The Institute of Behavioral Finance

The Institute of Behavioral Finance
The Institute of Behavioral Finance was established to study the impact of psychology on investor decision-making. Through its major publication, the Journal of Behavioral Finance, and sponsored conferences the Institute has been at the forefront of new research in Behavioral Finance. The Institute's research areas include heuristic biases, laboratory experiments on the formation of bubbles, over-and-under-reaction, and affect theory. The goal of the Institute is to continue to address important new issues in Behavioral Finance by involving interested practitioners and academics in many fields, including economics, cognitive and group psychology, anthropology, sociology, and neuro-economics. By incorporating the work of knowledgeable researchers in varied disciplines the Institute tries to find better explanations for both investor decision-making and market anomalies that have been noted but not explained for several generations.

The Journal of Behavioral Finance offers penetrating insights into the performance of today's financial markets and is an indispensable resource for academics and practitioners who want to utilize behavioral concepts to understand the "how, what, when and where" of investing.

Volume 9, Number 1, 2008 Titles

Cognitive Dissonance: The Problem Facing Behavioral Finance
Robert A. Olsen - Decision Research

Bursting Bubbles: Linking Experimental Financial Market Results to Field Market Data
Julia Henker - University of New South Wales
Sian Owen - University of New South Wales

Giving Credit Where Credit is Due: The Psychology of Credit Ratings
Vanessa Gail Perry - George Washington University

Ambiguity Aversion and Illusion of Control: Experimental Evidence in an Emerging Market
Breno Grou - Universidade de Brasilia
Sinclair Davidson - Banco Central do Brasil and Universidade Catolica de Brasilia

Dividend and Taxes, Redux, Again
George M. Frankfurter - Louisiana State University
Arman Kosedag - Berry College
Bob G. Wood Jr. - Tennessee Tech University College of Business
Haksoon Kim - Louisiana State University

A Detailed Prospect Theory Explanation of the Disposition Effect
Raymond Dacey - University of Idaho
Piotr Zielonka - Warsaw University of Life Sciences