Psychological Perspectives on Financial Decision Making

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Author :
Publisher : Springer Nature
ISBN 13 : 3030455009
Total Pages : 367 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Psychological Perspectives on Financial Decision Making by : Tomasz Zaleskiewicz

Download or read book Psychological Perspectives on Financial Decision Making written by Tomasz Zaleskiewicz and published by Springer Nature. This book was released on 2020-07-21 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the latest research from psychology, neuroscience, and behavioral economics evaluating how people make financial choices in real-life circumstances. The volume is divided into three sections investigating financial decision making at the level of the brain, the level of an individual decision maker, and the level of the society, concluding with a discussion of the implications for further research. Among the topics discussed: Neural and hormonal bases of financial decision making Personality, cognitive abilities, emotions, and financial decisions Aging and financial decision making Coping methods for making financial choices under uncertainty Stock market crashes and market bubbles Psychological perspectives on borrowing, paying taxes, gambling, and charitable giving Psychological Perspectives on Financial Decision Making is a useful reference for researchers both in and outside of psychology, including decision-making experts, consumer psychologists, and behavioral economists.

Judgment and Decision Making

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Publisher : John Wiley & Sons
ISBN 13 : 1405123982
Total Pages : 246 pages
Book Rating : 4.4/5 (51 download)

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Book Synopsis Judgment and Decision Making by : David Hardman

Download or read book Judgment and Decision Making written by David Hardman and published by John Wiley & Sons. This book was released on 2009-02-09 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Judgment and Decision Making is a refreshingly accessible text that explores the wide variety of ways people make judgments. An accessible examination of the wide variety of ways people make judgments Features up-to-date theoretical coverage, including perspectives from evolutionary psychology and neuroscience Covers dynamic decision making, everyday decision making, individual differences, group decision making, and the nature of mind and brain in relation to judgment and decision making Illustrates key concepts with boxed case studies and cartoons

The Emotional Economy: A Psychological Perspective on Financial Decision-Making

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Author :
Publisher : Genalin Jimenez
ISBN 13 :
Total Pages : 81 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Emotional Economy: A Psychological Perspective on Financial Decision-Making by : Genalin Jimenez

Download or read book The Emotional Economy: A Psychological Perspective on Financial Decision-Making written by Genalin Jimenez and published by Genalin Jimenez. This book was released on with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's interconnected world, financial decision-making has become increasingly complex. Economic factors and rational analysis alone no longer provide a complete picture when it comes to understanding how individuals make financial choices. Instead, emotions play a significant role in shaping our financial decisions. This eBook delves into the fascinating field of behavioral economics to explore the various ways in which emotions impact our financial choices and provide valuable insights into managing our personal and business finances. Let's explore the captivating world of the emotional economy and uncover the psychological mechanisms influencing our financial decision-making process. "The Emotional Economy: A Psychological Perspective on Financial Decision-Making," offers a comprehensive exploration of how emotions shape our financial choices. By understanding the psychological mechanisms at play, individuals and businesses can make more informed decisions, avoid common pitfalls, and improve financial outcomes. Whether you are a novice investor, a seasoned business owner, or simply want to gain a deeper understanding of the emotional aspects of financial decision-making, this eBook is a valuable resource. Embrace the emotional economy, harness the power of emotions, and embark on a journey toward financial well-being and success.

Time and Decision

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Author :
Publisher : Russell Sage Foundation
ISBN 13 : 1610443667
Total Pages : 584 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis Time and Decision by : George Loewenstein

