New forms or branches of finance have emerged since the development of behavioural finance, including quantitative behavioural finance, emotional finance, experimental finance and neurofinance. Sometimes distinction is made between behavioural finance, which focuses on the phenomena of how people behave when they are faced with choice, and cognitive finance, which looks at what is actually going on within the individual’s mind when they make that choice. We also consider ecological finance and environmental finance. We suggest that indulgence in quantitative behavioural finance is a step backward and an attempt to preserve the methodology of neoclassical finance.
KeywordsQuantitative behavioural finance Emotional finance Experimental finance Neurofinance Ecological finance Environmental finance
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