Itzhak Venezia & Rachel Calipha 
BEHAVIORAL FINANCE: BEYOND THE BASICS [EPUB ebook] 
Beyond the Basics

This is the fourth volume of edited books constituting an eclectic collection of papers in behavioral finance based on contributions by participants of Israel Behavior Finance conferences. Like its predecessors, this book continues to be edited by Professor Itzhak Venezia (this book with Dr Rachel Calipha), who carefully selected the papers to be included in this volume.

Behavioral finance has evolved significantly since its inception, and chapters in this collection reflect the diverse and dynamic nature of this field. They not only build upon the foundational concepts established in the earlier volumes but also explore novel financial products, themes, and ideas that have gained rapid prominence in recent years: From the integration of artificial intelligence into investment decision-making processes, to the analysis of the alternative meats industry, and various other alternative investment instruments such as NFTs (Non-Fungible Tokens). This collection, therefore, pushes the boundaries of what is conventionally associated with behavioral finance.

Contents:

• Anomalies:
  
  
  
  • Changes in Short Positions and Earnings Surprises (Joshua Livnat, Dan Segal, and Kate Suslava)
  
  
  • Behavioral Explanations for the Preferences of Dividends Over Stock Repurchases (Jacob Oded and Itzhak Venezia)
  
  
  • Energy Futures as an Inflation Hedge in a Time-Varying Coefficient Framework (Chunbo Liu, Cheng Zhang, and Zhiping Zhou)
  
  
  • Cross-Sectional Anomalies: Statistical Phenomena or Free-Lunch Opportunities (Guy Kaplanski)
  
  


• Professional Investors and Analysts Behavior:
  
  
  
  • Investor Sophistication and the Effect of Behavioral Biases in Structured Products Investment (Moran Ofir and Zvi Wiener)
  
  
  • Analysts’ Unfavorable Recommendation Initiations (Joshua Livnat, Kate Suslava, Yakun Wang, Li Zhang, and Chen Zhao)
  
  


• Individuals’ Behavior:
  
  
  
  • Annuity or Lump Sum: Getting Retiring Smokers to Make Better Savings Distribution Decisions (Abigail Hurwitz, Yaniv Hanoch, Andrew Barnes, and Orly Sade)
  
  
  • The Effect of Income Inequality on Individuals’ Loan Decision (Shirit Katav Herz and Binyamin Berdugo)
  
  
  • Individual Differences and the Repayment of High- and Low-Consequences Debt: Replication and Extension (Yoav Ganzach and Asya Pazy)
  
  
  • It’s Not about the Money …: Behavioral Aspects of Tipping (Hana Medler-Liraz)
  
  


• Innovative Technology Driven Markets:
  
  
  
  • Non-Fruitful Token? Market Reactions to NFT-Related Disclosures (Smadar Siev)
  
  
  • The Alternative Meat Industry: Fad or Disruption? (Shlomith D Zuta)
  
  
  • Understanding and Mitigating Biases in AI Systems: Insights and Recommendations (Ruti Gafni, Boris Kantsepolsky, and Sofia Sherman)
  
  

Readership: Professors, researchers, graduates, undergraduate students of economics, business management and finance.

Key Features:

• Behavioral Finance: Beyond The Basics covers many innovative topics and presenting original findings on a wide range of subjects, all in one venue, make the book ideal as a reference book for researchers interested in keeping up with the important developments in behavioral finance


• This book is distinct in its malleable educational usability. On the one hand, it provides a text for finance academics and professionals to refer to in adapting traditional techniques to industries and organizations that were hitherto under-represented in the behavioral finance literature. On the other, it could also be used as an educational guide for entrepreneurially inclined academic and industry professionals