Download or read book Time and Decision written by George Loewenstein and published by Russell Sage Foundation. This book was released on 2003-02-27 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do people decide whether to sacrifice now for a future reward or to enjoy themselves in the present? Do the future gains of putting money in a pension fund outweigh going to Hawaii for New Year's Eve? Why does a person's self-discipline one day often give way to impulsive behavior the next? Time and Decision takes up these questions with a comprehensive collection of new research on intertemporal choice, examining how people face the problem of deciding over time. Economists approach intertemporal choice by means of a model in which people discount the value of future events at a constant rate. A vacation two years from now is worth less to most people than a vacation next week. Psychologists, on the other hand, have focused on the cognitive and emotional underpinnings of intertemporal choice. Time and Decision draws from both disciplinary approaches to provide a comprehensive picture of the various layers of choice involved. Shane Frederick, George Loewenstein, and Ted O'Donoghue introduce the volume with an overview of the research on time discounting and focus on how people actually discount the future compared to the standard economic model. Alex Kacelnik discusses the crucial role that the ability to delay gratification must have played in evolution. Walter Mischel and colleagues review classic research showing that four year olds who are able to delay gratification subsequently grow up to perform better in college than their counterparts who chose instant gratification. The book also delves into the neurobiology of patience, examining the brain structures involved in the ability to withstand an impulse. Turning to the issue of self-control, Klaus Wertenbroch examines the relationship between consumption and available resources, showing, for example, how a high credit limit can lead people to overspend. Ted O'Donoghue and Matthew Rabin show how people's awareness of their self-control problems affects their decision-making. The final section of the book examines intertemporal choice with regard to health, drug addiction, dieting, marketing, savings, and public policy. All of us make important decisions every day-many of which profoundly affect the quality of our lives. Time and Decision provides a fascinating look at the complex factors involved in how and why we make our choices, so many of them short-sighted, and helps us understand more precisely this crucial human frailty.

Investor Behavior

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118492986
Total Pages : 645 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis Investor Behavior by : H. Kent Baker

Download or read book Investor Behavior written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2014-02-10 with total page 645 pages. Available in PDF, EPUB and Kindle. Book excerpt: WINNER, Business: Personal Finance/Investing, 2015 USA Best Book Awards FINALIST, Business: Reference, 2015 USA Best Book Awards Investor Behavior provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of investment research. The book should also be of interest to academics, investors, and students. The book will cover the major principles of investor psychology, including heuristics, bounded rationality, regret theory, mental accounting, framing, prospect theory, and loss aversion. Specific sections of the book will delve into the role of personality traits, financial therapy, retirement planning, financial coaching, and emotions in investment decisions. Other topics covered include risk perception and tolerance, asset allocation decisions under inertia and inattention bias; evidenced based financial planning, motivation and satisfaction, behavioral investment management, and neurofinance. Contributions will delve into the behavioral underpinnings of various trading and investment topics including trader psychology, stock momentum, earnings surprises, and anomalies. The final chapters of the book examine new research on socially responsible investing, mutual funds, and real estate investing from a behavioral perspective. Empirical evidence and current literature about each type of investment issue are featured. Cited research studies are presented in a straightforward manner focusing on the comprehension of study findings, rather than on the details of mathematical frameworks.

The Psychology of Money

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Author :
Publisher : Harriman House Limited
ISBN 13 : 085719769X
Total Pages : 209 pages
Book Rating : 4.8/5 (571 download)

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Book Synopsis The Psychology of Money by : Morgan Housel

Download or read book The Psychology of Money written by Morgan Housel and published by Harriman House Limited. This book was released on 2020-09-08 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

Handbook of Finance

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Author :
Publisher :
ISBN 13 : 9780470404324
Total Pages : pages
Book Rating : 4.4/5 (43 download)

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Book Synopsis Handbook of Finance by : Frank J. Fabozzi

Download or read book Handbook of Finance written by Frank J. Fabozzi and published by . This book was released on 2008-10-06 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Handbook of Finance is a comprehensive 3-Volume Set that covers both established and cutting-edge theories and developments in finance and investing. Edited by Frank Fabozzi, this set includes valuable insights from global financial experts as well as academics with extensive experience in this field. Organized by topic, this comprehensive resource contains complete coverage of essential issues—from portfolio construction and risk management to fixed income securities and foreign exchange—and provides readers with a balanced understanding of today’s dynamic world of finance. A brief look at each volume: Volume I: Financial Markets and Instruments skillfully covers the general characteristics of different asset classes, derivative instruments, the markets in which financial instruments trade, and the players in those markets. Volume II: Investment Management and Financial Management focuses on the theories, decisions, and implementations aspects associated with both financial management and investment management. Volume III Valuation, Financial Modeling, and Quantitative Tools contains the most comprehensive coverage of the analytical tools, risk measurement methods, and valuation techniques currently used in the field of finance."

