000 03034nam a2200277 a 4500
001 vtls000059781
003 KUKTEM
005 20251125093201.0
008 120515t2012 nju f b 001 0 eng d
020 _a9781118014325 (hardback)
039 9 _a201209201515
_bfauzi
_y201205151607
_zirma
040 _aUMP
090 _aHG4515.15 .P66 2012
100 1 _aPompian, Michael M.
245 1 0 _aBehavioral finance and wealth management :
_bhow to build investment strategies that account for investor biases /
_cMichael M. Pompian
250 _a2nd ed.
260 _aHoboken, N.J. :
_bWiley,
_cc2012
300 _axxiii, 324 p. ;
_c24 cm.
490 1 _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"-- Provided by publisher
650 0 _aInvestments
_xPsychological aspects
650 0 _aInvestments
_xDecision making
830 0 _aWiley finance series
999 _aVIRTUA40
_c62195
_d62201
999 _aVTLSSORT0080*0200*0400*0900*1000*2450*2500*2600*3000*4900*5040*5200*6500*6501*8300*9992