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1646580 Pompian, Michael M.:
Behavioral Finance and Wealth Management
How to Build Optimal Portfolios That Account for Investor Biases
Preis:   € 57,90

Reihe: Wiley Finance Editions, Einband: Gb
Auflage: 1. Auflage
Verlag: John Wiley & Sons
Erscheinungsdatum: 04/2006
Seiten: 336 S.

ISBN-10: 0-471-74517-0   
ISBN-13: 978-0-471-74517-4


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Beschreibung
Praise for Behavioral Finance and Wealth Management
"Pompian is handing you the magic book, the one that reveals your behavioral flaws and shows you how to avoid them. The tricks to success are here. Read and do not stop until you are one of very few magicians."
-Arnold S. Wood, President and Chief Executive Officer Martingale Asset Management
"I wish this book had been available a decade ago; by understanding behavioral biases, clients and professionals can stay focused and comfortable throughout the markets' bubbles and doldrums. Michael Pompian moves our profession forward by proposing a standardized structure for this approach."
-Elizabeth K. Miller, CFA, Managing Director Trevor Stewart Burton & Jacobsen Inc., and former chair of the New York Society of Security Analysts' Wealth Management Committee
"Many inefficiencies in the market are the result of how investors let their emotions dictate their investment decisions. Michael Pompian's work provides a framework to understand why these inefficiencies exist, and how they can provide investors with significant profit-making opportunities."
-Stanley G. Lee, CFA, Principal, David J. Greene & Company, LLC
"Michael Pompian has created a valuable resource for investors and those in the wealth management community by not only explaining a number of important behavioral biases, but also giving them actionable steps to reduce biases and improve investment performance."
-John M. Longo, PhD, CFA, Senior Vice President Investment Strategy, the MDE Group, Inc., and Adjunct Professor of Finance at Rutgers University Graduate School of Management
Inhalt
Preface.
Acknowledgements.
PART ONE: INTRODUCTION TO THE PRACTICAL APPLICATION OF BEHAVIORAL FINANCE.
1. What is Behavioral Finance?
2. The History of Behavioral Finance Micro (BFMI).
3. Incorporating Investor Behavior into the Asset Allocation Process.
PART TWO: INVESTOR BIASES DEFINED AND ILLUSTRATED.
4. Overconfidence Bias.
5. Representativeness Bias.
6. Anchoring and Adjustment Bias.
7. Cognitive Dissonance Bias.
8. Availability Bias.
9. Self Attribution Bias.
10. Illusion of Control Bias.
11. Conservatism Bias.
12. Ambiguity Aversion Bias.
13. Endowment Bias.
14. Self Control Bias.
15. Optimism Bias.
16. Mental Accounting Bias.
17. Confirmation Bias.
18. Hindsight Bias.
19. Loss Aversion Bias.
20. Recency Bias.
21. Regret Aversion Bias.
22. Framing Bias.
23. Status Quo Bias.
PART THREE: CASE STUDIES.
24. Case Studies.
PART FOUR: SPECIAL TOPICS IN PRACTICAL APPLICATION OF BEHAVIORAL FINANCE.
25. Gender, Personality Type and Investor Behavior.
26. Investor Personality Types.
Neuroeconomics.
Notes.
Index.
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