Emerging Perspectives on Financial Well-Being

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Author :
Publisher : IGI Global
ISBN 13 :
Total Pages : 357 pages
Book Rating : 4.3/5 (693 download)

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Book Synopsis Emerging Perspectives on Financial Well-Being by : Singh, Dharmendra

Download or read book Emerging Perspectives on Financial Well-Being written by Singh, Dharmendra and published by IGI Global. This book was released on 2024-05-20 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pursuit of financial well-being has become an increasingly complex challenge for individuals and societies alike. The subjective nature of financial well-being, shaped by diverse aspirations, values, and external circumstances, underscores the need for a nuanced exploration of the factors influencing it. In this context, the book Emerging Perspectives on Financial Well-Being takes center stage as a beacon of understanding, delving into the multifaceted dimensions of financial wellness. Within the pages of this volume, the critical issues surrounding financial well-being are dissected, addressing the need for financial education, disciplined management, and goal setting amidst an ever-changing economic backdrop. The book recognizes that sound financial decision-making is not only crucial for individual satisfaction but also carries far-reaching implications for the broader societal and organizational framework. As we navigate uncertain times, the importance of adequate financial knowledge and planning skills comes to the forefront. This book stands as a response to the complexities within the financial system, aiming to establish a structural determinants framework that broadens our comprehension of financial well-being. This book guides readers through the complexities of financial well-being. It offers valuable insights for academic scholars, researchers, and practitioners seeking to enhance their understanding and contribute to the ongoing discourse on achieving financial prosperity in today's dynamic world.

Economic Psychology

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Publisher : John Wiley & Sons
ISBN 13 : 1118926390
Total Pages : 651 pages
Book Rating : 4.1/5 (189 download)

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Book Synopsis Economic Psychology by : Rob Ranyard

Download or read book Economic Psychology written by Rob Ranyard and published by John Wiley & Sons. This book was released on 2017-06-22 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of contemporary economic psychology Economic Psychology presents an accessible overview of contemporary economic psychology. The science of economic mental life and behavior is increasingly relevant as people are expected to take more responsibility for their household and personal economic decisions. The text will, in addition to reviewing current knowledge on each topic presented, consider the practical and policy implications for supporting economic decision making. Economic Psychology examines the central aspects of adult decision making in everyday life and includes the theories of economic decision making based on risk, value and affect, and theories of intertemporal choice. The text reviews the nature and behavioral consequences of economic mental representations about such things as material possessions, money and the economy. The editor Robert Ranyard—a noted expert on economic psychology—presents a life-span developmental approach, from childhood to old age. He also reviews the important societal issues such as charitable giving and economic sustainability. This vital resource: Reviews the economic psychology in everyday life including financial behaviour such as saving and tax-paying and matters such as entrepreneurial activity Offers an introduction to the field and traces the emergence of the discipline, from Adam Smith to George Katona and Herbert Simon Includes information on societal issues such as charitable giving and pro-environmental behaviour Considers broader perspectives on economic psychology: life-span psychological development from childhood to old age Written for students of psychology, Economic Psychology reviews the most important information on contemporary economic psychology with a focus on individual and household economic decision making, ranging widely across financial matters such as borrowing and saving, and economic activities such as buying, trading, and working.

Animal Spirits

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Author :
Publisher : Princeton University Press
ISBN 13 : 1400834724
Total Pages : 261 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Animal Spirits by : George A. Akerlof

Download or read book Animal Spirits written by George A. Akerlof and published by Princeton University Press. This book was released on 2010-02-01 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: From acclaimed economists George Akerlof and Robert Shiller, the case for why government is needed to restore confidence in the economy The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government—simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life—such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes—and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them. Animal Spirits offers a road map for reversing the financial misfortunes besetting us today. Read it and learn how leaders can channel animal spirits—the powerful forces of human psychology that are afoot in the world economy today. In a new preface, they describe why our economic troubles may linger for some time—unless we are prepared to take further, decisive action.

