Behavioral Finance - And the Change of Investor Behavior during and After the Speculative Bubble At the End of the 1990s
The apparent high valuations in the aggregate market and the high price earnings ratios, experienced in the equity markets at the end of the 1990s, can be characterized as a so-called speculative bubble. The existence of such a phenomenon can in part be attributed to less-than-rational aspects of investor behavior and human judgment. The purpose of this thesis is to conduct a research on how priva