@techreport{NBERw6375,
 title = "Human Behavior and the Efficiency of the Financial System",
 author = "Robert J. Shiller",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "6375",
 year = "1998",
 month = "January",
 URL = "http://www.nber.org/papers/w6375",
 abstract = {Recent literature in empirical finance is surveyed in its relation to underlying behavioral principles, principles which come primarily from psychology, sociology and anthropology.  The behavioral principles discussed are: prospect theory, regret and cognitive dissonance mental compartments, overconfidence, over- and underreaction, representativeness heuristic disjunction effect, gambling behavior and speculation, perceived irrelevance of history thinking, quasi-magical thinking, attention anomalies, the availability heuristic contagion, and global culture.},
}