AKERLOF, G., SHILLER, R., (2009), Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, Oxfordshire, Princeton University Press
AREN, S., AYDEMIR, S.D., ŞEHITOĞLU, Y. (2016), Behavioral Biases on Institutional Investors: A Literature Review, Kybernetes, 45(10), 1668–1684
BAILEY J.J., NOFSINGER J.R., O'NEILL M., (2003), A Review of Major Influences on Employee Retirement Investment Decisions, Journal of Financial Services Research 23(2), 149–165
BARSALOU, L. W. (2008), Grounded Cognition, Annual Review of Psychology 59, 617–645
BECKERT, J., (2011), Imagined Futures: Fictionality in Economic Action. MPIfG Discus-sion Paper 11/8 http://www.mpifg.de/pu/mpifg_dp/dp11-8.pdf Erişim tarihi 21.07.2017
BLANCHETTE, I., RICHARDS A. (2010), The Influence of Affect on Higher Level Cognition: A Review of Research on Interpretation, Judgement, Decision Making and Reasoning, Cognition and Emotion 24(4), 561–595.
CHONG, K., TUCKETT, D., (2014), Constructing Conviction through Action and Narrative: How Money Managers Manage Uncertainty and the Consequences for Financial Market Functioning, Socio-Economic Review, 13(2), 309–330
CORCORAN C.M. (2013), Systemic Liquidity Risk and Bipolar Markets: Wealth Management in Today's Macro Risk On / Risk Off Financial Environment, Croydon Wiley
CZARNIAWSKA, B., 2012. New plots are badly needed in finance: accounting for the financial crisis of 2007–2010. Account. Audit. Account. J. 25 (5),, 756–775
DULEBORN, J. H., MURRAY, B., SUN, M. (2000), Selection Among Employer-Sponsored Pension Plans: The Role Of Individual Differences, Personnel Psychology 53(22), 405–432
ESHRAGHI A.& TAFFLER R. (2015), Heroes and victims: fund manager sensemaking, self-legitimation and storytelling, Accounting and Business Research, 45:6-7, 691-714,
ESHRAGHI A., TAFFLER R. (2012), Hedge funds and unconscious fantasy, Accounting, Accounting, Auditing & Accountability Journal, 25 (8), 1244-1265
GABRIEL Y. (2015), Narratives and Stories in Organizational Life A.DE FINA, A. GEORGAKOPOULOU The Handbook of Narrative Analysis, West Sussex, John Wiley & Sons, Inc., Chapter 14, 273 – 292
GALLESE, V., LAKOFF G., (2005), The Brain’s Concepts: The Role of the Sensory-Motor System in Reason and Language, Cognitive Neuropsychology 22, 455–79http://www.fmaconferences.org/Venice/Papers/Emotional_Finance_Theory_and_Application.pdf Erişim tarihi 21.07.2017
KAHNEMAN, D., LOVALLO, D., (1993), Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking, Management Science, 39 (1), 17–31,
LOEWENSTEIN G.F., WEBER E.U., HSEE C.K. WELCH N. (2001), Risk a feelings, Psychol Bullettin 127(2), 267-286
OOSTERWIJK, S., LINDQUIST, A.K., ANDERSON E., DAUTOFF, R., MORIGUCHI, Y., BARRETTA L.F., (2012), States of mind: Emotions, body feelings, and thoughts share distributed neural networks, Neuroimage, 62(3), 2110–2128.
RAINES J.P., LEATHER C.G.S (2011), Behavioral finance and Post Keynesian-institutionalist theories of financial markets, Journal of Post Keynesian Economics, 33(4), 539–553
RAMIAH V., XU X., MOOSA I. A. (2015), Neoclassical Finance, Behavioral Finance and Noise Traders: A Review and Assessment of The Literature, International Review of Financial Analysis 41, 89–100
SHOUSE E. (2005), Feeling, Emotion, Affect, Journal of Media and Culture 8(6), http://journal.media-culture.org.au/0512/03-shouse.php, Erişim tarihi 21.09.2017
SLOVIC P., FINUCANE M.L., PETERS E., MACGREGOR D.G., (2004), Risk as analysis and risk as feelings: some thoughts about affect, reason, risk, and rationality, Risk Analysis, 24 (2), 311–322.
TAFFLER R. (2014), Emotional Finance: Theory and Application, WBS working paper 14 October 2014,
TAFFLER R.J., TUCKETT D. A. (2010), Emotional Finance: The Role of the Unconscious in Financial Decisions, H.K. BAKER and J.R. NOFSINGER, Behavioral Finance: Investors, Corporations, and Markets, New Jersey, John Wiley & Sons, Inc. 95–112
THALER, R. H., SUNSTEIN C. R.. 2008. Nudge. New Haven, CT: Yale University Press.
