Tools for Financial Innovation: Neoclassical Versus Behavioral Finance

R.SINDHUJA

Tools for Financial Innovation: Neoclassical Versus Behavioral Finance

April 2016

Volume-1, Issue-3, 2016

Paper ID: C-1242

ISSN: 2395-4396

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Abstract & Details

Research Area

Finance

Conference

International Conference on Research avenues in Social Science

Keywords

expected utility hyperbolic discounting institutional innovation invention psychological economics institutional economics social security personal accounts ownership society

Abstract

The behavioral finance revolution in academic finance in the last several decades is best described as a return to a more eclectic approach to financial modeling. The earlier neoclassical finance revolution that had swept the finance profession in the 1960s and 1970s represented the overly-enthusiastic pursuit of only one model. Freed from the tyranny of just one model, financial research is now making faster progress, and that progress can be expected to show material benefits. An example of the application of both behavioral finance and neoclassical finance is discussed: the reform of Social Security and the introduction of personal accounts.

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Author Information

#	Name	Institute / Affiliation
1	R.SINDHUJA	VLB Janakiammal College Of Arts And Science, Autonomous, Kovaipudur, Coimbatore.

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APA Style

R.SINDHUJA (2016). Tools for Financial Innovation: Neoclassical Versus Behavioral Finance. International Journal of Advance Research and Innovative Ideas In Education, 1(3), 350-355.

MLA Style

R.SINDHUJA. "Tools for Financial Innovation: Neoclassical Versus Behavioral Finance." International Journal of Advance Research and Innovative Ideas In Education, vol. 1, no. 3, 2016, pp. 350-355.

IEEE Style

R.SINDHUJA, "Tools for Financial Innovation: Neoclassical Versus Behavioral Finance," International Journal of Advance Research and Innovative Ideas In Education, vol. 1, no. 3, pp. 350-355, 2016.

Vancouver Style

R.SINDHUJA. Tools for Financial Innovation: Neoclassical Versus Behavioral Finance. International Journal of Advance Research and Innovative Ideas In Education. 2016;1(3):350-355.

Harvard Style

R.SINDHUJA (2016) 'Tools for Financial Innovation: Neoclassical Versus Behavioral Finance', International Journal of Advance Research and Innovative Ideas In Education, 1(3), pp. 350-355.

Chicago Style

R.SINDHUJA. "Tools for Financial Innovation: Neoclassical Versus Behavioral Finance." International Journal of Advance Research and Innovative Ideas In Education 1, no. 3 (2016): 350-355.

Turabian Style

R.SINDHUJA. "Tools for Financial Innovation: Neoclassical Versus Behavioral Finance." International Journal of Advance Research and Innovative Ideas In Education 1, no. 3 (2016): 350-355.