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The book that applies behavioral finance to the real world
Understanding 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 decisions that serve their best interests. The reality? That's easier said than done. In the Second Edition of Behavioral Finance and Wealth Management, Michael Pompian takes a practical approach to the growing science of behavioral finance, and puts it to use for real investors. He applies knowledge of 20 of the most prominent individual investor biases into "behaviorally-modified" asset allocation decisions. Offering investors and financial advisors a "self-help" book, Pompian shows how to create investment strategies that leverage the latest cutting edge research into behavioral biases of individual investors. This book:
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Shows investors and financial advisors how to either moderate or adapt to behavioral biases, in order to improve investment results and identifies "the best practical allocation" for investment portfolios. Using these two sound approaches for guiding investment decision-making, behavioral biases are incorporated into the portfolio management process
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Uses updated cases studies to show investors and financial advisors how an investor's behavior can be modified to improve investment decision-making
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Provides useable methods for creating behaviorally modified investment portfolios, which may help investors to reach their long term financial goals
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Heightens awareness of biases so that financial decisions and resulting economic outcomes are improved
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Offers advice on managing the effects of each bias in order to improve investment results
This Second Edition illustrates investors' behavioral biases in detail and offers financial advisors and their clients practical advice about how to apply the science of behavioral finance to improve overall investment decision making. |
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 Inside XSLTSteve Holzner,award-winning author of the best-selling Inside XML,brings you a comprehensive and easy-to-understand resource on XSLT. Not only will you master the XSLT 1.0 Recommendation, the XSLT 1.1 Working Draft, and the XSLT 2.0 Requirements, you also get coverage of related specifications... | | Organize Your Life: Free Yourself from Clutter and Find More Personal TimeTime—don’t we all wish we had more of it! I don’t need to tell you that twenty-four hours per day is all we get. The trick is to make the most of our time. You really do have time for what you need and want to do. You just need to start setting priorities.
Most of my clients find that they are so overwhelmed by all the... | | Psychology and Law: Truthfulness, Accuracy and Credibility
How can psychology inform law and policing to help determine the accuracy of witnesses, victims and suspects?
This second edition of Psychology and Law: Truthfulness, Accuracy and Credibility is a substantially revised and exhaustive review of forensic research to do with credibility and the accuracy of evidence.
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