Ebook500 pages9 hours
Mean Markets and Lizard Brains: How to Profit from the New Science of Irrationality
Rating: 3.5 out of 5 stars
3.5/5
()
About this ebook
Everyone from journalists to market pros are turning to behavioral finance to explain, analyze, and predict market direction. In contrast to old-school assumptions of cool-headed rationality, the new behavioral school embraces hot-blooded human irrationality as a core feature of both individuals and financial markets. The 2002 Nobel Prize in Economics was awarded to scholars of this new scientific approach to irrationality. In Mean Markets and Lizard Brains, Terry Burnham, an economist who has a proven ability to translate complex topics into everyday language, reveals the biological causes of irrationality. The human brain contains ancient structures that exert powerful and often unconscious influences on behavior. This "lizard brain" may have helped our ancestors eat and reproduce, but it wreaks havoc with our finances. Going far beyond cataloguing our financial foibles, Dr. Burnham applies this novel approach to all of today's most important financial topics: the stock market, the economy, real estate, bonds, mortgages, inflation, and savings. This broad and scholarly investigation provides an in-depth look at why manias, panics, and crashes happen, and why people are built to want to buy at irrationally high prices and sell at irrationally low prices. Most importantly, by incorporating the new science of irrationality, readers can position themselves to profit from financial markets that often seem downright mean. Mean Markets and Lizard Brains skillfully identifies the craziness that is part of human nature, helps us see it in ourselves, and then shows us how to profit from a world that doesn't always make sense.
Related to Mean Markets and Lizard Brains
Related ebooks
Just One Thing: Twelve of the World's Best Investors Reveal the One Strategy You Can't Overlook Rating: 3 out of 5 stars3/5Markets Never Forget (But People Do): How Your Memory Is Costing You Money--and Why This Time Isn't Different Rating: 0 out of 5 stars0 ratingsThe Big Trade: Simple Strategies for Maximum Market Returns Rating: 0 out of 5 stars0 ratingsPredicting the Markets: A Professional Autobiography Rating: 0 out of 5 stars0 ratingsThe Big Money: Seven Steps to Picking Great Stocks and Finding Financial Security Rating: 4 out of 5 stars4/5Hyperwave Theory: The Rogue Waves of Financial Markets Rating: 0 out of 5 stars0 ratingsThe Unrules: Man, Machines and the Quest to Master Markets Rating: 0 out of 5 stars0 ratingsThe Future of Finance: A New Model for Banking and Investment Rating: 0 out of 5 stars0 ratingsHow to Beat the Stock Markets Rating: 0 out of 5 stars0 ratingsInside the Currency Market: Mechanics, Valuation and Strategies Rating: 0 out of 5 stars0 ratingsSummary of Hersh Shefrin's Beyond Greed and Fear Rating: 0 out of 5 stars0 ratingsBlind Spots: The Mental Mistakes Investors Make Rating: 0 out of 5 stars0 ratingsExchange Rates, Growth and Crises Rating: 0 out of 5 stars0 ratingsThe Art of the Trade: What I Learned (and Lost) Trading the Chicago Futures Markets