Behavioral Finance: Biases, Mean–Variance Returns, and Risk Premiums PoorSatisfactoryGoodVery GoodExcellent Be the first. (0 ratings) Log in to rate this article. CFA Institute Conference Proceedings Quarterly June 2007 | Vol. 24 | No. 2 | 8 pages Source: CFA InstituteHersh Shefrin Read Abstract Behavioral finance examines the biases that investors (individual and professional) incorporate in their investment decision-making process. These biases lead to inefficiencies in market pricing that are reflected in behavioral mean–variance portfolios. For an individual security, its risk premium reflects the extent to which its return co-varies with the return of a risky behavioral mean–variance portfolio. View more information Topics Portfolio Management | Behavioral Finance Credits · About the CE Program 0.5 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits People who viewed this page also viewed: Credit Suisse Global Wealth Databook This Databook displays the detailed dataset backing the "Credit Suisse Global Wealth Report," the comprehensive study of world ... More Credit Suisse Global Wealth Report The "Credit Suisse Global Wealth Report" is a comprehensive study of world wealth that analyzes the world’s entire 200 trillion ... More Top Hedge Fund Investors: Stories, Strategies, and Advice This book chronicles top hedge fund investors that played key roles in the industry, including substantial information on manager sourcing, ... More Loading ...