Hi! What a strange financial asset, gold is! Not many financial fundamentals, such as expected returns for example, helping to make a "fair" valuation. No...
gold is on the one hand a financial asset paying only small interest rates and on the other hand offers a high convenience yield. a little similar to real...
... interest rates and on the other hand offers a high convenience yield. a little similar to real estate... ... industry shows it's a multi-purpose asset. so...
What is it that gives gold its unique status in the world of finance? We know that it is a commodity, and it is also money. It has both an intrinsic...
In addition to being a precious metal commodity, with its unique industrial characteristics, gold is also a contra-US dollar and fiat currency asset and...
I think gold is a behavioral asset. Like central banks are supposed to be lenders of last resort, gold could be seen as the money of last resort. If the fiat...
Hi, Arturo, would it mean that gold is a financial option, or an insurance premium? But as the strike price and the probabilities are unknown, a behavioral...
Hi Peter, how have you been? (I owe you a letter, or you owe me) I think gold is a behavioural asset the way buying insurance is, it hedges some risk you...
... Hi Jan. I'm fine, except maybe for a stroke of "BF blues" laziness, your diagnosis in the "lull in BF" thread was right, but I'm working on sending...
It depends how you define those terms, Peter, and anticipating your definition, it also depends in what context - that is, what existing exposure is at risk. ...
Hi, dear members and visitors! Here is the 47th month BF group newsletter 1) Monthly stats The subscribers / unsubscribers balance got stabler this month, no...
Hi, Bob, seems my answer was lost in the cyberspace I will slightly reformulate it so that, if it comes back from the internet blackhole, it looks like another...
Bob, good question, even if I don't have the full answer. I would say that the exposure is diffuse, hard to define, as based on various objective / subjective...
Want to answer all here when I get home tonight, but for now re gold as insurance: *s* I see I'm not the only one who posted an insurance connection. ...
Hai everybody Can BF be applied ot mergers and acquisitions? There should some psychological underpinnings to why certain companies go in for takeovers while...
Hi - I'm new to this group and probably starting with a dumb question. Has anyone ever seen a BF survey and know where I could get one? I'm guessing there...
There is an interesting item by Edward Teach at the link below http://www.bowne.com/newsletters/newsletter.asp?storyID=851 on "Understanding How Psychology...
Dick March
rmarch@...
Apr 8, 2004 7:29 pm
6293
The money motive is much simpler and more mainline effective. M&A creates huge windfalls gains for all the negotiating parties, and you can be overconfident...
Hello Ari ! There is not TOO much that I knew about french books or articles on the subject, try articles by Bruno Biais(he formerly worked in microstructure,...
Hi psi-fi lover, At this moment I'm writing a thesis on Behvioral Finance (BF) and especiallly on Limited Arbitrage in the Euronext stock exchange. According...
Hi David ! Just my two cents... There are definitely more than three phenomena... If you read carefully Barberis & Thaler (2002), you'll notice that they say...
Ey Ari! préparant à quitter NY? ou même déja en France? averti-moi quand tu es là! gustave le bon (1911): psychologie des foules a french book on mass...
theres an entire topic on this area in the book'beyond greed& fear' by hersh shefrin.try to lay your hands on this book. ... Hai everybody Can BF be applied ot...
Hi Could you please help me in finding the answer for this quetsion, what are the majore distinction between hostile and friendly takeover from a UK...
hi everybody, i have the book by gustave le bon in html format.am attaching the same.anyone who wants to refer to the same can do so.let me know if anyone...
Hi there, I strongly agree on the argument that limited arbitrage along with irrational trading are the main parameters creating several "anomalies" that the...
Hi I'm not sure how this relates to Behavioural Finance but can someone point me to any literature regarding `social construction of finance/financial...
Hi Dave, in my opinion the social construction as well as the mechanisms involving the financial world have a great role to what we say Behavioural Finance....
Hi all I can't find this paper in my univercity and at the cowles foundation,: Shiller Robert J. "do stock prices move too much to be justified by subsequent...