Araştırma Makalesi
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Conceptual Framework of Emotional Finance: A New Approach to the Understanding Financial Crisis and Balloons

Yıl 2019, Cilt: 11 Sayı: 3, 11 - 16, 30.09.2019

Öz

Kaynakça

  • AKERLOF, G., SHILLER, R., (2009), Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, Oxfordshire, Princeton University Press
  • AREN, S., AYDEMIR, S.D., ŞEHITOĞLU, Y. (2016), Behavioral Biases on Institutional Investors: A Literature Review, Kybernetes, 45(10), 1668–1684
  • BAILEY J.J., NOFSINGER J.R., O'NEILL M., (2003), A Review of Major Influences on Employee Retirement Investment Decisions, Journal of Financial Services Research 23(2), 149–165
  • BARSALOU, L. W. (2008), Grounded Cognition, Annual Review of Psychology 59, 617–645
  • BECKERT, J., (2011), Imagined Futures: Fictionality in Economic Action. MPIfG Discus-sion Paper 11/8 http://www.mpifg.de/pu/mpifg_dp/dp11-8.pdf Erişim tarihi 21.07.2017
  • BLANCHETTE, I., RICHARDS A. (2010), The Influence of Affect on Higher Level Cognition: A Review of Research on Interpretation, Judgement, Decision Making and Reasoning, Cognition and Emotion 24(4), 561–595.
  • CHONG, K., TUCKETT, D., (2014), Constructing Conviction through Action and Narrative: How Money Managers Manage Uncertainty and the Consequences for Financial Market Functioning, Socio-Economic Review, 13(2), 309–330
  • CORCORAN C.M. (2013), Systemic Liquidity Risk and Bipolar Markets: Wealth Management in Today's Macro Risk On / Risk Off Financial Environment, Croydon Wiley
  • CZARNIAWSKA, B., 2012. New plots are badly needed in finance: accounting for the financial crisis of 2007–2010. Account. Audit. Account. J. 25 (5),, 756–775
  • DULEBORN, J. H., MURRAY, B., SUN, M. (2000), Selection Among Employer-Sponsored Pension Plans: The Role Of Individual Differences, Personnel Psychology 53(22), 405–432
  • ESHRAGHI A.& TAFFLER R. (2015), Heroes and victims: fund manager sensemaking, self-legitimation and storytelling, Accounting and Business Research, 45:6-7, 691-714,
  • ESHRAGHI A., TAFFLER R. (2012), Hedge funds and unconscious fantasy, Accounting, Accounting, Auditing & Accountability Journal, 25 (8), 1244-1265
  • GABRIEL Y. (2015), Narratives and Stories in Organizational Life A.DE FINA, A. GEORGAKOPOULOU The Handbook of Narrative Analysis, West Sussex, John Wiley & Sons, Inc., Chapter 14, 273 – 292
  • GALLESE, V., LAKOFF G., (2005), The Brain’s Concepts: The Role of the Sensory-Motor System in Reason and Language, Cognitive Neuropsychology 22, 455–79http://www.fmaconferences.org/Venice/Papers/Emotional_Finance_Theory_and_Application.pdf Erişim tarihi 21.07.2017
  • KAHNEMAN, D., LOVALLO, D., (1993), Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking, Management Science, 39 (1), 17–31,
