Recent years have seen rapid and important developments in the area of behavioral finance, both from theoretical and empirical perspectives. In light of this, Durham Business School, in association with the European Financial Management, hosted a special symposium on ‘Behavioral Finance’ in April 2006. In addition to insightful and stimulating contributions from the keynote speaker, Avanidhar Subrahmanyam, and roundtable discussants, Kent Daniel, David Ikenberry, Narasimhan Jegadeesh, James Montier and Tyler Shumway, the symposium benefited from the presentation of many excellent papers covering a wide range of topics and approaches, encompassing theoretical, econometric and experimental. For the benefit of a wider audience a review and synthesis paper on behavioral finance by Subrahmanyam, and revised versions of four (4) selected papers from the symposium are published in this special issue of European Financial Management, with all papers having met the journal's standard blind review process.
- behavioral finance