Personal Finance and Investments: A Behavioural Finance Perspective

by Keith Redhead

Overview

In this book, the author draws from finance, psychology, economics, and other disciplines in business and the social sciences, recognising that personal finance and investments are subjects of study in their own right rather than merely branches of another discipline.

Considerable attention is given to topics which are either ignored or given very little attention in other texts. These include:

• the psychology of investment decision-making
• stock market bubbles and crashes
• property investment
• the use of derivatives in investment management
• regulation of investments business.

More traditional subject areas are also thoroughly covered, including:

• investment analysis
• portfolio management
• capital market theory
• market efficiency
• international investing
• bond markets
• institutional investments
• option pricing
• macroeconomics
• the interpretation of company accounts.

Packed with over one hundred exercises, examples and exhibits and a helpful glossary of key terms, this book helps readers grasp the relevant principles of money management. It avoids non-essential mathematics and provides a novel new approach to the study of personal finance and investments.

This book will be essential for students and researchers engaged with personal finance, investments, behavioural finance, financial derivatives and financial economics.

This book also comes with a supporting website that includes two updated chapters, a new article featuring a behavioural model of the dot com, further exercises, a full glossary and a regularly updated blog from the author.

Product Details

ISBN-13:	9781134088379
Publisher:	Taylor & Francis
Publication date:	09/15/2008
Sold by:	Barnes & Noble
Format:	eBook
Pages:	936
File size:	3 MB

About the Author

Keith Redhead is Principal Lecturer in the Department of Economics, Finance and Accounting at Coventry University Business School. He is also the author of "Introducing Investments: A Personal Finance Approach" and "Financial Derivatives: An Introduction to Futures, Forwards, Options and Swaps".

Table of Contents

CONTENTS

Preface

Chapter 1 – Introduction

Chapter 2 - The Psychology of Personal Investment Decisions, Basics of Money, Bond and Property Markets

Chapter 3 – Interest Rates and Money Market Investments

Chapter 4 - Investing in Bonds

Chapter 5 – Property Investment and Mortgages, Basics of Stock Markets

Chapter 6 - Stock Exchanges

Chapter 7 - Stock Indices

Chapter 8 - The Rationale and Conduct of Regulation, Institutional Investments

Chapter 9 - Mutual Funds (Unit Trusts, OEICs, Investment Trusts)

Chapter 10 - Life Assurance and Assurance-Related Investments

Chapter 11 - Pensions

Chapter 12 - The Importance and Significance of Institutional Investors, Capital Market Theory

Chapter 13 - Portfolio Diversification

Chapter 14 - Capital Market Theory: The Capital Asset Pricing Model

Chapter 15 - Capital Market Theory: Alternatives and Criticisms, Portfolio Management

Chapter 16 - Styles of Portfolio Construction

Chapter 17 - Evaluating the Performance of Fund Managers, Investment Analysis

Chapter 18 - The Economic Environment

Chapter 19 - Dividend Discount Models

Chapter 20 - Company Accounts and Economic Value Added

Chapter 21 – Ratio Analysis

Chapter 22 - Technical Analysis, Market Efficiency

Chapter 23 - Market Efficiency: Concepts and Weak Form Evidence

Chapter 24 - Noise Trading and Behavioural Finance

Chapter 25 - Market Anomalies

Chapter 26 - Further Evidence on Market Efficiency

Chapter 27 - Stock Market Bubbles and Crashes, Stock Index Futures

Chapter 28 - Stock Index Futures

Chapter 29 - Stock Index Futures Prices

Chapter 30 - Hedging with Stock Index Futures, Stock Options

Chapter 31 - Stock Options

Chapter 32 – Speculation with Stock Options

Chapter 33 - Hedging with Options

Chapter 34 – Structured Products

Chapter 35 – Warrants, Convertibles, and Split-Caps

Chapter 36 – Option Pricing and the Black-Scholes Model

Chapter 37 – Variations on the Basic Black-Scholes Option Pricing Model

Chapter 38 – The Binomial Option Pricing Model, International Investing: Using Currency Derivatives

Chapter 39 - Currency Forwards, Futures, Swaps and Options, Bond and Interest Rate Analysis

Chapter 40 - Bond Prices and Redemption Yields

Chapter 41 - Duration and Risk

Chapter 42 - Bond Price Convexity

Chapter 43 - Bond Futures

Chapter 44 -Yield Curves and Interest Rate Futures

Chapter 45 – Interest Rate Swaps