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The Psychology of Investing / Edition 5
     

The Psychology of Investing / Edition 5

5.0 1
by John Nofsinger
 

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ISBN-10: 0132994895

ISBN-13: 9780132994897

Pub. Date: 01/12/2013

Publisher: Taylor & Francis

A supplement for undergraduate and graduate Investments courses.

See the decision-making process behind investments.

The Psychology of Investing is the first text of its kind to delve into the fascinating subject of how psychology affects investing. Its unique coverage describes how investors actually behave, the reasons and causes of that behavior,

Overview

A supplement for undergraduate and graduate Investments courses.

See the decision-making process behind investments.

The Psychology of Investing is the first text of its kind to delve into the fascinating subject of how psychology affects investing. Its unique coverage describes how investors actually behave, the reasons and causes of that behavior, why the behavior hurts their wealth, and what they can do about it.

Features:

What really moves the market: Understanding the psychological aspects.

Traditional finance texts focus on developing the tools that investors use for calculating risk and return. The Psychology of Investing is one of the first texts to delve into how psychology affects investing rather than solely focusing on traditional financial theory. This text’s material, however, does not replace traditional investment textbooks but complements them, helping students become better informed investors who understand what motivates the market.

Keep learning consistent: Most of the chapters are organized in a similar succession.

This approach adheres to following order:
-A psychological bias is described and illustrated with everyday behavior
-The effect of the bias on investment decisions is explained
-Academic studies are used to show why investors need to remedy the problem

Growing with the subject matter: Current and fresh information.

Because data on investor psychology is rapidly increasing, the fifth edition contains many new additions to keep students up-to-date.
The new Chapter 12: Psychology in the Mortgage Crisis describes the psychology involved in the mortgage industry and ensuing financial crisis.
New sections and sub-sections include “Buying Back Stock Previously Sold”, “Who Is Overconfident,” "Nature or Nurture?”, "Preferred Risk Habitat," "Market Impacts," "Language," and “Reference Point Adaptation.”

Product Details

ISBN-13:
9780132994897
Publisher:
Taylor & Francis
Publication date:
01/12/2013
Edition description:
New Edition
Pages:
160
Sales rank:
422,359
Product dimensions:
7.40(w) x 9.00(h) x 0.40(d)

Table of Contents

1. Psychology and Finance 2. Overconfidence 3. Pride and Regret 4. Risk Perceptions 5. Decision Frames 6. Mental Accounting 7. Forming Portfolios 8. Representativeness and Familiarity 9. Social Interaction and Investing 10. Emotion and Investment Decisions 11. Self-Control and Decision Making 12. Psychology in the Mortgage Crisis

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The Psychology of Investing 5 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago