This is my reading list for taught Masters level behavioural finance, now in its second year.

 

Books

Ackert, L.F. and Deaves, R. (2009). Behavioural Finance: Psychology, Decision-Making, and Markets. Ohio, USA: Cengage Learning

Forbes, W. (2009). Behavioural Finance. Chichester, West Sussex, UK: John Wiley & Sons

Kindleberger, C.P. and Aliber, R.Z. (2011). Manias, Panics and Crashes: A History of Financial Crises. Basingstoke, Hampshire, UK: Palgrave MacMillan, 6th Edition

Thaler, R. (2015). Misbehaving: the making of behavioural economics. London: W.W. Norton and Company Ltd

 

 

Research Papers

Baker, M., Bradley, B., & Wurgler, J. (2001). Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly. Financial Analysts Journal, 67(1), 40–54. doi:10.2469/faj.v67.n1.4

Banz, R. W. (1981). The relationship between return and market value of common stocks. Journal of Financial Economics, 9(1), 3–18.

Bernard, V. (1992). Stock price reactions to earnings announcements: a summary of recent anomalous evidence and possible explanations (No. 703). (R. H. Thaler, Ed.). Michigan. Available from: http://hdl.handle.net/2027.42/35405

De Bondt, W. F., & Thaler, R. (1985). Does the stock market overreact? Journal of Finance, 40(3), 793–805.

Fama, E. (1991). Efficient Capital Markets: II. The Journal of Finance, 46(5), 1575–1617. Available from: http://www.jstor.org/stable/2328565

French, C. W. (2003). The Treynor Capital Asset  Pricing Model. Journal of Investment Management, 1(2), 60–72.

Froot, K., & Thaler, R. (1990). Anomalies: Foreign Exchange. Journal of Economic Perspectives, 4(3), 179–192. Available from: http://www.jstor.org/stable/1942936

Minsky, H. P. (1992). The Financial Instability Hypothesis (No.74). The Levy Economics Institute. Annandale-on-Hudson, New York: The Levy Economics Institute. Available from: http://www.levyinstitute.org/pubs/wp74.pdf

Mehrling, P. (2013). Essential hybridity: A money view of FX. Journal of Comparative Economics, 41(2), 355–363. doi:10.1016/j.jce.2013.03.007

Sewell, M. (2007). Introduction to Behavioural Finance. Available from http://www.behaviouralfinance.net/behavioural-finance.pdf

Sarno, L., Thornton, D. L., & Valente, G. (2007). The Empirical Failure of the Expectations Hypothesis of the Term Structure of Bond Yields. Journal of Financial and Quantitative Analysis, 42(1), 81–100.

Treynor, J. L. (1987). The economics of the dealer function. Financial Analysts Journal, November-D, 27–34.

 

Further Reading

http://www.behaviouralfinance.net/

Knight, F. H. (1921). Risk, uncertainty and profit. Boston: Houghton Mifflin Company.

Popper, K. (1951). The logic of scientific discovery. London: Hutchinson.

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