Finance for normal people
Subtitle: how investors and markets behave
By: Meir Statman
Publisher: Oxford University Press
Published: 2017
Language: eng
Number of pages: 471
ISBN-13: 9780190626471
Subjects: Personal Finance; Economics; Psychological aspects
Description: "Behavioral finance is finance for normal people, like you and me. This book is also about transformation from normal-ignorant to normal-knowledgeable, learning the lessons of behavioral finance and applying them to banish ignorance, gain knowledge, and increase the ratio of smart to stupid behavior on our way to what we want. This book offers behavioral finance as a unified structure that incorporates parts of standard finance, replaces others, and includes bridges between theory, evidence, and practice"--
Notes: Includes bibliographical references (pages [345]-430) and indexes.
Table of contents: title: Introduction: What is behavioral finance?; title: Part 1: Behavioral people are normal people; title: Chapter 1: Normal people; title: Chapter 2: Wants for utilitarian, expressive, and emotional benefits; title: Chapter 3: Cognitive shortcuts and errors; title: Chapter 4: Emotional shortcuts and errors; title: Chapter 5: Correcting cognitive and emotional errors; title: Chapter 6: Experienced happiness, life evaluation, and choices: expected-utility theory and prospect theory; title: Chapter 7: Behavioral finance puzzles: the dividend puzzle, the disposition puzzle, and the puzzles of dollar-cost averaging and time diversification; title: Part 2: Behavioral finance in portfolios, life cycles, asset prices, and market efficiency; title: Chapter 8: Behavioral portfolios; title: Chapter 9: Behavioral life cycle of saving and spending; title: Chapter 10: Behavioral asset pricing; title: Chapter 11: Behavioral efficient markets; title: Chapter 12: Lessons of behavioral finance.