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Behavioral finance : what everyone needs to know / H. Kent Baker, Greg Filbeck, and John R. Nofsinger.
- Format:
- Book
- Author/Creator:
- Baker, H. Kent (Harold Kent), 1944- author.
- Filbeck, Greg, author.
- Nofsinger, John R., 1965- author.
- Series:
- What everyone needs to know.
- What everyone needs to know
- Language:
- English
- Subjects (All):
- Finance--Psychological aspects.
- Finance.
- Investments--Psychological aspects.
- Investments.
- Investments--Decision making.
- Physical Description:
- 1 online resource (257 pages)
- Place of Publication:
- New York, NY : Oxford University Press, 2020.
- Summary:
- 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. People are also tempted to throw good money after bad. Behavioral finance is the field that sheds light on how people make decisions and make predictable mistakes due to mental and emotional characteristics. It also provides insights into how markets operate. Having a better understanding of both can mitigate mistakes. This title provides an overview of common shortcuts and mistakes people make in managing their finances that can affect their wealth. Throughout the authors combine discussions of concepts, insights from research, and examples from recent events.
- Notes:
- Previously issued in print: 2019.
- Includes bibliographical references and index.
- Description based on publisher information.
- ISBN:
- 0-19-086876-7
- 0-19-756963-3
- 0-19-086875-9
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