Operationalizing a Behavioral Finance Risk Model: A Theoretical and Empirical Framework

The Journal of Behavioral Finance & Economics, Forthcoming

22 Pages Posted: 28 Sep 2013 Last revised: 1 Oct 2013

See all articles by Rassoul Yazdipour

Rassoul Yazdipour

California State University; Financial Decision Making Institute- FDMI

William P. Neace

University of Hartford

Date Written: March 21, 2013

Abstract

To keep up with the rather fast-growing interest in the discipline of Behavioral Finance and Economics – caused in part by the new realities of the post-2008 world, and the realities prevailing over three decades before and leading up to that year – there is a discernible need for the production of new generations of testable and yet more realistic models and theories as guides for financial and economic decision makers everywhere. The present work is one such attempt in that direction. This writing first improves upon a recently developed, and real-life-inspired, Behavioral Finance Risk Model (Yazdipour, 2011) and then offers a specific methodology for testing it.

Keywords: Behavioral Finance, Behavioral Economics, Risk and Uncertainty, Risk Model

Suggested Citation

Yazdipour, Rassoul and Neace, William P., Operationalizing a Behavioral Finance Risk Model: A Theoretical and Empirical Framework (March 21, 2013). The Journal of Behavioral Finance & Economics, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2331923

Rassoul Yazdipour (Contact Author)

California State University ( email )

HOME PAGE: http://www.aobf.org

Financial Decision Making Institute- FDMI ( email )

Los Angeles, CA 91202
United States

William P. Neace

University of Hartford ( email )

West Hartford, CT 06117-1599
United States

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