Modern financial economics assumes that we behave with extreme rationality but we do not. Furthermore, our deviations from rationality are often systematic.This paper tries to offer a starting point in the investor’s psychology analyses in the framework of the latest events in the Romanian capi-tal market. The main conclusion is that the two main phenomenon noticed on this market – the “auto-sustainable” downward trend and the tendency for increase in the market intrinsic volatility lead to a mouvement in the investors’ psychology cicle from the enthusiastic position (in the final of 2007) to the fear/panic position in the October 2008.
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Volume (Year): 55 (2008) Issue (Month): (November) Pages: 111-119 Download reference. The following formats are available: HTML
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