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Behavioral finance explores the limitations of the efficient market hypothesis and challenges the notion of rational decision-making by highlighting psychological biases. As the field has matured, its initial goals have been met, raising questions about its future relevance. Researchers now face a critical juncture, needing to determine the direction that will allow behavioral finance to continue evolving and significantly enhance financial understanding.
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BEHAVIORAL FINANCE, Itzhak Venezia
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- 2019
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