Analyze This Neuroscience And Psychology For Investment Success
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| Author | : Kit H. Lui |
| Publisher | : Phoenix Consulting |
| Total Pages | : 95 |
| Release | : 2024-01-29 |
| Genre | : Antiques & Collectibles |
| ISBN | : |
This book was written entirely by my POE AI bot called: KitLuiInvestBot. It is a comprehensive guide that delves into the intricate relationship between neuroscience, psychology and investment success. It emphasizes the importance of understanding and managing the psychological factors that can influence investment decisions. By recognizing the impact of emotions, biases, and cognitive errors on investment behavior, readers can strive for rational thinking and disciplined decision-making. This book is not intended to provide specific trading advice, strategies, or evaluations of risk. Instead, it aims to empower readers to improve their investment decision-making by gaining self-awareness and insight into their own psychological strengths and weaknesses. It serves as a mental check on their investing style, helping them minimize bad investment decisions by understanding themselves better. The book covers various topics related to psychology and investing, including cognitive biases, confirmation bias, resistance bias, overconfidence bias, herd mentality, loss aversion bias, anchoring bias, availability bias, gambler's fallacy, fear and greed, and more. Each topic is explained in detail, providing readers with a clear understanding of how these biases can affect investment decisions. Through insightful conversations and examples, the book offers practical ways to overcome psychological barriers, such as setting clear rules and guidelines, adhering to a disciplined approach, and enhancing emotional intelligence and self-awareness. It also explores the benefits of contrarian investing, margin of safety, and value investing. Readers will learn how to recognize cognitive errors, check for overconfidence, control their behavior, learn from history, assess risk objectively, and stay focused and patient. The book also introduces various techniques, such as mindfulness, cognitive reframing, and seeking support and accountability, to help readers overcome impulsive behavior, reduce stress, and improve risk management. By incorporating the principles and strategies outlined in this book, readers can enhance their investment success and build a more robust investment portfolio. It offers valuable insights into the role of psychology in investment decision-making and provides practical tools to mitigate the influence of emotions, biases, and cognitive errors. Whether you are a novice investor or an experienced trader, this book will equip you with the knowledge and skills to make more informed and rational investment choices.
| Author | : Wai-Yee Chen |
| Publisher | : John Wiley & Sons |
| Total Pages | : 240 |
| Release | : 2013-07-26 |
| Genre | : Business & Economics |
| ISBN | : 111833924X |
Rewire your brain for investing success As an investment advisor to high net worth individuals, Wai-Yee Chen has spent years watching her clients make investment decisions—some good decisions and some not-so-good decisions. Though confronted by the same market variables, those clients often make very different choices with very different results. Here, Chen argues that it's usually not the data that affects investor decision-making as much as the way investors themselves think. In NeuroInvesting, Chen argues that investors can change the way they think in order to change the way they invest. She presents four elements that affect investor decision-making and reveals how investors can rewire their brains to make better investing decisions for better returns. Uses neuroscience to explain how successful investors think different Written by an experienced investment advisor who works at one of Australia's premier retail brokers Explains investing using real-world stories about investors from an advisor's perspective When it comes to investing, how you think has a huge impact on how you make investing decisions. Based on the real science of how people think, NeuroInvesting offers every investor a chance to change the way they invest by changing the way they think.
| Author | : Jason Zweig |
| Publisher | : Simon and Schuster |
| Total Pages | : 400 |
| Release | : 2007-09-04 |
| Genre | : Business & Economics |
| ISBN | : 1416539794 |
Drawing on the latest scientific research, Jason Zweig shows what happens in your brain when you think about money and tells investors how to take practical, simple steps to avoid common mistakes and become more successful. What happens inside our brains when we think about money? Quite a lot, actually, and some of it isn’t good for our financial health. In Your Money and Your Brain, Jason Zweig explains why smart people make stupid financial decisions—and what they can do to avoid these mistakes. Zweig, a veteran financial journalist, draws on the latest research in neuroeconomics, a fascinating new discipline that combines psychology, neuroscience, and economics to better understand financial decision making. He shows why we often misunderstand risk and why we tend to be overconfident about our investment decisions. Your Money and Your Brain offers some radical new insights into investing and shows investors how to take control of the battlefield between reason and emotion. Your Money and Your Brain is as entertaining as it is enlightening. In the course of his research, Zweig visited leading neuroscience laboratories and subjected himself to numerous experiments. He blends anecdotes from these experiences with stories about investing mistakes, including confessions of stupidity from some highly successful people. Then he draws lessons and offers original practical steps that investors can take to make wiser decisions. Anyone who has ever looked back on a financial decision and said, “How could I have been so stupid?” will benefit from reading this book.
