Behavioural finance
0149-en RE430 Financial Market Law As of 11.07.2026
Financial experts also take psychological effects into consideration when analysing the financial markets. For example, it is a fact that investors do not like to part with securities if it means that they will suffer a loss. This causes a bias in investor behaviour and divergence from the theory that investors react rationally and are in possession of all market information at all times.
Deutsch
Behavioral Finance 0149-de
Bei der Analyse der Finanzmärkte beziehen die Finanzwissenschaften auch psychologische Effekte ein. So ist es etwa ein Faktum, dass sich Anleger nur ungern von Verlustpapieren trennen. Dies führt zu Verzerrungen im Anlageverhalten und zu Abweichungen von der Theorie, Anleger würden rational reagieren und verfügten in jedem Moment über alle Marktinformationen.
Suggested citation
Behavioural finance (0149-en), in: LAWPEDIA®-Glossar, provided by LAWCONSULT AG, www.lawconsult.ch/lawpedia/en/behavioural-finance, as of: 11.07.2026 [accessed on …].
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