Behavioural Finance: A Review and Synthesis
综合了过去二十年行为金融学文献，从股票收益模式、交易活动和公司金融三方面回顾，并指出其对个人投资者和CEO的规范意义。
Abstract I provide a synthesis of the Behavioural finance literature over the past two decades. I review the literature in three parts, namely, (i) empirical and theoretical analyses of patterns in the cross‐section of average stock returns, (ii) studies on trading activity, and (iii) research in corporate finance. Behavioural finance is an exciting new field because it presents a number of normative implications for both individual investors and CEOs. The papers reviewed here allow us to learn more about these specific implications.