TUCKETT D., (2009), Addressing the Psychology of Financial Markets, Economics: The Open-Access, Open-Assessment E-Journal, 3 (2009-40), 1–22
TUCKETT D., MANDEL, A., MANGALAGIU, D., ABRAMSON, A., HINKEL, J., KATSIKOPOULOS, K., KIRMAN, A., MALLERET T.,, MOZETIC, I., ORMEROD, P.,
SMITH, R.E., VENTURINI T., WILKINSON, A., (2015), Uncertainty, Decision Science, and Policy Making: A Manifesto for a Research Agenda, Critical Review, 27(2), 213–242
TUCKETT D., SMITh R. E., NYMANA,R., (2014), Tracking phantastic objects: A computer algorithmic investigation of narrative evolution in unstructured data sources, Social Networks 38, 121–133
TUCKETT D., TAFFLER R., (2008), Phantastic objects and the financial market’s sense of reality: A psychoanalytic contribution to the understanding of stock market instability, International Journal of Psychoanalysis, 89(2), 389–412
TUCKETT, D. (2011), Minding the Markets: An Emotional Finance View of Financial Instability, London, Palgrave Macmillan.
TUCKETT, D., 2011. Minding the Markets: An Emotional Finance View of Financial Instability. Palgrave MacMillan, London and New York.
ZAJONC R.B. (1980). Feeling and thinking: Preferences need no inferences, American Psychologist 35(2), 151–175
Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım
Year 2019,
Volume: 11 Issue: 3, 11 - 16, 30.09.2019
Bu çalışmada
finans teorisinde oldukça yakın bir geçmişe sahip duygusal finansın kavramsal
çerçevesi sunulmuştur. Bu özelliği ile ülkemiz akademik yazını için ilk olma
özelliğine sahiptir. Duygusal finans piyasalardaki belirsizliğe vurgu yaparak
ve duyguları odağına alarak neoklasik finanstan ayrılır. Bilinçdışı süreçlerin,
phantazilerin ve anlatıların finansal kararlardaki rolüne vurgu yaparak da
davranışsal finanstan farklı bir bakış açısına sahiptir. Özellikle finansal
kriz ve balonların nasıl anlaşılabileceği ve neden tekrarlandığına ilişkin
açıklamaları ile yeni ve kayda değer bir finans yaklaşımı olarak
değerlendirilmektedir. Bu çalışmada duygusal finansın temel kavramları olan
zihnin durumları, bilinçdışı süreçler ve phantaziler açıklanmıştır. Ayrıca bu
kavramlardan hareketle finansal kriz ve balon dönemlerindeki piyasanın ruh hali
değerlendirilmiştir.
AKERLOF, G., SHILLER, R., (2009), Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, Oxfordshire, Princeton University Press
AREN, S., AYDEMIR, S.D., ŞEHITOĞLU, Y. (2016), Behavioral Biases on Institutional Investors: A Literature Review, Kybernetes, 45(10), 1668–1684
BAILEY J.J., NOFSINGER J.R., O'NEILL M., (2003), A Review of Major Influences on Employee Retirement Investment Decisions, Journal of Financial Services Research 23(2), 149–165
BARSALOU, L. W. (2008), Grounded Cognition, Annual Review of Psychology 59, 617–645
BECKERT, J., (2011), Imagined Futures: Fictionality in Economic Action. MPIfG Discus-sion Paper 11/8 http://www.mpifg.de/pu/mpifg_dp/dp11-8.pdf Erişim tarihi 21.07.2017
BLANCHETTE, I., RICHARDS A. (2010), The Influence of Affect on Higher Level Cognition: A Review of Research on Interpretation, Judgement, Decision Making and Reasoning, Cognition and Emotion 24(4), 561–595.
CHONG, K., TUCKETT, D., (2014), Constructing Conviction through Action and Narrative: How Money Managers Manage Uncertainty and the Consequences for Financial Market Functioning, Socio-Economic Review, 13(2), 309–330
CORCORAN C.M. (2013), Systemic Liquidity Risk and Bipolar Markets: Wealth Management in Today's Macro Risk On / Risk Off Financial Environment, Croydon Wiley
CZARNIAWSKA, B., 2012. New plots are badly needed in finance: accounting for the financial crisis of 2007–2010. Account. Audit. Account. J. 25 (5),, 756–775
DULEBORN, J. H., MURRAY, B., SUN, M. (2000), Selection Among Employer-Sponsored Pension Plans: The Role Of Individual Differences, Personnel Psychology 53(22), 405–432
ESHRAGHI A.& TAFFLER R. (2015), Heroes and victims: fund manager sensemaking, self-legitimation and storytelling, Accounting and Business Research, 45:6-7, 691-714,
ESHRAGHI A., TAFFLER R. (2012), Hedge funds and unconscious fantasy, Accounting, Accounting, Auditing & Accountability Journal, 25 (8), 1244-1265
GABRIEL Y. (2015), Narratives and Stories in Organizational Life A.DE FINA, A. GEORGAKOPOULOU The Handbook of Narrative Analysis, West Sussex, John Wiley & Sons, Inc., Chapter 14, 273 – 292
GALLESE, V., LAKOFF G., (2005), The Brain’s Concepts: The Role of the Sensory-Motor System in Reason and Language, Cognitive Neuropsychology 22, 455–79http://www.fmaconferences.org/Venice/Papers/Emotional_Finance_Theory_and_Application.pdf Erişim tarihi 21.07.2017
KAHNEMAN, D., LOVALLO, D., (1993), Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking, Management Science, 39 (1), 17–31,
LOEWENSTEIN G.F., WEBER E.U., HSEE C.K. WELCH N. (2001), Risk a feelings, Psychol Bullettin 127(2), 267-286
OOSTERWIJK, S., LINDQUIST, A.K., ANDERSON E., DAUTOFF, R., MORIGUCHI, Y., BARRETTA L.F., (2012), States of mind: Emotions, body feelings, and thoughts share distributed neural networks, Neuroimage, 62(3), 2110–2128.
