KÜRESEL FİNANSAL KRİZİN DAVRANIŞSAL FİNANS PERSPEKTİFİNDEN DEĞERLENDİRİLMESİ

Financial liberalization and deregulation of financial markets since the 1980s have increased the volatility of financial markets in global scale. Financial crises together with the financial liberalization and deregulation of the markets have begun to occur more often in the integrated markets, spread very faster and their effects have become more serious on the economies compared to past. Inadequacy of the evaluation of traditional finance for market conjonctures causes increases in fragility, uncertainty and unpredictability of the financial markets. This study discusses global financial crisis by taking into consideration the propositions of behaviorial finance paradigm which is a response to difficultues faced by the traditional paradigm to answer conjonctures.