The Psychological Science of Money

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Author :
Publisher : Springer
ISBN 13 : 1493909592
Total Pages : 267 pages
Book Rating : 4.4/5 (939 download)

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Book Synopsis The Psychological Science of Money by : Erik Bijleveld

Download or read book The Psychological Science of Money written by Erik Bijleveld and published by Springer. This book was released on 2014-07-10 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Money. The root of all evil? Arguably. Essential to our lives? Certainly. A main driver of human thought, emotion, and action? Absolutely--and psychology and its related fields are getting closer to understanding its complex role in human behavior and in society. The Psychological Science of Money brings together classic and current findings on the myriad ways money affects brain, mind, and behavior to satisfy not only our needs for material gain, but also for autonomy and self-worth. Leading experts trace the links between early concepts of value and modern symbolic meanings of wealth, in addition to identifying the areas of the human brain that together act as its financial center. This cross-disciplinary analysis helps clarify the neuroscience behind pathological gambling, the critical role of time in financial decisions, and the impact of money on diverse personal activities and interpersonal relationships. Included in the coverage: Materiality, symbol, and complexity in the anthropology of money. The (relative and absolute) subjective value of money. Conscious and unconscious influences of money: two sides of the same coin? A life-course approach to dealing with monetary gains and losses Motivation and cognitive control: beyond monetary incentives. An integrative perspective on the science of getting paid. The psychological science of spending. The unique role of money in society makes The Psychological Science of Money a singularly fascinating resource with a wide audience among social psychologists, industrial and organizational psychologists, economists, sociologists, anthropologists, and public policymakers.

Coronavirus Disease (COVID-19): Psychological Reactions to the Pandemic

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Author :
Publisher : Frontiers Media SA
ISBN 13 : 2889715027
Total Pages : 811 pages
Book Rating : 4.8/5 (897 download)

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Book Synopsis Coronavirus Disease (COVID-19): Psychological Reactions to the Pandemic by : Joanna Sokolowska

Download or read book Coronavirus Disease (COVID-19): Psychological Reactions to the Pandemic written by Joanna Sokolowska and published by Frontiers Media SA. This book was released on 2021-10-14 with total page 811 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Behavior

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Author :
Publisher : Oxford University Press
ISBN 13 : 0190270012
Total Pages : 681 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis Financial Behavior by : H. Kent Baker

Download or read book Financial Behavior written by H. Kent Baker and published by Oxford University Press. This book was released on 2017-05-02 with total page 681 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Behavior: Players, Services, Products, and Markets provides a synthesis of the theoretical and empirical literature on the financial behavior of major stakeholders, financial services, investment products, and financial markets. The book offers a different way of looking at financial and emotional well-being and processing beliefs, emotions, and behaviors related to money. The book provides important insights about cognitive and emotional biases that influence various financial decision-makers, services, products, and markets. With diverse concepts and topics, the book brings together noted scholars and practitioners so readers can gain an in-depth understanding about this topic from experts from around the world. In today's financial setting, the discipline of behavioral finance is an ever-changing area that continues to evolve at a rapid pace. This book takes readers through the core topics and issues as well as the latest trends, cutting-edge research developments, and real-world situations. Additionally, discussion of research on various cognitive and emotional issues is covered throughout the book. Thus, this volume covers a breadth of content from theoretical to practical, while attempting to offer a useful balance of detailed and user-friendly coverage. Those interested in a broad survey will benefit as will those searching for more in-depth presentations of specific areas within this field of study. As the seventh book in the Financial Markets and Investment Series, Financial Behavior: Players, Services, Products, and Markets offers a fresh looks at the fascinating area of financial behavior.

Family Business on the Couch

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Publisher : John Wiley & Sons
ISBN 13 : 0470687479
Total Pages : 324 pages
Book Rating : 4.4/5 (76 download)

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Book Synopsis Family Business on the Couch by : Manfred F. R. Kets de Vries

