This paper aims to give a brief review on behavioral economics and behavioral finance and discusses some of the previous research on agents' utility functions, applicable risk measures, diversification strategies and portfolio optimization.,The authors also cover related disciplines such as trading rules, contagion and various econometric aspects.,While scholars could first develop theoretical models in behavioral economics and behavioral finance, they subsequently may develop corresponding statistical and econometric models, this finally includes simulation studies to examine whether the estimators or statistics have good power and size. This all helps us to better understand financial and economic decision-making from a descriptive standpoint.,The research paper is original.

中文翻译：

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行为经济学与行为金融评论

本文旨在对行为经济学和行为金融学进行简要回顾，并讨论有关代理人效用函数，适用的风险度量，多元化策略和投资组合优化的先前研究。作者还涉及交易规则，传染性等相关学科。和经济学的各个方面。虽然学者们可以首先建立行为经济学和行为金融学的理论模型，但随后可以发展相应的统计和计量经济学模型，最后还包括模拟研究，以检验估计量或统计量是否具有良好的功效和规模。这一切都有助于我们从描述的角度更好地理解金融和经济决策。