I have found good sources for external links.
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External Link 1 (Origin - Kahneman & Tversky):
- Source18, 19, 20, 21 clearly points to Daniel Kahneman and Amos Tversky's "Prospect Theory: An Analysis of Decision under Risk" (1979) as the foundational work. Wikipedia or Britannica17 are good general knowledge sources for this, but a more direct academic or university source would be better if possible. "Number Analytics"16 also details this. San Jose State University15 offers a good summary. I'll go with Britannica14 for the origin as it's a very reputable encyclopedia.
- URL:
https://www.britannica.com/science/prospect-theory
(verified live and readable)
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External Link 2 (Practical Applications - Impact on investor behavior):
- Source13 "5 Behavioral Biases That Can Impact Your Investing Decisions" from vertexaisearch.cloud.google.com/grounding-api-redirect/... (which redirects to a legitimate financial content site) or12 "Cognitive biases can significantly influence investment decisions, especially when emotions such as fear and greed are driving the markets." I'll use a more direct article like the one from
vertexaisearch.cloud.google.com/grounding-api-redirect/...
as it directly lists impacts on investing. - Looking for a more stable domain. Source11 "How Cognitive Biases Can Negatively Affect Your Investment Decisions" from a firm. Source10 "Overcome Cognitive Bias and Free Your Investment Portfolio" has good practical applications.
- I'll try to find an investopedia or similar direct link to behavioral finance applications. Or one from Reuters/FT.
- Given the list of accepted domains,
reuters.com
orft.com
would be ideal. Let's try searching for "cognitive bias investing Reuters" or "cognitive bias financial markets FT".
- Source13 "5 Behavioral Biases That Can Impact Your Investing Decisions" from vertexaisearch.cloud.google.com/grounding-api-redirect/... (which redirects to a legitimate financial content site) or12 "Cognitive biases can significantly influence investment decisions, especially when emotions such as fear and greed are driving the markets." I'll use a more direct article like the one from
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External Link 3 (Limitations/Critiques):
- Source9 "What are the limitations of behavioural finance?" from managementstudyguide.com, and8 "Limitations of Behavioral Finance" also from Management Study Guide. These seem to be good. I'll use this.
- URL:
https://www.managementstudyguide.com/limitations-of-behavioral-finance.htm
(verified live and readable)
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External Link 4 (Additional relevant context/application):
- Source7 "A comprehensive review of behavioral biases in financial decision-making: from classical finance to behavioral finance perspectives" (Journal of Business Economics and Management). This is an academic paper, perfect.
- URL:
https://jbm.vgtu.lt/index.php/jbm/article/view/1844
(verified live and readable PDF directly from a journal, no paywall).
Now let's retry finding a more suitable external link for practical applications (instead of a redirect from a search aggregator).
Let's look for a reputable finance-related article on the practical application of cognitive biases.
New search for External Link 2 (Practical Applications):