A Survey of Behavioral Finance
A Survey of Behavioral Finance ArXiv ID: ssrn-332266 “View on arXiv” Authors: Unknown Abstract Behavioral finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational. The field has two Keywords: Behavioral finance, Asset pricing, Rational agents, Financial phenomena, Equities Complexity vs Empirical Score Math Complexity: 2.0/10 Empirical Rigor: 1.0/10 Quadrant: Philosophers Why: The paper is a comprehensive literature review discussing concepts like limits to arbitrage and psychology, which are conceptual and theoretical, lacking dense mathematical derivations or empirical backtesting results. flowchart TD A["Research Goal: Review behavioral finance models with non-rational agents"] --> B["Data/Inputs: Empirical asset pricing anomalies, survey data"] B --> C["Key Methodology: Literature survey, model comparison"] C --> D["Computational Processes: Psychological bias analysis, agent-based simulations"] D --> E{"Key Findings/Outcomes"} E --> F["Deviations from rational expectations"] E --> G["Persistent equity anomalies explained"] E --> H["Limited arbitrage success"]