{"title":"The potential contributions of behavioral finance to Post Keynesian and institutionalist finance theories","authors":"Matthew V. Fung","doi":"10.2753/PKE0160-3477330402","DOIUrl":null,"url":null,"abstract":"In their paper \"Behavioral Finance and Post Keynesian-Institutionalist Theories of Financial Markets,\" Raines and Leathers discuss how the theories of Keynes, Davidson, and Galbraith could explain financial bubbles and crises and show how those theories are both confirmed by actual events and supported by some findings in behavioral finance. The current paper comments on their discussion and explores the potential contributions of behavioral finance to future developments of Post Keynesian and Institutionalist theories in other fields in finance, especially portfolio theory and asset pricing theory.","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":"33 1","pages":"555 - 574"},"PeriodicalIF":1.0000,"publicationDate":"2011-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2753/PKE0160-3477330402","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Post Keynesian Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.2753/PKE0160-3477330402","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 5
Abstract
In their paper "Behavioral Finance and Post Keynesian-Institutionalist Theories of Financial Markets," Raines and Leathers discuss how the theories of Keynes, Davidson, and Galbraith could explain financial bubbles and crises and show how those theories are both confirmed by actual events and supported by some findings in behavioral finance. The current paper comments on their discussion and explores the potential contributions of behavioral finance to future developments of Post Keynesian and Institutionalist theories in other fields in finance, especially portfolio theory and asset pricing theory.
期刊介绍：
The Journal of Post Keynesian Economics is a scholarly journal of innovative theoretical and empirical work that sheds fresh light on contemporary economic problems. It is committed to the principle that cumulative development of economic theory is only possible when the theory is continuously subjected to scrutiny in terms of its ability both to explain the real world and to provide a reliable guide to public policy.
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