A Behavioral Approach To Efficient Portfolio Formation

Muradoğlu, Yaz Gűlnur; Altay-Salih, Aslıhan; Mercan, Muhammet

doi:10.1207/s15427579jpfm0604_4

Cited by 4 publications

(2 citation statements)

References 5 publications

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“…They can be useful in others areas of finance as well, such as in the expectation formation processes underlying selection of the contents of portfolio. Thus, for example, Muradoglu et al (2005) examined the effectiveness of an expectation formation process heuristically based on the subjective forecasts of finance professionals. The portfolio performance of subjective forecasts was superior to that of standard time series modelling.…”

Section: Why Is Work In Behavioural Finance Important For Finance?mentioning

confidence: 99%

Behavioural finance: the role of psychological factors in financial decisions

Muradoğlu

Harvey

2012

Review of Behavioural Finance

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PurposeThe purpose of this paper is to introduce the special issue of Review of Behavioural Finance entitled “Behavioural finance: the role of psychological factors in financial decisions”.Design/methodology/approachThe authors present a brief outline of the origins of behavioural economics; discuss the role that experimental and survey methods play in the study of financial behaviour; summarise the contributions made by the papers in the issue and consider their implications; and assess why research in behavioural finance is important for finance researchers and practitioners.FindingsThe primary input to behavioural finance has been from experimental psychology. Methods developed within sociology such as surveys, interviews, participant observation, focus groups have not had the same degree of influence. Typically, these methods are even more expensive than experimental ones and so costs of using them may be one reason for their lack of impact. However, it is also possible that the training of finance academics leads them to prefer methodologies that permit greater control and a clearer causal interpretation.Originality/valueThe paper shows that interdisciplinary research is becoming more widespread and it is likely that greater collaboration between finance and sociology will develop in the future.

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Section: Why Is Work In Behavioural Finance Important For Finance?mentioning

confidence: 99%

Behavioural finance: the role of psychological factors in financial decisions

Muradoğlu

Harvey

2012

Review of Behavioural Finance

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“…3: where the fluctuations of fundamental and market values of stocks of oil companies are presented. The companies were chosen under the behavioral portfolio formation [10]. The same research was done for other blue chips of big companies of significant Russian industries: pharmaceutics, chemical, telecommunication, metallurgy.…”

Section: Illustrations Of Dhs and Hong And Stein Modelsmentioning

confidence: 99%

Testing Behavioral Asset Pricing Models on Russian Financial Market

Bogatyrev¹

2014

IJTEF

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Behavioral finance attracts a great interest in Russia, but there are few studies in this field due to limited research base and a lack of literature on this topic. Such studies are done at Financial University under the Government of Russian Federation. The article outlines the stages of the development of Behavioral finance in Soviet Union and modern Russia. In the article the problems of the research on this topic are stipulated. The process of developing, the basis of the Behavioral finance in Russia is described. The results of some behavioristic researches in Russian M&A and stock markets are presented. The perspectives of the further development of the Behavioral finance are outlined. The latest behavioristic models of recognized scientists of Behavioral finance are implemented in Russian markets. This is the original and significant contribution to the implementation of Behavioral asset pricing models in Russia and never was done before.

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