Finance for Normal People

How Investors and Markets Behave

Business & Finance, Accounting, Budgeting, Nonfiction, Health & Well Being, Psychology, Applied Psychology, Finance & Investing, Finance
Cover of the book Finance for Normal People by Meir Statman, Oxford University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Meir Statman ISBN: 9780190626495
Publisher: Oxford University Press Publication: April 3, 2017
Imprint: Oxford University Press Language: English
Author: Meir Statman
ISBN: 9780190626495
Publisher: Oxford University Press
Publication: April 3, 2017
Imprint: Oxford University Press
Language: English

Finance for Normal People teaches behavioral finance to people like you and me - normal people, neither rational nor irrational. We are consumers, savers, investors, and managers - corporate managers, money managers, financial advisers, and all other financial professionals. The book guides us to know our wants-including hope for riches, protection from poverty, caring for family, sincere social responsibility and high social status. It teaches financial facts and human behavior, including making cognitive and emotional shortcuts and avoiding cognitive and emotional errors such as overconfidence, hindsight, exaggerated fear, and unrealistic hope. And it guides us to banish ignorance, gain knowledge, and increase the ratio of smart to foolish behavior on our way to what we want. These lessons of behavioral finance draw on what we know about us-normal people-including our wants, cognition, and emotions. And they draw on the roles of these factors in saving and spending, portfolio construction, returns we can expect from our investments, and whether we can hope to beat the market. Meir Statman, a founder of behavioral finance, draws on his extensive research and the research of many others to build a unified structure of behavioral finance. Its foundation blocks include normal behavior, behavioral portfolio theory, behavioral life-cycle theory, behavioral asset pricing theory, and behavioral market efficiency.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Finance for Normal People teaches behavioral finance to people like you and me - normal people, neither rational nor irrational. We are consumers, savers, investors, and managers - corporate managers, money managers, financial advisers, and all other financial professionals. The book guides us to know our wants-including hope for riches, protection from poverty, caring for family, sincere social responsibility and high social status. It teaches financial facts and human behavior, including making cognitive and emotional shortcuts and avoiding cognitive and emotional errors such as overconfidence, hindsight, exaggerated fear, and unrealistic hope. And it guides us to banish ignorance, gain knowledge, and increase the ratio of smart to foolish behavior on our way to what we want. These lessons of behavioral finance draw on what we know about us-normal people-including our wants, cognition, and emotions. And they draw on the roles of these factors in saving and spending, portfolio construction, returns we can expect from our investments, and whether we can hope to beat the market. Meir Statman, a founder of behavioral finance, draws on his extensive research and the research of many others to build a unified structure of behavioral finance. Its foundation blocks include normal behavior, behavioral portfolio theory, behavioral life-cycle theory, behavioral asset pricing theory, and behavioral market efficiency.

More books from Oxford University Press

Cover of the book Soldiers to Citizens by Meir Statman
Cover of the book Disobeying Hitler by Meir Statman
Cover of the book Meaning of Life: Oxford Bibliographies Online Research Guide by Meir Statman
Cover of the book Supernatural Agents by Meir Statman
Cover of the book The Happy Traveler by Meir Statman
Cover of the book Prevention vs. Treatment by Meir Statman
Cover of the book The ius commune in England by Meir Statman
Cover of the book The Moral Punishment Instinct by Meir Statman
Cover of the book Thriving Under Stress by Meir Statman
Cover of the book Re-Imagining Offshore Finance by Meir Statman
Cover of the book A Voice in the Wilderness by Meir Statman
Cover of the book The Myth of International Order by Meir Statman
Cover of the book A Twenty-First Century US Water Policy by Meir Statman
Cover of the book Upholding Mystery by Meir Statman
Cover of the book The Most Democratic Branch by Meir Statman
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy