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Bailard, Biehl And Kaiser Five-Way Model

Bailard, Biehl And Kaiser Five-Way Model

What is 'Bailard, Biehl And Kaiser Five-Way Model'

A model of five investor categories developed by fund managers Tom Bailard, Larry Biehl and Ron Kaiser. The Bailard, Biehl and Kaiser (BB&K) Five-Way Model defines investor personalities based on their confidence level and preferred method of action. The five categories thus defined are - Individualists, Adventurers, Celebrities, Guardians and Straight Arrows.

Explaining 'Bailard, Biehl And Kaiser Five-Way Model'

The BB&K classification system enables investment advisors to target the right kind of clients for their particular business specialty and provide a higher level of service. For example, an advisor who specializes in aggressive option strategies would be better off targeting his or her marketing efforts to celebrities rather than guardians.


Bailard, Biehl And Kaiser Five Way Model FAQ

What are the two pillars of behavioral finance?

Cognitive Psychology (How Individuals Think) and Arbitrage Limits (Market Inefficiency)

How do biases affect investors Behaviour?

Behavior of investors often deviates from rationality. Because of this, investors behave according to biases, influencing their investment choices.

What is Behavioural investing?

Behavioral investing describes the relationship between psychology and investing. Psychological biases and irrationality can influence investing decisions, causing errors in optimal investment.

Further Reading

Developing an Empirical Framework for Investment Strategy Based on BB&K Five-Way ModelDeveloping an Empirical Framework for Investment Strategy Based on BB&K Five-Way Model
search.proquest.com [PDF]
… Steiger, JH (1990) Structural Model Evaluation and Modification: An Interval Estimation Approach, Multivariate Behavioral Research, 25, 173 – 180. Thomas Bailard, David Biehl and Ronald Kaiser. (1986) Personal Money Management, 5th edition …

CLASSICAL LASSICAL AND BEHAVIOURAL FINANCE IN INVESTOR DECISION.CLASSICAL LASSICAL AND BEHAVIOURAL FINANCE IN INVESTOR DECISION.
search.ebscohost.com [PDF]
… Steiger, JH (1990) Structural Model Evaluation and Modification: An Interval Estimation Approach, Multivariate Behavioral Research, 25, 173 – 180. Thomas Bailard, David Biehl and Ronald Kaiser. (1986) Personal Money Management, 5th edition …

Decoding behavioral finance: the practitioner's view (three articles)Decoding behavioral finance: the practitioner's view (three articles)
repositorio.comillas.edu [PDF]
… Steiger, JH (1990) Structural Model Evaluation and Modification: An Interval Estimation Approach, Multivariate Behavioral Research, 25, 173 – 180. Thomas Bailard, David Biehl and Ronald Kaiser. (1986) Personal Money Management, 5th edition …

Behavioral finance: A study of correlation between personality traits with the investment patterns in the stock marketBehavioral finance: A study of correlation between personality traits with the investment patterns in the stock market
link.springer.com [PDF]
… Steiger, JH (1990) Structural Model Evaluation and Modification: An Interval Estimation Approach, Multivariate Behavioral Research, 25, 173 – 180. Thomas Bailard, David Biehl and Ronald Kaiser. (1986) Personal Money Management, 5th edition …

Investment Pattern for Sec A1–A Pilot StudyInvestment Pattern for Sec A1–A Pilot Study
papers.ssrn.com [PDF]
… Steiger, JH (1990) Structural Model Evaluation and Modification: An Interval Estimation Approach, Multivariate Behavioral Research, 25, 173 – 180. Thomas Bailard, David Biehl and Ronald Kaiser. (1986) Personal Money Management, 5th edition …

Prevailing Behavioral Biases and Investor Profiles: A Survey of Professional InvestorsPrevailing Behavioral Biases and Investor Profiles: A Survey of Professional Investors
jwm.pm-research.com [PDF]
… Steiger, JH (1990) Structural Model Evaluation and Modification: An Interval Estimation Approach, Multivariate Behavioral Research, 25, 173 – 180. Thomas Bailard, David Biehl and Ronald Kaiser. (1986) Personal Money Management, 5th edition …


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