Behavioral Finance

Written by Jim Colajuta

Narrated by Jim Chapel

For a good reason, the era we live in is dubbed the "Information Age." People have never had such rapid and simple access to so much information. The availability of so much information may appear useful to us in becoming informed and making good decisions. Still, the availability of so much information does not necessarily make us knowledgeable.
In recent years, finance has witnessed the birth of a new way of thinking about financial decision-making that considers the investor's psychology — heuristics, biases, emotions, fears, and fallacies – to make sense of investor decision-making. Behavioral finance is a relatively recent area that has entered the debate as an alternative method to working with emotion and decision-making. It defects our understanding of how they inhibit us from reaching optimal investment outcomes and how they may be performed to optimize the results.

• Language: English
• Publisher: Author's Republic
• Release date: Apr 26, 2022
• ISBN: 9781667986043

Reviews for Behavioral Finance

[Anthony Yap · Rating: 5 out of 5 stars]

Psychology or the study of human behavior is a field of science that is, perhaps, one of the most difficult to understand. Unlike math, there's nothing constant in this field. It's very dynamic and continously evolving both at the individual's level and that of the society's. Understanding behavioral finance would certainly lead to a higher degree of success in business, investments and other similar endeavor.

[seekyourpeak · Rating: 5 out of 5 stars]

Read this book to understand behavioral biases in investing to save you from losing money