000 03095nam a2200265 a 4500
005 20260112063312.0
010 _a2011-039271
020 _a9781118014325 (hardback)
039 _a202505231236
_bstaff
_c202111031225
_d staff
_c201408291552
_d staff
_c201212270143
_d staff
_y 201211220349
_z staff
082 _a332.6019 POM [Shelf 5 ]
100 _aPompian, Michael M.,
_d 1963-
245 _aBehavioral finance and wealth management :
_bhow to build investment strategies that account for investor biases /
_cMichael Pompian.
250 _a2nd ed.
260 _aHoboken, N.J. :
_bWiley,
_c2012.
300 _axxiii, 324 p. ;
_c24 cm.
490 _aWiley finance series
504 _aIncludes bibliographical references and index.
520 _a"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 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: 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 Uses updated cases studies to show investors and financial advisors how an investor's behavior can be modified to improve investment decision-making Provides useable methods for creating behaviorally modified investment portfolios, which may help investors to reach their long term financial goals Heightens awareness of biases so that financial decisions and resulting economic outcomes are improved 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"--
_cProvided by publisher.
650 _aInvestments
_x Psychological aspects.
650 _aInvestments
_x Decision making.
650 _aBUSINESS & ECONOMICS / Investments & Securities.
991 _aVIRTUA40
991 _aVTLSSORT0080*0100*0200*0820*1000*2450*2500*2600*3000*4900*5040*5200*6500*6501*6502*9992
909 _a4523
999 _c4008
_d4008