The Psychology of Investing
| Author | : | |
| Rating | : | 4.39 (574 Votes) |
| Asin | : | 041539757X |
| Format Type | : | paperback |
| Number of Pages | : | 232 Pages |
| Publish Date | : | 2017-08-16 |
| Language | : | English |
DESCRIPTION:
Kent Baker, American University, USA. "Nofsinger does an incredible job explaining why we sometimes make poor investing decisions. Read this book and save your wallet from self-inflicted pain and anguish!"Wesley R. Gray, CEO, Alpha Architect, USA "Each new edition of The Psychology of Investing offers added breadth and depth on this fascinating subject. Nofsinger’s current update of this highly insightful book is a must-read for all investors intere
John R. . Nofsinger is the William H. Seward Endowed Chair in International Finance and Professor of Finance at the University of Alaska Anchorage, USA
Fully updated with the latest research in the field, The Psychology of Investing will prove fascinating and educational for advanced students in investment, portfolio management, and behavioral finance classes as well as investors and financial planners. Covering the ways investors actually behave, this is the first book of its kind to delve into the ways biases influence investment behavior, and how overcoming these biases can increase financial success. A new chapter on the biology of investment, exploring the latest research on genetics, neuroscience, and how hormones, aging, and nature versus nurture inform our investment behavior. Now in its sixth edition, this classic text features: An easy-to-understand structure, illustrating psychological biases as everyday behavior; analyzing their effect on investment decisions; and concluding with academic studies that exhibit real-life investors making choices that hurt their wealth. An updated companion website includes an instructor’s manual, PowerPoint slides, and more.. Experiential examples, chapter summaries, and end-of-chapter discussion questions to help readers test their practical understanding. An additional strategy for controlling biases, helping readers understand the psychology that motivates markets and how to address it. While traditional finance focuses on the tools used to optimize return and minimize risk, this book explains how psychology can affect our