Rating: 0 out of 5 stars0 ratingsCognitive Investing: The Key to Making Better Investment Decisions Rating: 0 out of 5 stars0 ratingsThe Wall Street Waltz: 90 Visual Perspectives, Illustrated Lessons From Financial Cycles and Trends Rating: 0 out of 5 stars0 ratingsThe Volatility Smile Rating: 0 out of 5 stars0 ratingsRisk Arbitrage Rating: 0 out of 5 stars0 ratingsBeyond Smart Beta: Index Investment Strategies for Active Portfolio Management Rating: 0 out of 5 stars0 ratingsTrade Like Jesse Livermore Rating: 4 out of 5 stars4/5The Psychology of Risk: Mastering Market Uncertainty Rating: 3 out of 5 stars3/5Gold Value and Gold Prices from 1971 - 2021: An Empirical Model Rating: 0 out of 5 stars0 ratingsQuantum Economics: The New Science of Money Rating: 0 out of 5 stars0 ratingsHow the Trading Floor Really Works Rating: 4 out of 5 stars4/5Investor's Mental Models: Mental Models Series, #3 Rating: 5 out of 5 stars5/5Mind Games in the World of Money: Unveiling the Best Historical Strategies Rating: 0 out of 5 stars0 ratingsCommodity Fundamentals: How To Trade the Precious Metals, Energy, Grain, and Tropical Commodity Markets Rating: 0 out of 5 stars0 ratings
Investments & Securities For You
Stock Market Investing for Beginners & Dummies Rating: 5 out of 5 stars5/5Real Estate by the Numbers: A Complete Reference Guide to Deal Analysis Rating: 0 out of 5 stars0 ratingsA Beginner's Guide To Day Trading Online 2nd Edition Rating: 4 out of 5 stars4/5Girls That Invest: Your Guide to Financial Independence through Shares and Stocks Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Stock Investing For Dummies Rating: 5 out of 5 stars5/5How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5Day Trading For Dummies Rating: 3 out of 5 stars3/5Don't Start a Side Hustle!: Work Less, Earn More, and Live Free Rating: 5 out of 5 stars5/5The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications Rating: 5 out of 5 stars5/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game Rating: 5 out of 5 stars5/5Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties Rating: 5 out of 5 stars5/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5
Reviews for Mean Markets and Lizard Brains
Rating: 3.6 out of 5 stars
3.5/5
5 ratings0 reviews
Book preview
Mean Markets and Lizard Brains - Terry Burnham
DHd book_preview_excerpt.html }ێǵ @mRcA&uk9$e3ʨPge22Xzsb0gS%;"#-f`*##vt٧qvjէ?~ky/ݼz][tbںcuw'klyni|Wc_G<=*Cc3Ϫ]⭯]#};l1VoWۮk8o[W;RʭAnmY\]ONmako}Y}-~pܶAxKEժ]|v7yNCiN8TW~յ.
k/ks]`{?_bu!.DJ&K5Y+NE]V_;PwrFy-PK~߇Z.i=a;(Bnu/+Ynߵ6WأP-˭SW߅\FN"avC
VX[z#U xv
}t?c[X(u=o;\Ҧn W6»r9;90qU{!FK?c7q~ :Yˆ'JyK!QpYden~ڻ6m~e+/tukꋨbw{~Dnx>/kyPCUސG{*{ݲw+N7\,{qEJlJ_˭=.ԗ;9Wc%N85w4\"oNa^-L>,W|%ЇuXW\ܫ PXqBnV_u ?yOSĭpm#"q az$ nƝ$֣|Qh)};P`}7`P˗nl鏝|;^'Ya&6uY
%*Bۈ&VP[s e:KXPCTV+9UƘUlc,`lj]7\
m˭onez\\kInB*w-Jk-TQFl
ZP1e86ÕZĮk{
)/*/H/Ng;%" zJ *αj{l vnhWᲰiu?
h{hFT, ^)]SVJv<Ӊ]j->S_#+r7_e1CO}6ЗO/&EǘY_7סߑ˄/FؔGdx!tP FH}/F۰ %ңDQ
9n%
*n_Z@U7am8fD>#`ļ"V~ 뵐XֈBߏE{u:Fyʍu``Q FN@:e nz'rE֍*DQ,[A
>b?2$#ww؉A]T 65
?ӓQPP$M\ag~˱z.@=T_zQ7U\QEh 6K'
oG>O dTgAn`˟JLR 7_PG+o&L=$
s7N\CC-]%Q=X(p'O>o$~sDOHnD6I <.Z dR2$ITNGۓySaO%_̟vW3Y3U|}h7
WH6#Gc5Hj
cН:/dua
A<̢JaSKYQ
!UE߬/jꩧ1V/ŷ~nT&rJlW'.I