LEADER 04212nam 2200625 a 450 001 9910141231303321 005 20230801221408.0 010 $a1-118-18229-4 010 $a1-119-20240-X 010 $a1-283-40166-5 010 $a9786613401663 010 $a1-118-18227-8 035 $a(CKB)2670000000131285 035 $a(EBL)817502 035 $a(OCoLC)768082639 035 $a(SSID)ssj0000566762 035 $a(PQKBManifestationID)12161566 035 $a(PQKBTitleCode)TC0000566762 035 $a(PQKBWorkID)10562201 035 $a(PQKB)10175635 035 $a(MiAaPQ)EBC817502 035 $a(Au-PeEL)EBL817502 035 $a(CaPaEBR)ebr10518636 035 $a(CaONFJC)MIL340166 035 $a(EXLCZ)992670000000131285 100 $a20110923d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBehavioral finance and wealth management$b[electronic resource] $ehow to build investment strategies that account for investor biases /$fMichael M. Pompian 205 $a2nd ed. 210 $aHoboken, N.J. $cWiley$d2012 215 $a1 online resource (352 p.) 225 1 $aWiley finance series 300 $aIncludes index. 311 $a1-118-01432-4 327 $apt. 1. Introduction to behavioral finance -- pt. 2. Belief perseverance biases defined and illustrated -- pt. 3. Information processing biases defined and illustrated -- pt. 4. Emotional biases defined and illustrated -- pt. 5. Application of behavioral finance to asset allocation and case studies -- pt. 6. Behavioral investor types. 330 $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. 410 0$aWiley finance series. 606 $aInvestments$xPsychological aspects 606 $aInvestments$xDecision making 615 0$aInvestments$xPsychological aspects. 615 0$aInvestments$xDecision making. 676 $a332.601/9 686 $aBUS036000$2bisacsh 700 $aPompian$b Michael M.$f1963-$0885892 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910141231303321 996 $aBehavioral finance and wealth management$92295728 997 $aUNINA