Download or read book Family Business on the Couch written by Manfred F. R. Kets de Vries and published by John Wiley & Sons. This book was released on 2010-03-02 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenge faced by family businesses and their stakeholders, is to recognise the issues that they face, understand how to develop strategies to address them and more importantly, to create narratives, or family stories that explain the emotional dimension of the issues to the family. The most intractable family business issues are not the business problems the organisation faces, but the emotional issues that compound them. Applying psychodynamic concepts will help to explain behaviour and will enable the family to prepare for life cycle transitions and other issues that may arise. Here is a new understanding and a broader perspective on the human dynamics of family firms with two complementary frameworks, psychodynamic and family systematic, to help make sense of family-run organisations. Although this book includes a conceptual section, it is first and foremost a practical book about the real world issues faced by business families. The book begins by demonstrating that many years of achievement through generations can be destroyed by the next, if the family fails to address the psychological issues they face. By exploring cases from famous and less well known family businesses across the world, the authors discuss entrepreneurs, the entrepreneurial family and the lifecycles of the individual and the organisation. They go on to show how companies going through change and transition can avoid the pitfalls that endanger both family and company. The authors then apply tools that will help family businesses in transition and offer their analyses and conclusions. Readers should draw their own conclusions from careful examination of the cases, identifying the problems or dilemmas faced and the options for improved business performance and family relationships. They should ask what they might have done in the given situation and what new insight into individual or family behaviour each case offers. The goal is to avoid a bitter ending.

Thinking, Fast and Slow

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Author :
Publisher : Farrar, Straus and Giroux
ISBN 13 : 1429969350
Total Pages : 511 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis Thinking, Fast and Slow by : Daniel Kahneman

Download or read book Thinking, Fast and Slow written by Daniel Kahneman and published by Farrar, Straus and Giroux. This book was released on 2011-10-25 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: *Major New York Times Bestseller *More than 2.6 million copies sold *One of The New York Times Book Review's ten best books of the year *Selected by The Wall Street Journal as one of the best nonfiction books of the year *Presidential Medal of Freedom Recipient *Daniel Kahneman's work with Amos Tversky is the subject of Michael Lewis's best-selling The Undoing Project: A Friendship That Changed Our Minds In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, world-famous psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems shape our judgments and decisions. Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Topping bestseller lists for almost ten years, Thinking, Fast and Slow is a contemporary classic, an essential book that has changed the lives of millions of readers.

Risk Tolerance in Financial Decision Making

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Author :
Publisher : Springer
ISBN 13 : 023030382X
Total Pages : 282 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Risk Tolerance in Financial Decision Making by : C. Lucarelli

Download or read book Risk Tolerance in Financial Decision Making written by C. Lucarelli and published by Springer. This book was released on 2010-12-03 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds light on the emotional side of risk taking behaviour using an innovative cross-disciplinary approach, mixing financial competences with psychology and affective neuroscience. In doing so, it shows the implications for market participants and regulators in terms of transparency and communication between intermediaries and customers.

Unleash Financial Mastery in 2024

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Author :
Publisher : epubli
ISBN 13 : 3759885853
Total Pages : 337 pages
Book Rating : 4.7/5 (598 download)

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Book Synopsis Unleash Financial Mastery in 2024 by : Azhar ul Haque Sario

Download or read book Unleash Financial Mastery in 2024 written by Azhar ul Haque Sario and published by epubli. This book was released on 2024-10-03 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tired of feeling lost in the financial wilderness? Ready to ditch those get-rich-quick schemes and embrace lasting financial wisdom? Unleash Financial Mastery in 2024 is your trusty map and compass, guiding you through the twists and turns of the money world. This isn't your grandpa's finance book. We're talking about building a future where everyone has a seat at the financial table, where investments heal the planet instead of harming it. We'll dive headfirst into the psychology of money – because let's face it, our brains can be our own worst enemy when it comes to cash. Ever heard of FinTech? It's not just a buzzword, it's a revolution. This book reveals how technology is shaking up the financial world and putting power back in your hands. But knowledge is power, right? That's why we're arming you with the financial know-how to make smart choices, dodge those debt traps, and build a future you're excited about. Think finance is just for suits on Wall Street? Think again. We're pulling back the curtain on how businesses make their money magic happen, how markets dance to the tune of supply and demand, and how the rules of the game keep things (mostly) fair. We'll even journey into the world of microloans, where small sums of money spark big changes in communities that need it most. But this isn't just about theory – it's about YOU. We'll map out a personalized path to financial success, whether you're dreaming of early retirement, starting a business, or just making ends meet without the stress sweats.