Inside the Investor's Brain

Inside the Investor's Brain
Author: Richard L. Peterson
Publisher: John Wiley & Sons
Total Pages: 473
Release: 2011-01-11
Genre: Business & Economics
ISBN: 1118044800
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Unique insights into how the mind of an investor operates and how developing emotional awareness leads to long-term success Inside the Investor's Brain provides readers with specific techniques for understanding their financial psychology, so that they can improve their own performance and learn how to outsmart other investors. Chapter by chapter, author Richard Peterson addresses various mental traps and how they play a role in investing. Through examples, such as a gambling experiment with playing cards, the author shows readers how being aware of the subconscious can separate the smart investors from the average ones. This book also contains descriptions of the work of neuroscientists, financial practitioners, and psychologists, offering an expert's view into the mind of the market. Innovative and accessible, Inside the Investor's Brain gives investors the tools they need to better understand how emotions and mental biases affect the way they manage money and react to market moves.

NeuroInvesting

NeuroInvesting
Author: Wai-Yee Chen
Publisher: John Wiley & Sons
Total Pages: 240
Release: 2013-07-26
Genre: Business & Economics
ISBN: 111833924X
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Rewire your brain for investing success As an investment advisor to high net worth individuals, Wai-Yee Chen has spent years watching her clients make investment decisions—some good decisions and some not-so-good decisions. Though confronted by the same market variables, those clients often make very different choices with very different results. Here, Chen argues that it's usually not the data that affects investor decision-making as much as the way investors themselves think. In NeuroInvesting, Chen argues that investors can change the way they think in order to change the way they invest. She presents four elements that affect investor decision-making and reveals how investors can rewire their brains to make better investing decisions for better returns. Uses neuroscience to explain how successful investors think different Written by an experienced investment advisor who works at one of Australia's premier retail brokers Explains investing using real-world stories about investors from an advisor's perspective When it comes to investing, how you think has a huge impact on how you make investing decisions. Based on the real science of how people think, NeuroInvesting offers every investor a chance to change the way they invest by changing the way they think.

Your Money and Your Brain

Your Money and Your Brain
Author: Jason Zweig
Publisher: Simon and Schuster
Total Pages: 400
Release: 2007-09-04
Genre: Business & Economics
ISBN: 1416539794
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Drawing on the latest scientific research, Jason Zweig shows what happens in your brain when you think about money and tells investors how to take practical, simple steps to avoid common mistakes and become more successful. What happens inside our brains when we think about money? Quite a lot, actually, and some of it isn’t good for our financial health. In Your Money and Your Brain, Jason Zweig explains why smart people make stupid financial decisions—and what they can do to avoid these mistakes. Zweig, a veteran financial journalist, draws on the latest research in neuroeconomics, a fascinating new discipline that combines psychology, neuroscience, and economics to better understand financial decision making. He shows why we often misunderstand risk and why we tend to be overconfident about our investment decisions. Your Money and Your Brain offers some radical new insights into investing and shows investors how to take control of the battlefield between reason and emotion. Your Money and Your Brain is as entertaining as it is enlightening. In the course of his research, Zweig visited leading neuroscience laboratories and subjected himself to numerous experiments. He blends anecdotes from these experiences with stories about investing mistakes, including confessions of stupidity from some highly successful people. Then he draws lessons and offers original practical steps that investors can take to make wiser decisions. Anyone who has ever looked back on a financial decision and said, “How could I have been so stupid?” will benefit from reading this book.

