Investing Psychology : The Effects of Behavioral Finance on Investment Choice and Bias.
Tim. Richards
Bok Engelsk 2014 · Electronic books.
| Omfang | 1 online resource (259 pages)
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| Utgave | 1st ed.
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| Opplysninger | Intro -- Investing Psychology -- Contents -- Preface -- Chapter 1 Sensory Finance -- Beating the Bias Blind Spot -- Illusory Pattern Recognition -- Superstitious Pigeons-and Investors -- The Super Bowl Effect: If It Looks Too Good to Be True, It Is -- Your Financial Horoscope: Forecasting and the Barnum Effect -- Uncertainty: The Unknown Unknowns -- Illusion of Control -- Stocks Aren't Snakes -- Herding -- Salience -- Availability -- Assuming the Serial Position -- Hot Hands -- Financial Memory Syndrome -- Attention! -- The Problem with Linda -- Representation -- The Seven Key Takeaways -- Notes -- Chapter 2 Self-Image and Self-Worth -- The Introspection Illusion -- Blind Spot Bias, Revisited -- Rose-Colored Investing -- Past and Present Failures -- Depressed but Wealthy -- Disposed to Lose Money -- Loss Aversion -- Anchored -- Two Strangers -- Hindsight's Not So Wonderful -- Deferral to Authority -- Emotion -- Black Swans -- Dirty Money, Mental Accounting -- A Faint Whisper of Emotion -- Psychologically Numbed -- Martha Stewart's Biases -- Retrospective -- Annual Returns -- Nudged -- Mindfulness -- Be Preoccupied with Failure -- Do Not Simplify Interpretations -- Be Sensitive to Odd Events -- Be Resilient -- Don't Get Too Clever -- The Seven Key Takeaways -- Notes -- Chapter 3 Situational Finance -- Disposition vs. Situation -- Beauty Is in the Eye of the Investor -- Angels or Demons? -- Merely Familiar -- Lemming Time -- Story Time -- Wise Crowds? -- Adaptive Markets -- George Soros's Reflexivity -- Grow Old Quickly -- Speaking Ill -- The Power of Persuasion -- SAD Investors -- Sell in May . . . -- The Mystery of the Vanishing Anomalies -- Tweet and Invest -- Fire! -- The Rise of the Machines -- The Seven Key Takeaways -- Notes -- Chapter 4 Social Finance -- Conform-or Die -- Groupthink -- Motivated Reasoning -- Polarized.. - A Personal Mission Statement: Social Identity and Beyond -- Gaming the System -- You've Been Framed -- Behavioral Portfolios -- Dividend Dilemmas -- The Language of Lucre -- Embedded Investing -- Financial Theory of Mind -- Trust Me, Reciprocally . . . -- Akerlof's Lemons -- The Peacock's Tail -- Facebooked -- Be Kind to an Old Person -- The Seven Key Takeaways -- Notes -- Chapter 5 Professional Bias -- Mutual Fund Madness -- Is Passive Persuasive? -- Losing to the Dark Side -- Forecasting-The Butterfly Effect -- Forecaster Bias -- Feminine Finance -- Trading on a High -- Marriage and Money -- Muddled Modelers -- CEO Pay-Because They're Worth It? -- Corporate Madness -- Buyback Brouhaha -- Oh No, IPO -- Your 6 Percent Self-Inflicted Trading Tax -- Expert Opinion? -- Avoid the Sharpshooters -- The Seven Key Takeaways -- Notes -- Chapter 6 Debiasing -- Numbers, Numbers, Numbers -- Losing Momentum -- Mean Reversion -- Short Shift -- Diworsification -- Disconfirm, Disconfirm -- Reverse Polarization -- Expected Value -- Investing in the Rearview Mirror -- Living with Uncertainty -- Sunk by the Titanic Effect -- Changing Your Mind -- Love Your Kids, Not Your Stocks -- Cognitive Repairs -- Satisficing -- The Seven Key Takeaways -- Notes -- Chapter 7 Good Enough Investing -- #1: The Rule of Seven -- #2: Homo Sapiens, Tool Maker -- #3: Meta-Methods -- #4: Be Skeptical -- #5: Don't Trust Yourself -- #6: Self-Control Is Key -- #7: Get Feedback -- A Behavioral Investing Framework -- Step #1: Making It Personal -- Step #2: Build an Investing Checklist -- Step #3: Write It Down -- Step #4: Diarize Reviews -- Step #5: Get Feedback -- Step #6: Do Autopsies -- Step #7: Update Adaptively -- The Worst Offenders -- Tools -- The Mechanics of Investing -- The Seven Key Takeaways -- Notes -- Chapter 8 A Few Myths More -- Myth 1: Money Makes Us Happy.. - Myth 2: Everyone Can Be a Good Investor -- Myth 3: Numbers Don't Matter -- Myth 4: Financial Education Can Make You a Good Investor -- Myth 5: I Won't Panic -- Myth 6: Debt Doesn't Matter -- Myth 7: I Can Get 7 Percent a Year from Markets -- Myth 8: Infl ation Doesn't Matter -- Myth 9: Everyone Has Some Good Investing Ideas, Sometime -- Myth 10: I Don't Need to Track My Results -- The Seven Key Takeaways -- Notes -- Chapter 9 The Final Roundup -- Notes -- About the Companion Website -- About the Author -- Index -- EULA.. - Discover how to remove behavioral bias from your investment decisions For many financial professionals and individual investors, behavioral bias is the largest single factor behind poor investment decisions. The same instincts that our brains employ to keep us alive all too often work against us in the world of finance and investments. Investing Psychology + Website explores several different types of behavioral bias, which pulls back the curtain on any illusions you have about yourself and your investing abilities. This practical investment guide explains that conventional financial wisdom is often nothing more than myth, and provides a detailed roadmap for overcoming behavioral bias. Offers an overview of how our brain perceives realities of the financial world at large and how human nature impacts even our most basic financial decisions Explores several different types of behavioral bias, which pulls back the curtain on any illusions you have about yourself and your investing abilities Provides real-world advice, including: Don't compete with institutions, always track your results, and don't trade when you're emotional, tired, or hungry Investing Psychology is a unique book that shows readers how to dig deeper and persistently question everything in the financial world around them, including the incorrect investment decisions that human nature all too often compels us to make.
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| Emner | |
| Sjanger | |
| Dewey | |
| ISBN | 9781118722503
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