Abstract
In previous chapters, we discussed the theoretical background and empirical evidence behind the actual behavior of market participants, that is, investors and corporate managers. With respect to corporate managers, first, we showed how rational managers may attempt to exploit investor irrationality and market inefficiency (chapter 7). Later, we argued that not only investors, but also corporate managers might be subject to psychological biases and act irrationally (chapter 8).
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© 2013 Adam Szyszka
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Szyszka, A. (2013). Managerial Practice. In: Behavioral Finance and Capital Markets. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137366290_10
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DOI: https://doi.org/10.1057/9781137366290_10
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-46414-2
Online ISBN: 978-1-137-36629-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)