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The purpose of this paper is to identify common inclusive concepts that might help define the boundaries of a general theory of behavioral finance.

A cross disciplinary review of relevant natural and social sciences is conducted to identify common foundational concepts.

The overall findings are that a general theory must include assumptions of subjective perception, indeterminacy, and a financial decision process that is both logical and affective.

Optimal financial decisions are not possible and significant market unpredictability will continue because of the dynamic complexity associated with disequilibrium.

The current financial paradigm is based upon radically incorrect assumptions and a general theory of behavioral finance cannot arise from minor corrections to the current financial paradigm.

This paper is the first to attempt identifying foundational attributes of a behavioral financial paradigm.

The purpose of this paper is to present a behavioral explanation of excess stock price volatility relative to present value theory.

The conceptual basis is the impact of affect on investor decisions. The empirical tests involve survey data collected from a sample of semi‐professional investors (AAII members) and investment advisors (CFPs).

It is suggested that affect causes investors to perceive an inverse ex ante relationship between risk perceptions and expected returns. Thus, new good or bad information has an amplified effect on stock valuations. In addition, investors tend to extrapolate recent short‐term market movements into the future.

The primary implications are that ex ante perceptions of risk and return vary inversely and that affect has a strong influence on valuation. This means that simple statistical measures of risk are unlikely to fully capture risk perceptions and that market volatility can be expected to be greater than a simple present value model would imply.

This paper is unique as to the conclusion that risk and return perceptions vary inversely ex ante and that affect can amplify stock price volatility.

The purpose of this paper is to investigate the implications of human consciousness relative to financial risk perceptions.

After conceptually identifying that risk perceptions qualify as a Qualia, survey data are gathered from investment experts to clarify the implications.

Financial risk perceptions are Qualia and as such should have a strong affective influence on risk perceptions. This suggests that aggregate market measures of financial risk may be difficult to obtain and utilize.

Sample size could be larger and more complete implications need to be investigated. Sample unlikely to exhibit significant bias.

Going to be difficult to devise aggregate measures of financial risk across market participants.

Risk is going to be heavily affective in orientation and interpersonal Trust is a financial risk attribute.

Is quite original as the author has never seen another paper look to the implications of consciousness for financial risk perceptions or even Trust. Breaks new ground!

The purpose of this paper is to discuss the origin of variance and beta as risk measures and to identify their shortcomings as perceived risk metrics.

The paper analyses seminal literature from economics, psychology, and neuroscience that have relevance to financial risk.

There is empirical evidence that investors are loss‐averse and affectively influenced. Variance and beta as conventionally calculated are flawed because they do not take into account the inherent indeterminacy of the investor's world.

The paper demonstrates that perceived risk will be systematically mis‐measured and that risk premium/return anomalies will prevail until a more affective and multidimensional risk metric is utilized.

The value of the paper lies in its concise and clear identification of financial risk measurement issues and a suggested direction for remediation.

Develops an original 12‐step management of technology protocol and applies it to 51 applications which range from Du Pont’s failure in Nylon to the Single Online Trade Exchange for Auto Parts procurement by GM, Ford, Daimler‐Chrysler and Renault‐Nissan. Provides many case studies with regards to the adoption of technology and describes seven chief technology officer characteristics. Discusses common errors when companies invest in technology and considers the probabilities of success. Provides 175 questions and answers to reinforce the concepts introduced. States that this substantial journal is aimed primarily at the present and potential chief technology officer to assist their survival and success in national and international markets.

In mid-1992, Christine Olsen, the chief financial officer (CFO) of this large CAD/CAM equipment manufacturer, must decide on the magnitude of the firm's dividend payout. A subsidiary question is whether the firm should embark on a campaign of corporate-image advertising and change its corporate name to reflect its new outlook. The case serves as an omnibus review of the many practical aspects of the dividend decision, including (1) signaling effects, (2) clientele effects, and (3) finance and investment implications of increasing dividend payout.