A behavioral finance approach to Hedge Funds. A review and empirical tests of biases and errors

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dc.contributor.advisor Jasieński, Michał
dc.contributor.author Maslak Jacek
dc.date.accessioned 2017-07-04T14:42:32Z
dc.date.available 2017-07-04T14:42:32Z
dc.date.issued 2007 pl
dc.identifier.uri http://hdl.handle.net/11199/10087
dc.description.abstract The author describes the characteristics of hedge funds as an alternative investment vehicle including their history, legal structure, regulation and various investment strategies. Behavioral finance is a cognitive psychological approach to financial decisions. The author introduces the three themes of behavioral finance including heuristics, framing and inefficient markets following by an explanation of how they might effect financial practitioners. In a discussion he proposes that hedge fund managers, due to the specific characteristics of hedge fund operations, are more prone to suffering from cognitive biases undetected and that the committed errors may have far greater consequences than in other fields of investments. To back up his arguments the author gives the example of the fall of LTCM and shows how some of their bad decisions were based on biases that are explained by behavioral finance. pl
dc.language.iso en pl
dc.rights licencja niewyłączna pl
dc.subject hedge funds pl
dc.subject behavioral finance pl
dc.subject Long Term Capital Management (LTCM) pl
dc.subject strategy pl
dc.title A behavioral finance approach to Hedge Funds. A review and empirical tests of biases and errors pl
dc.title.alternative Fundusze “hedge funds” z perspektywy finansów behawioralnych. Przegląd zagadnień i badania empiryczne błędów decyzyjnych pl
dc.type bachelorThesis pl

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