PT - JOURNAL ARTICLE AU - Brian R. Bruce TI - Reflections on 25 Years of Behavioral Finance AID - 10.3905/joi.2017.26.1.131 DP - 2017 Feb 28 TA - The Journal of Investing PG - 131--135 VI - 26 IP - 1 4099 - https://pm-research.com/content/26/1/131.short 4100 - https://pm-research.com/content/26/1/131.full AB - In finance, academic research on behavior started in the 1980s. The use of behavioral finance concepts in institutional investing took hold in the 1990s. Behavioral concepts guided the creation of models that used earnings expectation data beginning in 1990. It took several more years before behavioral finance started to gain traction with institutional investors. Brian Bruce, founding editor of The Journal of Investing and The Journal of Behavioral Finance, recounts how the field developed in the early years.TOPICS: Portfolio theory, portfolio construction