  • LOEWENSTEIN G.F., WEBER E.U., HSEE C.K. WELCH N. (2001), Risk a feelings, Psychol Bullettin 127(2), 267-286
  • OOSTERWIJK, S., LINDQUIST, A.K., ANDERSON E., DAUTOFF, R., MORIGUCHI, Y., BARRETTA L.F., (2012), States of mind: Emotions, body feelings, and thoughts share distributed neural networks, Neuroimage, 62(3), 2110–2128.
  • RAINES J.P., LEATHER C.G.S (2011), Behavioral finance and Post Keynesian-institutionalist theories of financial markets, Journal of Post Keynesian Economics, 33(4), 539–553
  • RAMIAH V., XU X., MOOSA I. A. (2015), Neoclassical Finance, Behavioral Finance and Noise Traders: A Review and Assessment of The Literature, International Review of Financial Analysis 41, 89–100
  • SHILLER, R.J., (2005), Irrational exuberance, 2ed. Princeton, NJ, Princeton University Press.
  • SHOUSE E. (2005), Feeling, Emotion, Affect, Journal of Media and Culture 8(6), http://journal.media-culture.org.au/0512/03-shouse.php, Erişim tarihi 21.09.2017
  • SLOVIC P., FINUCANE M.L., PETERS E., MACGREGOR D.G., (2004), Risk as analysis and risk as feelings: some thoughts about affect, reason, risk, and rationality, Risk Analysis, 24 (2), 311–322.
  • TAFFLER R. (2014), Emotional Finance: Theory and Application, WBS working paper 14 October 2014,
  • TAFFLER R.J., TUCKETT D. A. (2010), Emotional Finance: The Role of the Unconscious in Financial Decisions, H.K. BAKER and J.R. NOFSINGER, Behavioral Finance: Investors, Corporations, and Markets, New Jersey, John Wiley & Sons, Inc. 95–112
  • THALER, R. H., SUNSTEIN C. R.. 2008. Nudge. New Haven, CT: Yale University Press.
  • TUCKETT D., (2009), Addressing the Psychology of Financial Markets, Economics: The Open-Access, Open-Assessment E-Journal, 3 (2009-40), 1–22
  • TUCKETT D., MANDEL, A., MANGALAGIU, D., ABRAMSON, A., HINKEL, J., KATSIKOPOULOS, K., KIRMAN, A., MALLERET T.,, MOZETIC, I., ORMEROD, P.,
  • SMITH, R.E., VENTURINI T., WILKINSON, A., (2015), Uncertainty, Decision Science, and Policy Making: A Manifesto for a Research Agenda, Critical Review, 27(2), 213–242
  • TUCKETT D., SMITh R. E., NYMANA,R., (2014), Tracking phantastic objects: A computer algorithmic investigation of narrative evolution in unstructured data sources, Social Networks 38, 121–133
  • TUCKETT D., TAFFLER R., (2008), Phantastic objects and the financial market’s sense of reality: A psychoanalytic contribution to the understanding of stock market instability, International Journal of Psychoanalysis, 89(2), 389–412
  • TUCKETT, D. (2011), Minding the Markets: An Emotional Finance View of Financial Instability, London, Palgrave Macmillan.
  • TUCKETT, D., 2011. Minding the Markets: An Emotional Finance View of Financial Instability. Palgrave MacMillan, London and New York.
  • ZAJONC R.B. (1980). Feeling and thinking: Preferences need no inferences, American Psychologist 35(2), 151–175

Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım

Yıl 2019, Cilt: 11 Sayı: 3, 11 - 16, 30.09.2019

Öz

Bu çalışmada
finans teorisinde oldukça yakın bir geçmişe sahip duygusal finansın kavramsal
çerçevesi sunulmuştur. Bu özelliği ile ülkemiz akademik yazını için ilk olma
özelliğine sahiptir. Duygusal finans piyasalardaki belirsizliğe vurgu yaparak
ve duyguları odağına alarak neoklasik finanstan ayrılır. Bilinçdışı süreçlerin,
phantazilerin ve anlatıların finansal kararlardaki rolüne vurgu yaparak da
davranışsal finanstan farklı bir bakış açısına sahiptir. Özellikle finansal
kriz ve balonların nasıl anlaşılabileceği ve neden tekrarlandığına ilişkin
açıklamaları ile yeni ve kayda değer bir finans yaklaşımı olarak
değerlendirilmektedir. Bu çalışmada duygusal finansın temel kavramları olan
zihnin durumları, bilinçdışı süreçler ve phantaziler açıklanmıştır. Ayrıca bu
kavramlardan hareketle finansal kriz ve balon dönemlerindeki piyasanın ruh hali
değerlendirilmiştir.  

Kaynakça

  • AKERLOF, G., SHILLER, R., (2009), Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, Oxfordshire, Princeton University Press
  • AREN, S., AYDEMIR, S.D., ŞEHITOĞLU, Y. (2016), Behavioral Biases on Institutional Investors: A Literature Review, Kybernetes, 45(10), 1668–1684
  • BAILEY J.J., NOFSINGER J.R., O'NEILL M., (2003), A Review of Major Influences on Employee Retirement Investment Decisions, Journal of Financial Services Research 23(2), 149–165
  • BARSALOU, L. W. (2008), Grounded Cognition, Annual Review of Psychology 59, 617–645
  • BECKERT, J., (2011), Imagined Futures: Fictionality in Economic Action. MPIfG Discus-sion Paper 11/8 http://www.mpifg.de/pu/mpifg_dp/dp11-8.pdf Erişim tarihi 21.07.2017
  • BLANCHETTE, I., RICHARDS A. (2010), The Influence of Affect on Higher Level Cognition: A Review of Research on Interpretation, Judgement, Decision Making and Reasoning, Cognition and Emotion 24(4), 561–595.
  • CHONG, K., TUCKETT, D., (2014), Constructing Conviction through Action and Narrative: How Money Managers Manage Uncertainty and the Consequences for Financial Market Functioning, Socio-Economic Review, 13(2), 309–330
  • CORCORAN C.M. (2013), Systemic Liquidity Risk and Bipolar Markets: Wealth Management in Today's Macro Risk On / Risk Off Financial Environment, Croydon Wiley
  • CZARNIAWSKA, B., 2012. New plots are badly needed in finance: accounting for the financial crisis of 2007–2010. Account. Audit. Account. J. 25 (5),, 756–775
  • DULEBORN, J. H., MURRAY, B., SUN, M. (2000), Selection Among Employer-Sponsored Pension Plans: The Role Of Individual Differences, Personnel Psychology 53(22), 405–432
  • ESHRAGHI A.& TAFFLER R. (2015), Heroes and victims: fund manager sensemaking, self-legitimation and storytelling, Accounting and Business Research, 45:6-7, 691-714,
  • ESHRAGHI A., TAFFLER R. (2012), Hedge funds and unconscious fantasy, Accounting, Accounting, Auditing & Accountability Journal, 25 (8), 1244-1265
  • GABRIEL Y. (2015), Narratives and Stories in Organizational Life A.DE FINA, A. GEORGAKOPOULOU The Handbook of Narrative Analysis, West Sussex, John Wiley & Sons, Inc., Chapter 14, 273 – 292
  • GALLESE, V., LAKOFF G., (2005), The Brain’s Concepts: The Role of the Sensory-Motor System in Reason and Language, Cognitive Neuropsychology 22, 455–79http://www.fmaconferences.org/Venice/Papers/Emotional_Finance_Theory_and_Application.pdf Erişim tarihi 21.07.2017
  • KAHNEMAN, D., LOVALLO, D., (1993), Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking, Management Science, 39 (1), 17–31,
  • LOEWENSTEIN G.F., WEBER E.U., HSEE C.K. WELCH N. (2001), Risk a feelings, Psychol Bullettin 127(2), 267-286
  • OOSTERWIJK, S., LINDQUIST, A.K., ANDERSON E., DAUTOFF, R., MORIGUCHI, Y., BARRETTA L.F., (2012), States of mind: Emotions, body feelings, and thoughts share distributed neural networks, Neuroimage, 62(3), 2110–2128.
