Are normative models in Finance realistic?

  1. Peón, David
  2. Antelo, Manel
Revista:
Cuadernos de economía: Spanish Journal of Economics and Finance

ISSN: 2340-6704 0210-0266

Año de publicación: 2012

Volumen: 35

Número: 98

Páginas: 89-99

Tipo: Artículo

DOI: 10.1016/S0210-0266(12)70026-2 DIALNET GOOGLE SCHOLAR lock_openBiblos-e Archivo editor

Otras publicaciones en: Cuadernos de economía: Spanish Journal of Economics and Finance

Objetivos de desarrollo sostenible

Resumen

En este artículo abordamos cómo los agentes que adquieren productos financieros toman sus decisiones de inversión. El objetivo es averiguar si las pautas de actuación emanadas de las modernas teorías de Finanzas se reproducen o no en la práctica. Para ello ofrecemos una panorámica de las principales teorías financieras de tipo normativo y descriptivo, así como evidencia empírica del comportamiento de los inversores. La conclusión es que el comportamiento de los inversores suele discrepar a menudo de las indicaciones ofrecidas por las teorías financieras de carácter normativo.

Información de financiación

financial aid from Galician Autonomous Government (Xunta de Galicia) through Grant INCITE09201042PR. The usual disclaimer applies.

Financiadores

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