東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

FindBook

Google Book

Amazon

博客來

Financial Advisor Decisions and Behavioral Biases.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Financial Advisor Decisions and Behavioral Biases./
作者:	Garduno, Jeremy C.
面頁冊數:	1 online resource (277 pages)
附註:	Source: Dissertations Abstracts International, Volume: 84-05, Section: B.
Contained By:	Dissertations Abstracts International84-05B.
標題:	Behavioral sciences. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29392150click for full text (PQDT)
ISBN:	9798351442068

Financial Advisor Decisions and Behavioral Biases.
Garduno, Jeremy C.

Financial Advisor Decisions and Behavioral Biases. - 1 online resource (277 pages)

Source: Dissertations Abstracts International, Volume: 84-05, Section: B.

Thesis (D.B.A.)--California Baptist University, 2022.

Includes bibliographical references

Various studies have examined investor behavioral biases and the perceived value financial advisors provide to their clients. However, the academic literature examining behavioral biases among financial experts is scarce. This qualitative study focused on understanding what behavioral biases affect the portfolio manager and financial advisor decision process. The results of this study indicated that advisors are not immune to many of the same behavioral biases found in individual investors. The dominant biases found in this study supported past empirical findings on expert biases. Participants' responses from this research indicated that advisors' conformity and experiences led to advisor herding and overconfident behaviors. Data-driven results showed that advisor conformity could manifest into a moderate-risk bias. Moderate-risk bias is the advisor's tendency to classify investment allocation and client risk tolerance to a moderate-risk level. Another key finding was that advisor behavioral bias awareness aided the advisor's financial decision making process. The more advisors were aware of biases the more they could clearly articulate that bias to clients. Advisors' responses during interviews indicated that if they could effectively communicate and discuss that behavior with clients, they could adopt practical strategies to suppress behavioral biases and avoid predictable cognitive errors. Early adoption of bias suppression could have practical implications in understanding and explaining advisor value to clients.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2023

Mode of access: World Wide Web

ISBN: 9798351442068Subjects--Topical Terms:

529833
Behavioral sciences.
Subjects--Index Terms:

Behavioral BiasesIndex Terms--Genre/Form:

542853
Electronic books.

Financial Advisor Decisions and Behavioral Biases.
LDR:02906nmm a2200409K 4500 001 2358339
005 20230731112622.5
006 m o d
007 cr mn ---uuuuu
008 241011s2022 xx obm 000 0 eng d
020 $a 9798351442068
035 $a (MiAaPQ)AAI29392150
035 $a AAI29392150
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Garduno, Jeremy C. $3 3698875
245 1 0 $a Financial Advisor Decisions and Behavioral Biases.
264 0 $c 2022
300 $a 1 online resource (277 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 84-05, Section: B.
500 $a Advisor: Petersen, Henry L.
502 $a Thesis (D.B.A.)--California Baptist University, 2022.
504 $a Includes bibliographical references
520 $a Various studies have examined investor behavioral biases and the perceived value financial advisors provide to their clients. However, the academic literature examining behavioral biases among financial experts is scarce. This qualitative study focused on understanding what behavioral biases affect the portfolio manager and financial advisor decision process. The results of this study indicated that advisors are not immune to many of the same behavioral biases found in individual investors. The dominant biases found in this study supported past empirical findings on expert biases. Participants' responses from this research indicated that advisors' conformity and experiences led to advisor herding and overconfident behaviors. Data-driven results showed that advisor conformity could manifest into a moderate-risk bias. Moderate-risk bias is the advisor's tendency to classify investment allocation and client risk tolerance to a moderate-risk level. Another key finding was that advisor behavioral bias awareness aided the advisor's financial decision making process. The more advisors were aware of biases the more they could clearly articulate that bias to clients. Advisors' responses during interviews indicated that if they could effectively communicate and discuss that behavior with clients, they could adopt practical strategies to suppress behavioral biases and avoid predictable cognitive errors. Early adoption of bias suppression could have practical implications in understanding and explaining advisor value to clients.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2023
538 $a Mode of access: World Wide Web
650 4 $a Behavioral sciences. $3 529833
653 $a Behavioral Biases
653 $a CFA
653 $a CFP
653 $a Financial advisor
653 $a Heuristics
653 $a Investment advisor
655 7 $a Electronic books. $2 lcsh $3 542853
690 $a 0602
690 $a 0770
690 $a 0310
710 2 $a ProQuest Information and Learning Co. $3 783688
710 2 $a California Baptist University. $b School of Business. $3 3698876
773 0 $t Dissertations Abstracts International $g 84-05B.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29392150 $z click for full text (PQDT)