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Behavioral Finance and Wealth Management : How to Build Optimal Portfolios That Account for Investor Biases.
The book that applies behavioral finance to the real worldUnderstanding how to use behavioral finance theory in investing is a hot topic these days. Nobel laureate Daniel Kahneman has described financial advising as a prescriptive activity whose main objective should be to guide investors to make de...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
John Wiley & Sons,
2012.
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| Edición: | 2nd ed. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Behavioral Finance and Wealth Management; Preface; Acknowledgments; PART ONE Introduction to Behavioral Finance; CHAPTER 1 What Is Behavioral Finance?; Behavioral Finance: The Big Picture; Standard Finance versus Behavioral Finance; The Role of Behavioral Finance with Private Clients; How Practical Application of Behavioral Finance Can Create a Successful Advisory Relationship; Notes; CHAPTER 2 The History of Behavioral Finance Micro; Historical Perspective on the Link between Psychology and Economics; Modern Behavioral Finance; Psychographic Models Used in Behavioral Finance; Notes.
- CHAPTER 3 Introduction to Behavioral BiasesIntroduction; Behavioral Biases Defined; Why Understanding and Identifying Behavioral Biases Is Important; Categorization of Behavioral Biases; Differences between Cognitive and Emotional Biases; Difference among Cognitive Biases; Emotional Biases; A Final Word on Biases; Summary of Part One; PART TWO Belief Perseverance Biases Defined and Illustrated; CHAPTER 4 Cognitive Dissonance Bias; Bias Description; Practical Application; Research Review; Diagnostic Testing; Advice; Conclusion; Notes; CHAPTER 5 Conservatism Bias; Bias Description.
- Practical ApplicationResearch Review; Diagnostic Testing; Advice; Notes; CHAPTER 6 Confirmation Bias; Bias Description; Practical Application; Research Review; Diagnostic Testing; Advice; Notes; CHAPTER 7 Representativeness Bias; Bias Description; Practical Application; Research Review; Diagnostic Testing; Advice; Notes; CHAPTER 8 Illusion of Control Bias; Bias Description; Practical Application; Research Review; Diagnostic Testing; Advice; Final Thought; Notes; CHAPTER 9 Hindsight Bias; Bias Description; Practical Application; Research Review; Diagnostic Testing; Advice; Notes.
- PART THREE Information Processing Biases Defined and IllustratedOverview of the Structure of Chapters 10 through 16; CHAPTER 10 Mental Accounting Bias; Bias Description; Practical Application; Research Review; Diagnostic Testing; Advice; The Behavioral Finance Approach to Asset Allocation based on Mental Accounting; Notes; CHAPTER 11 Anchoring and Adjustment Bias; Bias Description; Practical Application; Research Review; Diagnostic Testing; Advice; Bonus Discussion: Investment Strategies that Leverage Anchoring and Adjustment Bias; Notes; CHAPTER 12 Framing Bias; Bias Description.
- Practical ApplicationResearch Review; Diagnostic Testing; Advice; Notes; CHAPTER 13 Availability Bias; Bias Description; Practical Application; Research Review; Diagnostic Test; Advice; Notes; CHAPTER 14 Self-Attribution Bias; Bias Description; Practical Application; Research Review; Diagnostic Testing; Advice; Notes; CHAPTER 15 Outcome Bias; Bias Description; Diagnostic; Notes; CHAPTER 16 Recency Bias; Bias Description; Practical Application; Research Review; Diagnostic Testing; Advice; Notes; PART FOUR Emotional Biases Defined and Illustrated; CHAPTER 17 Loss Aversion Bias; Bias Description.