| Author | : Richard L. Peterson |
| Publisher | : John Wiley & Sons |
| Total Pages | : 473 |
| Release | : 2011-01-11 |
| Genre | : Business & Economics |
| ISBN | : 1118044800 |
Unique insights into how the mind of an investor operates and how developing emotional awareness leads to long-term success Inside the Investor's Brain provides readers with specific techniques for understanding their financial psychology, so that they can improve their own performance and learn how to outsmart other investors. Chapter by chapter, author Richard Peterson addresses various mental traps and how they play a role in investing. Through examples, such as a gambling experiment with playing cards, the author shows readers how being aware of the subconscious can separate the smart investors from the average ones. This book also contains descriptions of the work of neuroscientists, financial practitioners, and psychologists, offering an expert's view into the mind of the market. Innovative and accessible, Inside the Investor's Brain gives investors the tools they need to better understand how emotions and mental biases affect the way they manage money and react to market moves.
| Author | : Daniel Crosby |
| Publisher | : Jaico Publishing House |
| Total Pages | : 179 |
| Release | : 2021-11-25 |
| Genre | : Business & Economics |
| ISBN | : 9391019781 |
Foreword By Morgan Housel Psychology and the Secret to Investing Success In The Laws of Wealth, psychologist and behavioral finance expert Daniel Crosby offers an accessible and applied take on a discipline that has long tended toward theory at the expense of the practical. Readers are treated to real, actionable guidance as the promise of behavioral finance is realized and practical applications for everyday investors are delivered. Crosby presents a framework of timeless principles for managing your behavior and your investing process. He begins by outlining 10 rules that are the hallmarks of good investor behavior, including ‘Forecasting is for Weathermen’ and ‘If You’re Excited, It’s Probably a Bad Idea’. He then goes on to introduce a unique new classification of behavioral investment risk that will enable investors and academics alike to understand behavioral risk in a coherent and comprehensive manner. The Laws of Wealth is a finance classic and a must-read for those interested in deepening their understanding of how psychology impacts financial decision-making. “Should be read by all those new to investing.” JIM O'SHAUGHNESSY, International Bestselling Author “Don’t let your mind ruin your investing outcomes.” LOUANN LOFTON, The Motley Fool “Step away from CNBC and into financial therapy!” MEREDITH A. JONES, Author, Women of The Street
| Author | : John Magee |
| Publisher | : CRC Press |
| Total Pages | : 459 |
| Release | : 2000-04-20 |
| Genre | : Business & Economics |
| ISBN | : 1420033093 |
This book is the new edition of John Magee's classic General Semantics of Wall Street. An indispensable companion to John Magee's and Robert Edward's classic, Technical Analysis of Stock Trends, Winning the Mental Game on Wall Street covers the mind set, the preconceptions, the false and misleading habits that hinder peak performance. It exhaust
| Author | : John R. Nofsinger |
| Publisher | : Routledge |
| Total Pages | : 208 |
| Release | : 2017-07-28 |
| Genre | : Business & Economics |
| ISBN | : 1351863304 |
While traditional finance focuses on the tools used to optimize return and minimize risk, this book explains how psychology can affect our decisions more than financial theory. Covering the ways investors actually behave, this is the first book of its kind to delve into the ways biases influence investment behavior, and how overcoming these biases can increase financial success. Now in its sixth edition, this classic text features: An easy-to-understand structure, illustrating psychological biases as everyday behavior; analyzing their effect on investment decisions; and concluding with academic studies that exhibit real-life investors making choices that hurt their wealth. A new chapter on the biology of investment, exploring the latest research on genetics, neuroscience, and how hormones, aging, and nature versus nurture inform our investment behavior. An additional strategy for controlling biases, helping readers understand the psychology that motivates markets and how to address it. Experiential examples, chapter summaries, and end-of-chapter discussion questions to help readers test their practical understanding. Fully updated with the latest research in the field, The Psychology of Investing will prove fascinating and educational for advanced students in investment, portfolio management, and behavioral finance classes as well as investors and financial planners.
