markets?
While analytical judgment is considered universal in science, in finance investment decisions are derived from mental heuristics.
Where is the common ground between quant and fundamental investing?
This book provides the insights and tools investors need to improve their investing outcomes.
Since its launch in 2011, Enterprising Investor has showcased the scholarship of behavioral finance’s top luminaries as well as its critics.
Andrew Lo and Ajay Agrawal explore how biases, regulations, and economics and wealth distribution will shape the future of fintech.
How does the stock market collectively respond to quality losses versus quality gains?