Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics [Kindle Edition]
Author: Gary Belsky | Language: English | ISBN: B00321OR9E | Format: PDF, EPUB
Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics
Download books file now Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics from mediafire, rapishare, and mirror link • A fascinating and practical manual: Looking at the ways we spend, save, borrow, invest, and waste money, Gary Belsky and Thomas Gilovich reveal the psychology underlying irrational financial behavior. Entertaining case studies illustrate common patterns of thinking and show readers how changing their habits can protect and grow their assets. .
• New information for a new economic climate: Belsky and Gilovich offer sound theory and sensible advice that accounts for new economic realities and helps people make good decisions in these difficult times. .
• Increasing prominence of the field: Interest in behavioral economics has increased dramatically since the first edition was released. This updated volume will offer the latest research to readers eager to learn about its practical applications.. Download latest books on mediafire and other links compilation Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics [Kindle Edition]
Download books file now Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics from mediafire, rapishare, and mirror link • A fascinating and practical manual: Looking at the ways we spend, save, borrow, invest, and waste money, Gary Belsky and Thomas Gilovich reveal the psychology underlying irrational financial behavior. Entertaining case studies illustrate common patterns of thinking and show readers how changing their habits can protect and grow their assets. .
• New information for a new economic climate: Belsky and Gilovich offer sound theory and sensible advice that accounts for new economic realities and helps people make good decisions in these difficult times. .
• Increasing prominence of the field: Interest in behavioral economics has increased dramatically since the first edition was released. This updated volume will offer the latest research to readers eager to learn about its practical applications.. Download latest books on mediafire and other links compilation Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics [Kindle Edition]
- File Size: 1933 KB
- Print Length: 290 pages
- Page Numbers Source ISBN: 1439163367
- Publisher: Simon & Schuster (January 12, 2010)
- Sold by: Simon and Schuster Digital Sales Inc
- Language: English
- ASIN: B00321OR9E
- Text-to-Speech: Not enabled
- Lending: Not Enabled
- Amazon Best Sellers Rank: #77,939 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
- #22 in Kindle Store > Kindle eBooks > Nonfiction > Professional & Technical > Accounting & Finance > Accounting
- #57 in Kindle Store > Kindle eBooks > Business & Money > Personal Finance > Budgeting & Money Management > Money Management
Gary Belsky and Thomas Gilovich's book, Why Smart People Make Big Money Mistakes was first published in 1999. Their book had an enormous impact on me. It was extremely well written and provided fascinating insights into the newly emerging field of behavioral finance. The authors explained why even the smartest people make foolish mistakes. I am certain that every reader experienced what I did, see themselves in the examples and stories provided.By Larry
Among the many mistakes the book covers are playing with the house's money, mental accounting (treating the same situation in different ways), confusing something that is familiar with something that is safe, believing in hot hands, herding, the endowment effect, loss aversion, and, of course, overconfidence.
The book triggered a desire to learn everything I could about the field. Eventually I wrote my own book on investor behavior, Rational Investing In Irrational Times: How to Avoid the Costly Mistakes Even Smart People Make (2002).
Fortunately, Belsky and Gilovich have revised and updated their book. Like its predecessor it's a great introduction to the field of behavioral finance. It's both highly readable and entertaining. The book is filled with fresh insights and each chapter contains practical advice on how to avoid the serious errors that most of us make simply because we are human beings. I view it as a must read for not only investors, but also those interested in human behavior.
For those interested in this fascinating field I would also recommend Jason Zweig's Your Money and Your Brain, Daniel Ariely's Predictably Irrational, and Hersh Shefrin's Beyond Greed and Fear.
Belsky and Gilovich give a great summary of the short history of the field of behavioral finance. More importantly, they present straightforward, thought-provoking suggestions about how to avoid making common financial mistakes. Much of economic theory is built upon the assumption that human beings are fundamentally rational actors, but this book shows that the idea that we act rationally and consistently in our best interest is just not true. I saw how contradictory and incongruous my own actions are in many areas of my financial life, especially with regard to investments, and I know that reading this book will make me more aware of preventing emotions like anxiety, pride, greed, and fear get in the way of making good decisions. This book is a must read not just for anyone who is an investor, but for everyone who takes part in our economic society (i.e. everyone). Read this book!By B. Sprague
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