Finance and the Behavioral Prospect: Risk, Exuberance, and Abnormal Markets

Chapter 1 - The Structure of a Behavioral Revolution

 1.1 - Abnormal markets, irrational investors

 1.2 - Anomalies, fast and slow

 1.3 - Sell in May and go away?

1.4 - Law on the market

1.5 - Raw emotion

1.6 - Trade like a girl

Chapter 2 - Mental Accounting, Emotional Hierarchies, and Behavioral Heuristics

 2.1 - Keeping emotional score

 2.2 - Maslowian portfolio theory

 2.3 - "Shots at greatness": Rehabilitating self-actualization in neo-Maslowian thought as a trading strategy

 2.4 - Behavioral environmental economics

 2.5 - Fables of the reconstruction

Chapter 3 - Higher-Moment Capital Asset Pricing and Its Behavioral Implications

 3.1 - The conventional capital asset pricing model

 3.2 - Four-moment CAPM as a Taylor series expansion

 3.3 - A bridge between econometric and behavioral views of low volatility

Chapter 4 - Tracking the Low-Volatility Anomaly Across Behavioral Space

 4.1 - The low-volatility anomaly and Bowman's paradox

 4.2 - Beta as a composite measure of volatility and correlation

 4.3 - Downside volatility and correlation tightening in emerging markets

 4.4 - Pricing and predicting correlation risk

 4.5 - Evidence against a correlation risk premium

Chapter 5 - The Intertemporal Capital Asset Pricing Model: Hedging Investment Risk Across Time

 5.1 - The intertemporal capital asset pricing model

 5.2 - Bad beta, good beta

 5.3 - Addressing the low-volatility anomaly through spatial and temporal bifurcations of beta

Chapter 6 - Risk Aversion

 6.1 - The Arrow-Pratt measures of risk aversion; the coefficient of absolute risk aversion

 6.3 - Pratt's risk-averse insurance premium

 6.4 - Hyperbolic absolute risk aversion

 6.5 - A comparison with scale-invariant models of financial returns

 6.6 - Risk aversion, risk tolerance, and their relationship to the Sharpe and kappa ratios

 6.8 - The St. Petersburg paradox

7.1 - The equity risk premium

 7.2 - A cautious stroll off Wall Street

 7.4 - Another puzzle, and a challenge

 7.5 - Habit formation and the life-cycle hypothesis

 7.6 - Catching up with the Joneses

 7.7 - Macroeconomic disaster and personal peril

 7.8 - Familiarity breeds irrationality

 7.9 - Gaudeamus igitur: The familiar but curious economics of university endowments