NeuroInvesting

NeuroInvesting
Author: Wai-Yee Chen
Publisher: John Wiley & Sons
Total Pages: 240
Release: 2013-10-21
Genre: Business & Economics
ISBN: 1118339215
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Rewire your brain for investing success As an investment advisor to high net worth individuals, Wai-Yee Chen has spent years watching her clients make investment decisions—some good decisions and some not-so-good decisions. Though confronted by the same market variables, those clients often make very different choices with very different results. Here, Chen argues that it's usually not the data that affects investor decision-making as much as the way investors themselves think. In NeuroInvesting, Chen argues that investors can change the way they think in order to change the way they invest. She presents four elements that affect investor decision-making and reveals how investors can rewire their brains to make better investing decisions for better returns. Uses neuroscience to explain how successful investors think different Written by an experienced investment advisor who works at one of Australia's premier retail brokers Explains investing using real-world stories about investors from an advisor's perspective When it comes to investing, how you think has a huge impact on how you make investing decisions. Based on the real science of how people think, NeuroInvesting offers every investor a chance to change the way they invest by changing the way they think.

MarketPsych

MarketPsych
Author: Richard L. Peterson
Publisher: John Wiley & Sons
Total Pages: 182
Release: 2010-07-30
Genre: Business & Economics
ISBN: 0470886773
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An investor's guide to understanding the most elusive (yet most important) aspect of successful investing - yourself. Why is it that the investing performance of so many smart people reliably and predictably falls short? The answer is not that they know too little about the markets. In fact, they know too little about themselves. Combining the latest findings from the academic fields of behavioral finance and experimental psychology with the down-and-dirty real-world wisdom of successful investors, Drs. Richard Peterson and Frank Murtha guide both new and experienced investors through the psychological learning process necessary to achieve their financial goals. In an easy and entertaining style that masks the book’s scientific rigor, the authors make complex scientific insights readily understandable and actionable, shattering a number of investing myths along the way. You will gain understanding of your true investing motivations, learn to avoid the unseen forces that subvert your performance, and build your investor identity - the foundation for long-lasting investing success. Replete with humorous games, insightful self-assessments, entertaining exercises, and concrete planning tools, this book goes beyond mere education. MarketPsych: How to Manage Fear and Build Your Investor Identity functions as a psychological outfitter for your unique investing journey, providing the tools, training and equipment to help you navigate the right paths, stay on them, and see your journey through to success.

The Investor's Paradox

The Investor's Paradox
Author: Brian Portnoy
Publisher: Macmillan + ORM
Total Pages: 257
Release: 2014-01-07
Genre: Business & Economics
ISBN: 1137401265
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Investors are in a jam. A troubled global economy, unpredictable markets, and a bewildering number of investment choices create a dangerous landscape for individual and institutional investors alike. To meet this challenge, most of us rely on a portfolio of fund managers to take risk on our behalves. Here, investment expert Brian Portnoy delivers a powerful framework for choosing the right ones – and avoiding the losers. Portnoy reveals that the right answers are found by confronting our own subconscious biases and behavioral quirks. A paradox we all face is the natural desire for more choice in our lives, yet the more we have, the less satisfied we become – whether we're at the grocery store, choosing doctors, or flipping through hundreds of TV channels. So, too, with investing, where there are literally tens of thousands of funds from which to choose. Hence "the investor's paradox": We crave abundant investment choices to conquer volatile markets, yet with greater flexibility, the more overwhelmed and less empowered we become. Leveraging the fresh insights of behavioral economics, Portnoy demystifies the opaque world of elite hedge funds, addresses the limits of mass market mutual funds, and discards the false dichotomy between "traditional" and "alternative" investments. He also explores why hedge funds have recently become such a controversial and disruptive force. Turns out it's not the splashy headlines – spectacular trades, newly minted billionaires, aggressive tactics – but something much more fundamental. The stratospheric rise to prominence and availability of alternative strategies represents a further explosion in the size and complexity of the choice set in a market already saturated with products. It constitutes something we all both crave and detest. The Investor's Paradox lights a path toward simplicity in a world of dangerous markets and overwhelming choice. Written in accessible, jargon-free language, with a healthy skepticism of today's money management industry, it offers not only practical tools for investment success but also a message of empowerment for investors drowning in possibility.

