投資心理學(Psychology of Investing)3~6章參考資料

第三章　害怕後悔與追求自尊

1. R. Clarke, S. Krase and Meir Statman, "Tracking Errors, Regret and Tactical Asset Allocation", Journal of Portfolio Management, Spring 1994.

2. H. Shefrin and Meir Statman, "The Disposition To Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence", Journal of Finance, Vol. 40, July 1985. Reprinted in Richard H. Thaler, editor, Advances in Behavioral Finance, New York, New York: Russell Sage Foundation, 1993.

3. Stephen P. Ferris, Robert A. Haugen and Anil K. Makhija, "Predicting Contemporary Volume with Historic Volume at Differential Price Levels: Evidence Supporting the Disposition Effect", The Journal of Finance, Vol. 43, 1987, pp. 677-697

4. Gary G. Schlarbaum, Wilbur G. Lewellen and Ronald C. Lease, "Realized Returns on Common Stock Investments: The Experience of Individual Investors", The Journal of Business, Vol. 51, No. 2 (Apr., 1978), pp. 299-325

5. Terrance Odean, "Are Investors Reluctant to Realize Their Losses?", Journal of Finance 53, 1775-1798.

6. David Genesove and Christopher J. Mayer, "Loss Aversion And Seller Behavior: Evidence From The Housing Market", National Bureau of Economic Research Working Paper No.8143(2001).

7. Martin Weber and Colin F. Camerer, "The Disposition Effect in Securities Trading: An Experimental Analysis", Journal of Economic Behavior & Organization 33(1998): 167-184.

8. John R. Nofsinger（本書作者）, "The Impact of Public Information on Investors", Journal of Banking and Finance 25(2001): 1339-1366.

9. Shlomo Benartzi and Richard Thaler, "Myopic Loss-Aversion and the Equity Premium Puzzle", Quarterly Journal of Economics 110(1995): 75-92.

10. Chip Heath, Steven Huddart, and Mark Lang, "Psychological Factors and Stock Option Exercise", Quarterly Journal of Economics 114(1999): 601-627.


第四章　考慮過去

1. Daniel Kahneman, Amos Tversky, "Prospect Theory: An Analysis of Decision under Risk", Econometrica, Vol. 47, No. 2 (Mar., 1979), pp. 263-292
http://links.jstor.org/sici?sici=0012-9682(197903)47%3A2%3C263%3APTAAOD%3E2.0.CO%3B2-3

2. Richard Thaler and Eric Johnson, "Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice", Management Science 36(1990): 643-660.

3. Tracey Longo, "Stupid Investors Tricks", Financial Planning(April 2000): 116.

4. Richard Thaler, "Toward a Positive Theory of Consumer Choice", Journal of Economic Behavior and Organization 1(1980): 39-60.

5. William Samuelson and Richard Zeckhauser, "Status Quo Bias in Decision Making", Journal of Risk and Uncertainty 1(1998): 7-59.

6. Daniel Kahneman, Jack Knetsch, and Richard Thaler, "Experimental Tests of the Endowment Effect and the Coase Theorem", Journal of Political Economy 98(1990): 1325-1348.

7. Kahneman, Knetsch, and Thaler, "Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias", Journal of Economic Perspectives 1(1991): 193-206.

8. George Lowenstein and Daniel Kahneman, "Explaining the Endowment Effect", Carnegie Mellon University working paper(1991).

9. D. Kahneman, B. Fredrickson, C. Schreiber, and D. Redelmeier, "When More Pain is Preferred to Less: Adding a Better End", Psychological Science(1993): 401-405.

10. Daniel Kahneman, Peter Wakker, and Rakesh Sarin, "Back to Bentham? Explorations of Experienced Utility", Quarterly Journal of Economics 112(1997): 375-406.

11. Daniel Read and George Lowenstein, "Enduring Pain for Money: Decisions Based on the Perception and Memory of Pain", Journal of Behavioral Decision Making 12(1999): 1-17.

12. George Akerlof and William Dickens, "The Economic Consequences of Cognitive Dissonance", American Economic Review 72(1982), 307-319.

13. Robert Knox and James Inkster, "Postdecision Dissonance at Post Time", Journal of Personality and Social Psychology 8(1968): 319-323.

14. William Goetzmann and Nadav Peles, "Cognitive Dissonance and Mutual Fund Investors", Journal of Financial Research 20(1997): 145-158.


第五章　心理會計

1. Richard Thaler, "Mental Accounting and Consumer Choice", Marketing Science 4(1985): 199-214.

2. Drazen Prelec and George Loewenstein, "The Red and the Black: Mental Accounting of Savings and Debt", Marketing Science 17(1998): 4-28.

3. Richard Thaler, "Toward a Positive Theory of Consumer Choice", Journal of Economics Behavior and Organization 1(March 1980): 39-60.

4. Hal Arkes and Catherine Blumer, "The Psychology of Sunk Cost", Organizational Behavior and Human Decision Processes 35(February 1985): 124.

5. John Gourville and Dilip Soman, "Payment Depreciation: The Behavioral Effects of Temporally Separating Payments from Consumption", Journal of Consumer Research 25(1998): 160-174.

6. Eric Hirst, Edward Joyce, and Michael Schadewald, "Mental Accounting and Outcome Contiguity in Consumer-Borrowing Decisions", Organizational Behavior and Human Decision Process 58(1984): 136-152.

7. Hersh Shefrin and Meir Statman, "The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence", Journal of Finance 40(1984): 777-790.


第六章　投資組合形成

1. 《Investment Analysis and Portfolio Management》


2. Hersh Shefrin and Meir Statman, "Behavioral Portfolio Theory", Journal of Financial and Quantitative Analysis 35(2000): 127-151.

3. Meir Statman, "Foreign Stocks in Behavioral Portfolios", Financial Analysts Journal(March/April 1999): 12-16.

4. Shlomo Benartzi and Richard H. Thaler, "Naive Diversification Strategies in Defined Contribution Savings Plans", American Economic Review 91(2001): 79-98.


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