Why Smart People Make Big Money Mistakes and How to Correct Them
Behavioural economics applied to your own wallet: the predictable errors that cost clever people money.
Gary Belsky, a financial journalist, and Thomas Gilovich, a Cornell psychologist, explain the mental habits that lead intelligent people into bad money decisions. They draw on behavioural economics and the work of Daniel Kahneman and Amos Tversky to cover mental accounting, loss aversion, overconfidence and the herd instinct, and they give practical steps for correcting each one.
Recommended by 1 Person
Jason Zweig
This book does a wonderful job of explaining the basic principles of behavioural finance and the ways that some predictable limitations of the human mind have very clear financial implications.
Interview · September 2017
As an Amazon Associate, bookstoread.org earns from qualifying purchases. Links to Amazon on this page may earn us a commission at no extra cost to you. Spotted an error on this page? Tell us and we will fix it.