Money Brain

Money Brain
Author: Les Szarka
Publisher:
Total Pages: 460
Release: 2013-09-26
Genre: Finance
ISBN: 9780615891262
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Why don't investors follow the obvious rule of "Buy Low, Sell High"? How can so many investors be wrong at the same time? Why are even experts and professional investors prone to being wrong? The simple answer may be in our heads. In his book, Les Szarka reveals why in stressful times, our subconscious can hijack our investment decisions-leaving us wondering, "What in the world was I thinking"? Using engaging anecdotes, Money Brain walks us through the fascinating world of the investor's subconscious mind, and how we can fall victim to its many traps. Szarka explains how our "duel system" mind can often lead us to make decisions that may feel good at the time, but later prove disastrous. Learning to control the delicate dance between our mind's two conflicting forces, may ultimately determine an individual investor's success or failure. Using his 30-plus years of experience, Szarka offers some simple and effective techniques that investors can immediately put to use to help overcome making impulsive and irrational decisions.

The Investor's Brain

The Investor's Brain
Author: Azhar Ul Haque Sario
Publisher: Finance
Total Pages: 0
Release: 2023-04-19
Genre:
ISBN:
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The book titled " The Investor's Brain: Unravelling the Mysteries of Investing through Neuroscience" offers a comprehensive overview of the role that neuroscience can play in investment decision-making. The author explores the history of the field, including its evolution from traditional finance to behavioral finance, before addressing the value of neuroscience in modern investing. Through detailed examples and case studies, the book illustrates the importance of emotional intelligence and risk management in the investing process. The book begins with an introduction to the concept of emotional intelligence and how it can be applied to investment decision-making. It then explores the relationship between neuroscience and emotional intelligence, highlighting the importance of empathy in investing. The author also explores cognitive biases in investing and their relationship to stress and investment behavior. Throughout the book, the author emphasizes the importance of investment principles and strategies. The book covers popular investment strategies such as diversification and risk management and provides ten applications of neuroscience in investing. The author also discusses the future of neuroscience in investment and highlights the importance of investing fundamentals. The book then delves into the role of psychology in investment decision-making, explaining how emotions can affect investment behavior. The author addresses four common emotions that impact investment behavior, including fear, overconfidence, regret aversion, and herd behavior. The latter part of the book focuses on the practical application of neuroscience research in investment decision-making. The author covers topics such as risk-adjusted returns, portfolio optimization techniques, and the impact of technical analysis on investment decisions. The book concludes with a discussion of risk forecasting and reduction tools and advanced statistical techniques for risk management. Overall, "The Investor's Brain: Unravelling the Mysteries of Investing through Neuroscience " provides a thorough and insightful look into the application of neuroscience in investment decision making. With practical examples and case studies, the book is an invaluable resource for investors looking to better understand the role that emotional intelligence and cognitive biases play in the investing process.

Market Mind Games: A Radical Psychology of Investing, Trading and Risk

Market Mind Games: A Radical Psychology of Investing, Trading and Risk
Author: Denise Shull
Publisher: McGraw Hill Professional
Total Pages: 289
Release: 2011-12-30
Genre: Business & Economics
ISBN: 0071761527
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Seize the advantage in every trade using your greatest asset—“psychological capital”! When it comes to investing, we're usually taught to “conquer” our emotions. Denise Shull sees it in reverse: We need to use our emotions. Combining her expertise in neuroscience with her extensive trading experience, Shull seeks to help you improve your decision making by navigating the shifting relationships among reason, analysis, emotion, and intuition. This is your “psychological capital”—and it's the key to making decisions calmly and rationally during the heat of trading. Market Mind Games explains the basics of neuroscience in language you understand, which is the first tool you need to manage the emotional ups and downs of the trading. It then provides you with a rock-solid trading system designed to take full advantage of your emotional assets.

The Psychology of Investing

The Psychology of Investing
Author: John R. Nofsinger
Publisher: Routledge
Total Pages: 161
Release: 2016-07
Genre: Business & Economics
ISBN: 1315506564
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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.”