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BEHAVIORAL FINANCE MODELS, EFFICIENT MARKET HYPOTHESIS AND AN ASSESSMENT OF ITS ANOMALIES
Abstract
In this article, we tried to make some considerations about the research done
on efficient market hypothesis and behavioral finance, and anomalies of different
trading strategies.
In the first part of our study we mentioned about relationship between
Psychology and Behavioral Finance. Then, we explained how securities prices
reflect all the information without giving a profit opportunity to investor.
Furthermore we tried to answer the question of how the information takes place in
different market forms. In addition to that, we studied on important concepts of
behavioral finance models such as; the Expectations Theory, Expected Utility
Theory, Rationality, Over-Confidence, Over and Under-reaction, Loss Aversion,
Framing Effect, Disjunction Effect, such as Limits of Arbitrage Theory.
We touched to different trading strategies and tried to figure out these
strategies with contribution of behavioral finance.we concluded that Momentum
Strategy and Contrarian Strategies are more preferred by investors and academics.
Keywords
Details
Primary Language
Turkish
Subjects
-
Journal Section
-
Publication Date
June 1, 2013
Submission Date
June 1, 2013
Acceptance Date
-
Published in Issue
Year 1970 Volume: 15 Number: 2
APA
Tufan, C., & Sarıçiçek, R. (2013). DAVRANIŞSAL FİNANS MODELLERİ, ETKİN PİYASA HİPOTEZİ VE ANOMALİLERİNE İLİŞKİN BİR DEĞERLENDİRME. Trakya Üniversitesi Sosyal Bilimler Dergisi, 15(2), 159-182. https://izlik.org/JA26AH38WP
AMA
1.Tufan C, Sarıçiçek R. DAVRANIŞSAL FİNANS MODELLERİ, ETKİN PİYASA HİPOTEZİ VE ANOMALİLERİNE İLİŞKİN BİR DEĞERLENDİRME. Trakya Üniversitesi Sosyal Bilimler Dergisi. 2013;15(2):159-182. https://izlik.org/JA26AH38WP
Chicago
Tufan, Cenk, and Reyhan Sarıçiçek. 2013. “DAVRANIŞSAL FİNANS MODELLERİ, ETKİN PİYASA HİPOTEZİ VE ANOMALİLERİNE İLİŞKİN BİR DEĞERLENDİRME”. Trakya Üniversitesi Sosyal Bilimler Dergisi 15 (2): 159-82. https://izlik.org/JA26AH38WP.
EndNote
Tufan C, Sarıçiçek R (June 1, 2013) DAVRANIŞSAL FİNANS MODELLERİ, ETKİN PİYASA HİPOTEZİ VE ANOMALİLERİNE İLİŞKİN BİR DEĞERLENDİRME. Trakya Üniversitesi Sosyal Bilimler Dergisi 15 2 159–182.
IEEE
[1]C. Tufan and R. Sarıçiçek, “DAVRANIŞSAL FİNANS MODELLERİ, ETKİN PİYASA HİPOTEZİ VE ANOMALİLERİNE İLİŞKİN BİR DEĞERLENDİRME”, Trakya Üniversitesi Sosyal Bilimler Dergisi, vol. 15, no. 2, pp. 159–182, June 2013, [Online]. Available: https://izlik.org/JA26AH38WP
ISNAD
Tufan, Cenk - Sarıçiçek, Reyhan. “DAVRANIŞSAL FİNANS MODELLERİ, ETKİN PİYASA HİPOTEZİ VE ANOMALİLERİNE İLİŞKİN BİR DEĞERLENDİRME”. Trakya Üniversitesi Sosyal Bilimler Dergisi 15/2 (June 1, 2013): 159-182. https://izlik.org/JA26AH38WP.
JAMA
1.Tufan C, Sarıçiçek R. DAVRANIŞSAL FİNANS MODELLERİ, ETKİN PİYASA HİPOTEZİ VE ANOMALİLERİNE İLİŞKİN BİR DEĞERLENDİRME. Trakya Üniversitesi Sosyal Bilimler Dergisi. 2013;15:159–182.
MLA
Tufan, Cenk, and Reyhan Sarıçiçek. “DAVRANIŞSAL FİNANS MODELLERİ, ETKİN PİYASA HİPOTEZİ VE ANOMALİLERİNE İLİŞKİN BİR DEĞERLENDİRME”. Trakya Üniversitesi Sosyal Bilimler Dergisi, vol. 15, no. 2, June 2013, pp. 159-82, https://izlik.org/JA26AH38WP.
Vancouver
1.Cenk Tufan, Reyhan Sarıçiçek. DAVRANIŞSAL FİNANS MODELLERİ, ETKİN PİYASA HİPOTEZİ VE ANOMALİLERİNE İLİŞKİN BİR DEĞERLENDİRME. Trakya Üniversitesi Sosyal Bilimler Dergisi [Internet]. 2013 Jun. 1;15(2):159-82. Available from: https://izlik.org/JA26AH38WP