Behavioral Finance: What Everyone Needs To Know (R)

Author: Baker, H. Kent (University Professor of

Stock information

General Fields

Price : 9.63 USD
brand :
ISBN : 9780190868734
Publisher : Oxford University Press, Incorporated
Imprint : Oxford University Press
Contained items :
Weight (g) : 0.3
Publication date : 01 March 2019
Dimensions : .8 Inches X 8.2 Inches X 5.4 Inches
Produced in :
RRP : 16.95
Availability date :
Out of print date :
Agency :
Product Type : books

Special Fields

color :
size :
Author : Baker, H. Kent (University Professor of
Series : What Everyone Needs to Know® Ser.
Bind : Paperback
Edition :
Illustrator :
Language : English
Dewey classification : 332.6019
Reading Level :
Library of Con LOCSH :
Pages : 256
BIC subject :
Illustrations :
Colour :
Session :
Deck :
Store Notes :
Translator :
Signed :

9780190868734

Description

People tend to be penny wise and pound foolish and cry over spilt milk, even though we are taught to do neither. Focusing on the present at the expense of the future and basing decisions on lost value are two mistakes common to decision-making that are particularly costly in the world of finance.

Behavioral Finance: What Everyone Needs to Know(R) provides an overview of common shortcuts and mistakes people make in managing their finances. It covers the common cognitive biases or errors that occur when people are collecting, processing, and interpreting information. These include emotional biases and the influence of social factors, from culture to the behavior of one's peers. These effects vary during one's life, reflecting differences in due to age, experience, and gender.

Among the questions to be addressed are: How did the financial crisis of 2007-2008 spur understanding human behavior? What are market anomalies and how do they relate to behavioral biases? What role does overconfidence play in financial decision- making? And how does getting older affect risk tolerance?