Decentralized Finance Unmasked
Behavioral Finance and Public Policy Insights on Financial Market Regulation
Zusammenfassung
Decentralized Finance (DeFi) ist eine Form der Finanzwirtschaft ohne zentrale Finanzintermediäre. Dieses Werk analysiert das Zusammenspiel von Behavioral Finance und Public Policy im aufkommenden Bereich des DeFi. Das Werk erklärt die zugrundeliegenden Mechanismen von DeFi aus sozial-, wirtschafts- und rechtswissenschaftlicher Sicht untersucht den potenziellen Einfluss von DeFi auf Finanzsysteme und die damit verbundenen Risiken, einschließlich Schwachstellen bei Smart Contracts und Vertrauensmechanismen, liefert Einblicke in finanzielle Entscheidungsprozesse in DeFi, bietet Vorschläge zur Verbesserung regulatorischer Rahmenbedingungen.
Abstract
Decentralized finance (DeFi) is a form of finance without central financial intermediaries. This handbook explores the interplay of behavioral finance and public policy in the emerging field of decentralized finance. The work explaines the underlying mechanisms in a nutshell from a social science, economics and legal perspective investigates DeFi's potential impact on financial systems and the risks involved, including smart contract vulnerabilities and trust mechanisms. provides insights into financial decision-making processes in DeFi offers suggestions to enhance regulatory frameworks.
Schlagworte
behavioral biases behavioral economics bitcoin Blockchain corporate governance Crypto Assets Regulation cryptocurrencies decentralization decision-making environment DeFi ecological rationality finance financial crisis financial institution financial literacy financial regulation government policy herding heuristics imperfect information information asymmetry investment decision making investment decisions investor behavior investor psychology legal studies market efficiency MiCAR nudging perceived risk prospect theory public policy regulation regulation of financial institutions risk social sciences sociology of law Token Economy trust behavioral finance decentralized finance financial market- Adato, M., Carter, M. R., & May, J. (2006). Exploring poverty traps and social exclusion in South Africa using qualitative and quantitative data. The Journal of Development Studies, 42(2), 226-247.
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