9. Psychological Influences on Financial Regulation and Policy

  1. H. Kent Baker and
  2. John R. Nofsinger
  1. David Hirshleifer1 and
  2. Siew Hong Teoh2

Published Online: 29 NOV 2011

DOI: 10.1002/9781118258415.ch9

Behavioral Finance: Investors, Corporations, and Markets

Behavioral Finance: Investors, Corporations, and Markets

How to Cite

Hirshleifer, D. and Hong Teoh, S. (2010) Psychological Influences on Financial Regulation and Policy, in Behavioral Finance: Investors, Corporations, and Markets (eds H. K. Baker and J. R. Nofsinger), John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118258415.ch9

Author Information

  1. 1

    Merage Chair of Business Growth and Professor of Finance, University of California, Irvine

  2. 2

    Dean's Professor of Accounting, University of California, Irvine

Publication History

  1. Published Online: 29 NOV 2011
  2. Published Print: 20 SEP 2010

ISBN Information

Print ISBN: 9780470499115

Online ISBN: 9781118258415

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Keywords:

  • financial regulation and policy;
  • general shareholders;
  • psychological influences;
  • rational regulators;
  • behavioral accounting

Summary

This chapter contains sections titled:

  • Introduction

  • Limited Attention

  • Omission Bias

  • In-Group Bias

  • Fairness and Reciprocity Norms

  • Overconfidence

  • Attention Cascades and Mood Contagion

  • Cultural Evolution of Ideology

  • A Comparison with the Rational Pressure Group Approach

  • Summary and Conclusions

  • Discussion Questions

  • About the Authors