The rational irrational behavior hypothesis

Connelly, Thomas J.
April 1997
Journal of Financial Planning;Apr97, Vol. 10 Issue 2, p32
Academic Journal
Presents theories that attempt to explain irrational behavior and decision-making among investors. Cognitive illusions of risk attitudes, mental accounting and overconfidence; Arguments to explain market anomalies; Factors associated with stock market anomalies include asset yield, cyclicality, earnings trend and return reversal; Lessons for financial planners.


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