| Author | : Lawrence E. Lifson |
| Publisher | : John Wiley & Sons |
| Total Pages | : 218 |
| Release | : 1999-03-25 |
| Genre | : Business & Economics |
| ISBN | : 9780471183396 |
Dieses maßgebende Buch aus der Schmiede der Harvard-Universität stützt sich auf Erkenntnisse und Ideen führender Experten aus den Bereichen Investment und Psychologie. Die Beiträge stammen u.a. von Abby Joseph Cohen, stellvertretender Vorstandsvorsitzender bei Goldman-Sachs, Samuel Hayes von der Harvard Business School und von Mark Hubert, Kolumnist beim Forbes Magazine. Diskutiert werden u.a. die psychologische Aspekte von Risiko, Massenpsychologie und geschlechtsbedingten Unterschieden im Investmentgeschäft. Mit einem Vorwort von John Train, dem Autor zahlreicher Bestseller zur Geldanlage. (11/97)
| Author | : John R. Nofsinger |
| Publisher | : Routledge |
| Total Pages | : 161 |
| Release | : 2016-07 |
| Genre | : Business & Economics |
| ISBN | : 1315506564 |
A supplement for undergraduate and graduate Investments courses. See the decision-making process behind investments. The Psychology of Investing is the first text of its kind to delve into the fascinating subject of how psychology affects investing. Its unique coverage describes how investors actually behave, the reasons and causes of that behavior, why the behavior hurts their wealth, and what they can do about it. Features: What really moves the market: Understanding the psychological aspects. Traditional finance texts focus on developing the tools that investors use for calculating risk and return. The Psychology of Investing is one of the first texts to delve into how psychology affects investing rather than solely focusing on traditional financial theory. This text’s material, however, does not replace traditional investment textbooks but complements them, helping students become better informed investors who understand what motivates the market. Keep learning consistent: Most of the chapters are organized in a similar succession. This approach adheres to following order: -A psychological bias is described and illustrated with everyday behavior -The effect of the bias on investment decisions is explained -Academic studies are used to show why investors need to remedy the problem Growing with the subject matter: Current and fresh information. Because data on investor psychology is rapidly increasing, the fifth edition contains many new additions to keep students up-to-date. The new Chapter 12: Psychology in the Mortgage Crisis describes the psychology involved in the mortgage industry and ensuing financial crisis. New sections and sub-sections include “Buying Back Stock Previously Sold”, “Who Is Overconfident,” "Nature or Nurture?”, "Preferred Risk Habitat," "Market Impacts," "Language," and “Reference Point Adaptation.”
| Author | : Daniel Crosby |
| Publisher | : Harriman House Limited |
| Total Pages | : 280 |
| Release | : 2018-10-16 |
| Genre | : Business & Economics |
| ISBN | : 0857196871 |
From the New York Times bestselling author of the book named the best investment book of 2017 comes The Behavioral Investor, an applied look at how psychology ought to inform the art and science of investment management. In The Behavioral Investor, psychologist and asset manager Dr. Daniel Crosby examines the sociological, neurological and psychological factors that influence our investment decisions and sets forth practical solutions for improving both returns and behavior. Readers will be treated to the most comprehensive examination of investor behavior to date and will leave with concrete solutions for refining decision-making processes, increasing self-awareness and constraining the fatal flaws to which most investors are prone. The Behavioral Investor takes a sweeping tour of human nature before arriving at the specifics of portfolio construction, rooted in the belief that it is only as we come to a deep understanding of “why” that we are left with any clue as to “how” we ought to invest. The book is comprised of three parts, which are as follows: - Part One – An explication of the sociological, neurological and physiological impediments to sound investment decision-making. Readers will leave with an improved understanding of how externalities impact choices in nearly imperceptible ways and begin to understand the impact of these pressures on investment selection. - Part Two – Coverage of the four primary psychological tendencies that impact investment behavior. Although human behavior is undoubtedly complex, in an investment context our choices are largely driven by one of the four factors discussed herein. Readers will emerge with an improved understanding of their own behavior, increased humility and a lens through which to vet decisions of all types. - Part Three – Illuminates the “so what” of Parts One and Two and provides a framework for managing wealth in a manner consistent with the realities of our contextual and behavioral shortcomings. Readers will leave with a deeper understanding of the psychological underpinnings of popular investment approaches such as value and momentum and appreciate why all types of successful investing have psychology at their core. Wealth, truly considered, has at least as much to do with psychological as financial wellbeing. The Behavioral Investoraims to enrich readers in the most holistic sense of the word, leaving them with tools for compounding both wealth and knowledge.
