Behavioral Finance: A Panel Discussion

Abstract

This panel discussion on behavioral finance took place on November 19, 2016 during the annual meeting of the Southern Finance Association held at Sandestin, Florida. The panel provides an overview of behavioral finance and discusses different types of behavioral biases; how they influence private and institutional wealth management clients and professionals, corporate decision making, and traders; generational and gender differences in asset allocation and estate planning; as well as identifying future areas of research. The content of this panel discussion is partly based on the book Financial Behavior: Players, Services, Products, and Markets edited by H. Kent Baker, Greg Filbeck, and Victor Ricciardi and published by Oxford University Press in 2017.

Keywords: investor psychology, personal finance, financial planning, trading and investing strategies, investment theory, behavioral finance, behavioural finance, behavioral economics, financial services, investment products, financial markets, groups, players

JEL Classification: A12, D81, G00, G30, G10, M00, M10, M41