Herd behavior in the container ship market

The basic hypothesis of Traditional finance theory who relevant to the existence of rational investors & efficient markets has challenged in many cases. The rational ability of participants in a market is one of the basics hypotheses of Efficient Market Theory. (Fama 1970) Recent empirical stu...

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Main Author:	Κώστας, Βασίλειος
Other Authors:	Συριόπουλος, Θεόδωρος
Language:	English
Published:	2020
Subjects:	economic cycle container ship market behavior Business cycles (URL: http://id.loc.gov/authorities/subjects/sh85018278) Behavior (URL: http://lod.nal.usda.gov/1754) Container ship (URL: http://zbw.eu/stw/descriptor/18242-0)
Online Access:	http://hdl.handle.net/11610/20961
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author	Κώστας, Βασίλειος
author2	Συριόπουλος, Θεόδωρος
author_facet	Συριόπουλος, Θεόδωρος Κώστας, Βασίλειος
author_sort	Κώστας, Βασίλειος
collection	DSpace
description	The basic hypothesis of Traditional finance theory who relevant to the existence of rational investors & efficient markets has challenged in many cases. The rational ability of participants in a market is one of the basics hypotheses of Efficient Market Theory. (Fama 1970) Recent empirical studies have demonstrated that investors (ownerships) behave systematically not rationally. (D. Ariely2008) The not rational behavior of ship-owners was resulted of Asymmetric information and noise. Such as has declared the Professor Shiller in his lectures: ‘’Things are not perfect, the world is not perfect and in the world there are real people’’. (Shiller 2003) The emergence of the crisis of 2008 with the collapse of the Lehman brothers and the destabilization of the markets, (in our case Container-ship market), highlighted the importance of Behavior in shaping the economic, social & financial environment. A crucial step to understand the Herd Behavior is the Prospect Theory (Kahneman & Tversky’s 1979). An investor always looks the prospects which possibly presented. When investors (with the help of favorable economic environment), see prospects for a market (in our case Container-ship) invest. However, in many cases the investors exceed the level of optimism & easily arrive at the point ‘’Greed’’. At this point ‘’Greed’’ the investors taking the biggest investment risk.
id	oai:hellanicus.lib.aegean.gr:11610-20961
institution	Hellanicus
language	English
publishDate	2020
record_format	dspace
spelling	oai:hellanicus.lib.aegean.gr:11610-209612020-06-25T06:50:09Z Herd behavior in the container ship market Κώστας, Βασίλειος Συριόπουλος, Θεόδωρος Ναυτιλία, Μεταφορές και Διεθνές Εμπόριο ΝΑ.Μ.Ε. economic cycle container ship market behavior Business cycles (URL: http://id.loc.gov/authorities/subjects/sh85018278) Behavior (URL: http://lod.nal.usda.gov/1754) Container ship (URL: http://zbw.eu/stw/descriptor/18242-0) The basic hypothesis of Traditional finance theory who relevant to the existence of rational investors & efficient markets has challenged in many cases. The rational ability of participants in a market is one of the basics hypotheses of Efficient Market Theory. (Fama 1970) Recent empirical studies have demonstrated that investors (ownerships) behave systematically not rationally. (D. Ariely2008) The not rational behavior of ship-owners was resulted of Asymmetric information and noise. Such as has declared the Professor Shiller in his lectures: ‘’Things are not perfect, the world is not perfect and in the world there are real people’’. (Shiller 2003) The emergence of the crisis of 2008 with the collapse of the Lehman brothers and the destabilization of the markets, (in our case Container-ship market), highlighted the importance of Behavior in shaping the economic, social & financial environment. A crucial step to understand the Herd Behavior is the Prospect Theory (Kahneman & Tversky’s 1979). An investor always looks the prospects which possibly presented. When investors (with the help of favorable economic environment), see prospects for a market (in our case Container-ship) invest. However, in many cases the investors exceed the level of optimism & easily arrive at the point ‘’Greed’’. At this point ‘’Greed’’ the investors taking the biggest investment risk. 2020-06-11T09:08:48Z 2020-06-11T09:08:48Z 2017-10-27 http://hdl.handle.net/11610/20961 en Default License 61 σ. application/pdf Χίος
spellingShingle	economic cycle container ship market behavior Business cycles (URL: http://id.loc.gov/authorities/subjects/sh85018278) Behavior (URL: http://lod.nal.usda.gov/1754) Container ship (URL: http://zbw.eu/stw/descriptor/18242-0) Κώστας, Βασίλειος Herd behavior in the container ship market
title	Herd behavior in the container ship market
title_full	Herd behavior in the container ship market
title_fullStr	Herd behavior in the container ship market
title_full_unstemmed	Herd behavior in the container ship market
title_short	Herd behavior in the container ship market
title_sort	herd behavior in the container ship market
topic	economic cycle container ship market behavior Business cycles (URL: http://id.loc.gov/authorities/subjects/sh85018278) Behavior (URL: http://lod.nal.usda.gov/1754) Container ship (URL: http://zbw.eu/stw/descriptor/18242-0)
url	http://hdl.handle.net/11610/20961
work_keys_str_mv	AT kōstasbasileios herdbehaviorinthecontainershipmarket

Herd behavior in the container ship market

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