According to statistical evidence presented in academic studies, patterns of investor behavior are often counterproductive. Drawing on a comprehensive review of academic journal articles, reporting research in the relatively new field of behavioral finance, this paper examines patterns of investor behavior, as well as reasons that individuals are reluctant to invest in the first place. The "Annotated Bibliography on the Behavioral Characteristics of U.S. Investors," also prepared by the Federal Research Division, summarizes the research cited in this paper.
ThriftBooks sells millions of used books at the lowest everyday prices. We personally assess every book's quality and offer rare, out-of-print treasures. We deliver the joy of reading in recyclable packaging with free standard shipping on US orders over $15. ThriftBooks.com. Read more. Spend less.