- Andreassen, Paul B., "Judgmental Extrapolation and Market Overreaction: on the Use and Disuse of News," Journal of Behavioral Decision Making, Volume 3, (1990), pages 153-174.
An interesting investigation of the finding that more information can cause people to make worse decisions.
- Baskin, Jonathan Barron, "The Development of Corporate Financial Markets in Britain and the United States, 1600-1914: Overcoming Asymmetric Information," Business History Review, Volume 62, (1988), pages 199-237.
This is a thoroughly fascinating history of corporate finance. Among other things, this article has a lot to say about the dividend puzzle. Where we are clearly is a consequence of where weâve been. There would be much less of a puzzle if we spent more time studying history like this.
- Douthwaite, Richard, The Ecology of Money, Schumacher Briefing Number 4, (Schumacher Society, 1999).
This publication is a brilliant account of current money systems and possibilities for the future.
- Fischhoff, Baruch, and Ruth Beyth, "I Knew It Would Happen: Remembered Probabilities of Once-Future Things," Organizational Behavior and HumanPerformance, Volume 13, (1975), pages 1-16.
A remarkable discussion of the finding that with 20-20 hindsight, people exaggerate the accuracy of their original forecasts.
- Gallhofer, S., and J. Haslam, "No Blinkered View: Critical Reflections on the Teaching of Alternative Perspectives on Finance," Accounting Education, Volume 5, Number 4, (1996), pages 297-319.
- Gibbins, M., A. Richardson, and J. Waterhouse, J. "The Management of Corporate Financial Disclosure: Opportunism, Ritualism, Policies and Processes," Journal of Accounting Research, Volume 28, (1990), pages 121-143.
Although this is in a traditional accounting journal, it represents comparatively revolutionary ideas for accounting researchers in general.
- Giraldeau, Luc-Alain, "The Ecology of Information Use," in Behavioural Ecology: An Evolutionary Approach, ed. J.R. Krebs and N.B. Davies, (Oxford: Blackwell Science, 1997), pages 42-68.
Study of the transmission and sharing of information on scarce resources among various animals.
- Gordon, M., Finance, Investment and Macroeconomics: The Neoclassical and Post-Keynesian Solution, (Edward Elgar, 1994).
Very fascinating and a good basis for a more comprehensive and empirically-testable alternative theory
- Kacelnik, Alex and Melissa Bateson, "Risky Theories: the Effects of Variance on Foraging Decisions," American Zoologist, Volume 36, Number 4 (September, 1996), pages 402-434.
A stimulating survey of the experimental literature on how other animals evaluate uncertainty.
- Kahneman, Daniel, and Amos Tversky, "The Psychology of Preferences," Scientific American, Volume 246, (1982), pages 160-173.
One of the greatest explorations of the human mind ever published in a mainstream publication.
- Real, Leslie A., "Animal Choice Behavior and the Evolution of Cognitive Architecture," Science, Volume 253, (1991), pages 980-986.
A brilliant discussion of how non-human species, particularly honeybees, optimize the mean-variance tradeoff.
- Roese, Neal J. and James M. Olson, What Might Have Been: The Social Psychology of Counterfactual Thinking, (Mahwah, New Jersey: Lawrence Erlbaum, 1995).
Insights into how people manage the experience of regret by imagining alternative outcomes after the fact.
- Rosen, M., 1990, "Staying on the String: The Yo and the Market in Eighty-Nine," Critical Perspectives on Accounting, Volume 4, pages 337-365.
This article is a fascinating example of what an anthropological approach to finance is capable of accomplishing.
- Shefrin, H.M. and M. Statman, "Explaining Investor Preference for Cash Dividends," Journal of Financial Economics, (1984), pages 253-282.
- Tooby, John, and Leda Cosmides, "The Past Explains the Present: Emotional Adaptations and the Structure of Ancestral Environments," Ethology and Sociobiology, Volume 11, (1990), pages 375-424.
- Tversky, Amos, and Daniel Kahneman, "Judgment under Uncertainty: Heuristics and Biases," Science, Volume 185 (September, 1974), pages 1124-1131.
One of the foundational documents of behavioral finance; required reading for all sentient humans.
