Finance for Normal People by Meir Statman

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Finance for Normal People by Meir Statman | 6.82 MB
English | N/A Pages

Title: Finance for Normal People
Author: Meir Statman
Year: 2017​



Description:
Finance for Normal People teaches behavioral finance to people like you and mnormal people, neither rational nor irrational. We are consumers, savers, investors, and managercorporate managers, money managers, financial advisers, and all other financial professionals. The book guides us to know our wants-including hope for riches, protection from poverty, caring for family, sincere social responsibility and high social status. It teaches financial facts and human behavior, including making cognitive and emotional shortcuts and avoiding cognitive and emotional errors such as overconfidence, hindsight, exaggerated fear, and unrealistic hope. And it guides us to banish ignorance, gain knowledge, and increase the ratio of smart to foolish behavior on our way to what we want. These lessons of behavioral finance draw on what we know about us-normal people-including our wants, cognition, and emotions. And they draw on the roles of these factors in saving and spending,...

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