  • RAINES J.P., LEATHER C.G.S (2011), Behavioral finance and Post Keynesian-institutionalist theories of financial markets, Journal of Post Keynesian Economics, 33(4), 539–553
  • RAMIAH V., XU X., MOOSA I. A. (2015), Neoclassical Finance, Behavioral Finance and Noise Traders: A Review and Assessment of The Literature, International Review of Financial Analysis 41, 89–100
  • SHILLER, R.J., (2005), Irrational exuberance, 2ed. Princeton, NJ, Princeton University Press.
  • SHOUSE E. (2005), Feeling, Emotion, Affect, Journal of Media and Culture 8(6), http://journal.media-culture.org.au/0512/03-shouse.php, Erişim tarihi 21.09.2017
  • SLOVIC P., FINUCANE M.L., PETERS E., MACGREGOR D.G., (2004), Risk as analysis and risk as feelings: some thoughts about affect, reason, risk, and rationality, Risk Analysis, 24 (2), 311–322.
  • TAFFLER R. (2014), Emotional Finance: Theory and Application, WBS working paper 14 October 2014,
  • TAFFLER R.J., TUCKETT D. A. (2010), Emotional Finance: The Role of the Unconscious in Financial Decisions, H.K. BAKER and J.R. NOFSINGER, Behavioral Finance: Investors, Corporations, and Markets, New Jersey, John Wiley & Sons, Inc. 95–112
  • THALER, R. H., SUNSTEIN C. R.. 2008. Nudge. New Haven, CT: Yale University Press.
  • TUCKETT D., (2009), Addressing the Psychology of Financial Markets, Economics: The Open-Access, Open-Assessment E-Journal, 3 (2009-40), 1–22
  • TUCKETT D., MANDEL, A., MANGALAGIU, D., ABRAMSON, A., HINKEL, J., KATSIKOPOULOS, K., KIRMAN, A., MALLERET T.,, MOZETIC, I., ORMEROD, P.,
  • SMITH, R.E., VENTURINI T., WILKINSON, A., (2015), Uncertainty, Decision Science, and Policy Making: A Manifesto for a Research Agenda, Critical Review, 27(2), 213–242
  • TUCKETT D., SMITh R. E., NYMANA,R., (2014), Tracking phantastic objects: A computer algorithmic investigation of narrative evolution in unstructured data sources, Social Networks 38, 121–133
  • TUCKETT D., TAFFLER R., (2008), Phantastic objects and the financial market’s sense of reality: A psychoanalytic contribution to the understanding of stock market instability, International Journal of Psychoanalysis, 89(2), 389–412
  • TUCKETT, D. (2011), Minding the Markets: An Emotional Finance View of Financial Instability, London, Palgrave Macmillan.
  • TUCKETT, D., 2011. Minding the Markets: An Emotional Finance View of Financial Instability. Palgrave MacMillan, London and New York.
  • ZAJONC R.B. (1980). Feeling and thinking: Preferences need no inferences, American Psychologist 35(2), 151–175
Toplam 33 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular İşletme
Bölüm Araştırma Makalesi
Yazarlar

Selim Aren

Yayımlanma Tarihi 30 Eylül 2019
Yayımlandığı Sayı Yıl 2019Cilt: 11 Sayı: 3

Kaynak Göster

APA Aren, S. (2019). Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım. Aksaray Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 11(3), 11-16.
AMA Aren S. Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım. ASÜ İİBF Dergisi. Eylül 2019;11(3):11-16.
Chicago Aren, Selim. “Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım”. Aksaray Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 11, sy. 3 (Eylül 2019): 11-16.
EndNote Aren S (01 Eylül 2019) Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım. Aksaray Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 11 3 11–16.
IEEE S. Aren, “Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım”, ASÜ İİBF Dergisi, c. 11, sy. 3, ss. 11–16, 2019.
ISNAD Aren, Selim. “Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım”. Aksaray Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 11/3 (Eylül 2019), 11-16.
JAMA Aren S. Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım. ASÜ İİBF Dergisi. 2019;11:11–16.
MLA Aren, Selim. “Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım”. Aksaray Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, c. 11, sy. 3, 2019, ss. 11-16.
Vancouver Aren S. Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım. ASÜ İİBF Dergisi. 2019;11(3):11-6.