RAINES J.P., LEATHER C.G.S (2011), Behavioral finance and Post Keynesian-institutionalist theories of financial markets, Journal of Post Keynesian Economics, 33(4), 539–553
RAMIAH V., XU X., MOOSA I. A. (2015), Neoclassical Finance, Behavioral Finance and Noise Traders: A Review and Assessment of The Literature, International Review of Financial Analysis 41, 89–100
SHOUSE E. (2005), Feeling, Emotion, Affect, Journal of Media and Culture 8(6), http://journal.media-culture.org.au/0512/03-shouse.php, Erişim tarihi 21.09.2017
SLOVIC P., FINUCANE M.L., PETERS E., MACGREGOR D.G., (2004), Risk as analysis and risk as feelings: some thoughts about affect, reason, risk, and rationality, Risk Analysis, 24 (2), 311–322.
TAFFLER R. (2014), Emotional Finance: Theory and Application, WBS working paper 14 October 2014,
TAFFLER R.J., TUCKETT D. A. (2010), Emotional Finance: The Role of the Unconscious in Financial Decisions, H.K. BAKER and J.R. NOFSINGER, Behavioral Finance: Investors, Corporations, and Markets, New Jersey, John Wiley & Sons, Inc. 95–112
THALER, R. H., SUNSTEIN C. R.. 2008. Nudge. New Haven, CT: Yale University Press.
TUCKETT D., (2009), Addressing the Psychology of Financial Markets, Economics: The Open-Access, Open-Assessment E-Journal, 3 (2009-40), 1–22
TUCKETT D., MANDEL, A., MANGALAGIU, D., ABRAMSON, A., HINKEL, J., KATSIKOPOULOS, K., KIRMAN, A., MALLERET T.,, MOZETIC, I., ORMEROD, P.,
SMITH, R.E., VENTURINI T., WILKINSON, A., (2015), Uncertainty, Decision Science, and Policy Making: A Manifesto for a Research Agenda, Critical Review, 27(2), 213–242
TUCKETT D., SMITh R. E., NYMANA,R., (2014), Tracking phantastic objects: A computer algorithmic investigation of narrative evolution in unstructured data sources, Social Networks 38, 121–133
TUCKETT D., TAFFLER R., (2008), Phantastic objects and the financial market’s sense of reality: A psychoanalytic contribution to the understanding of stock market instability, International Journal of Psychoanalysis, 89(2), 389–412
TUCKETT, D. (2011), Minding the Markets: An Emotional Finance View of Financial Instability, London, Palgrave Macmillan.
TUCKETT, D., 2011. Minding the Markets: An Emotional Finance View of Financial Instability. Palgrave MacMillan, London and New York.
ZAJONC R.B. (1980). Feeling and thinking: Preferences need no inferences, American Psychologist 35(2), 151–175
Aren, S. (2019). Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım. Aksaray Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 11(3), 11-16.
AMA
Aren S. Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım. Journal of ASU FEAS. September 2019;11(3):11-16.
Chicago
Aren, Selim. “Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım”. Aksaray Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 11, no. 3 (September 2019): 11-16.
EndNote
Aren S (September 1, 2019) Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım. Aksaray Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 11 3 11–16.
IEEE
S. Aren, “Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım”, Journal of ASU FEAS, vol. 11, no. 3, pp. 11–16, 2019.
ISNAD
Aren, Selim. “Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım”. Aksaray Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 11/3 (September 2019), 11-16.
JAMA
Aren S. Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım. Journal of ASU FEAS. 2019;11:11–16.
MLA
Aren, Selim. “Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım”. Aksaray Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, vol. 11, no. 3, 2019, pp. 11-16.
Vancouver
Aren S. Duygusal Finansın Kavramsal Çerçevesi Finansal Kriz Ve Balonların Anlaşılmasında Yeni Bir Yaklaşım. Journal of ASU FEAS. 2019;11(3):11-6.