This book offers a definitive and wide-ranging overview of developments in behavioral finance over the past ten years. In 1993, the first volume provided the standard reference to this new approach in finance--an approach that, as editor Richard Thaler put it, "entertains the possibility that some of the agents in the economy behave less than fully rationally some of the time." Much has changed since then. Not least, the bursting of the Internet bubble and the subsequent market decline further demonstrated (...) that financial markets often fail to behave as they would if trading were truly dominated by the fully rational investors who populate financial theories. Behavioral finance has made an indelible mark on areas from asset pricing to individual investor behavior to corporate finance, and continues to see exciting empirical and theoretical advances. Advances in Behavioral Finance, Volume II constitutes the essential new resource in the field. It presents twenty recent papers by leading specialists that illustrate the abiding power of behavioral finance--of how specific departures from fully rational decision making by individual market agents can provide explanations of otherwise puzzling market phenomena. As with the first volume, it reaches beyond the world of finance to suggest, powerfully, the importance of pursuing behavioral approaches to other areas of economic life. The contributors are Brad M. Barber, Nicholas Barberis, Shlomo Benartzi, John Y. Campbell, Emil M. Dabora, Daniel Kent, François Degeorge, Kenneth A. Froot, J. B. Heaton, David Hirshleifer, Harrison Hong, Ming Huang, Narasimhan Jegadeesh, Josef Lakonishok, Owen A. Lamont, Roni Michaely, Terrance Odean, Jayendu Patel, Tano Santos, Andrei Shleifer, Robert J. Shiller, Jeremy C. Stein, Avanidhar Subrahmanyam, Richard H. Thaler, Sheridan Titman, Robert W. Vishny, Kent L. Womack, and Richard Zeckhauser. (shrink)

Michael Walzer zahlt zu den bedeutendsten politischen Theoretikern der Gegenwart. Gleichwohl weist die weltweite Aufmerksamkeit einen `blinden` Fleck auf, wenn es darum geht, Walzers kommunitaristische Gerechtigkeitsphilosophie vor dem Hintergrund der judischen politischen Theorie zu situieren. Diese Lucke will der Sammelband schliessen, indem erstmals im deutschsprachigen Raum die vielschichtigen Interdependenzen zwischen Religion und Politik in Walzers Werk unter dem Stichwort der Politischen Theologie systematisch interpretiert werden. Mit Beitragen von:Edmund Arens, Thomas Bedorf, Micha Brumlik, Martin Hartmann, Michael Haus, Otto Kallscheuer, Joachim (...) J. Krause, Skadi Krause, Michael Kuhnlein, Jurgen Manemann, John Milbank, Peter Nitschke, Henning Ottmann, Rolf Schieder, Christoph Seibert, Michael Walzer, Jean-Pierre Wils und einer Replik von Michael Walzer. (shrink)