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 8, Number 4, 2007 Titles

The Geography of S&P 500 Stock Returns
David Barker - University of Iowa
Tim Loughran - University of Notre Dame

The Hot Stock Tip from Debbie: Implications for Market Efficiency
Kenneth Small - Wall School of Business, Coastal Carolina University
Jeff Smith - Department of Finance, Wright Patterson Air Force Base, Air Force Institute of Technology

Earnings per Share: Stylized Facts and New Paradigms
Rolando F. Pelaez - University of Houston

Information-Adjusted Noise Model: Evidence of Inefficiency on the Australian Stock Market
Vikash Ramiah - School of Economics, Finance, and Marketing, RMIT University
Sinclair Davidson - School of Economics, Finance, and Marketing, RMIT University

Managerial Overoptimism and the Choice Between Debt and Equity Financing
Michael Gombola - Drexel University
Dalia Marciukaityte - Louisa Tech University