A Fast and Frugal Finance

A Fast and Frugal Finance: Bridging Contemporary Behavioral Finance and Ecological Rationality adds psychological reality to classical financial reasoning. It shows how financial professionals can reach better and quicker decisions using the 'fast and frugal' framework for decision-making, adding dramatically to time and outcome efficiency, while also retaining accuracy. The book provides the reader with an adaptive toolbox of heuristic tools and classification systems to aid real-world decisions. Throughout, financial applications are presented alongside real-world examples to help readers solve established problems in finance, including stock buying and selling decisions, even in situations of considerable uncertainty and risk. The book concludes by describing potential solutions to financial problems, including discussions on high frequency trading and machine learning algorithms. Demonstrates how well-constructed 'fast and frugal' models can outperform standard models in time and outcome efficiency Focuses on how financial decisions are made in reality rather than how they should be made Discusses how cognition and the decision-making context interact in producing 'fast and frugal' choices Explores the development of decision-making trees in finance to aid in decision-making

Produk Detail:

  • Author : William P. Forbes
  • Publisher : Academic Press
  • Pages : 320 pages
  • ISBN : 0128124954
  • Rating : 4/5 from 21 reviews
CLICK HERE TO GET THIS BOOKA Fast and Frugal Finance

A Fast and Frugal Finance

A Fast and Frugal Finance
  • Author : William P. Forbes,Aloysius Obinna Igboekwu,Shabnam Mousavi
  • Publisher : Academic Press
  • Release : 15 June 2019
GET THIS BOOKA Fast and Frugal Finance

A Fast and Frugal Finance: Bridging Contemporary Behavioral Finance and Ecological Rationality adds psychological reality to classical financial reasoning. It shows how financial professionals can reach better and quicker decisions using the 'fast and frugal' framework for decision-making, adding dramatically to time and outcome efficiency, while also retaining accuracy. The book provides the reader with an adaptive toolbox of heuristic tools and classification systems to aid real-world decisions. Throughout, financial applications are presented alongside real-world examples to help readers solve

Fast and Frugal Decision Making

Fast and Frugal Decision Making
  • Author : Shabnam Mousavi
  • Publisher : Palgrave Macmillan
  • Release : 16 April 2021
GET THIS BOOKFast and Frugal Decision Making

We all want more information in order to make better decisions and calculate risk, but oftentimes that information is scarce. This new strategy, based on extensive cognitive and economic research, shows how to make financial decisions through a 'fast and frugal' method.

Classification in the Wild

Classification in the Wild
  • Author : Ozgur Simsek,Konstantinos Katsikopoulos,Marcus Buckmann,Gerd Gigerenzer
  • Publisher : Unknown Publisher
  • Release : 02 February 2021
GET THIS BOOKClassification in the Wild

"A "bounded rationality" approach to understanding how people classify entities in real world situations, with imperfect information and limited time"--

Handbook of Behavioural Economics and Smart Decision-Making

Handbook of Behavioural Economics and Smart Decision-Making
  • Author : Morris Altman
  • Publisher : Edward Elgar Publishing
  • Release : 26 May 2017
GET THIS BOOKHandbook of Behavioural Economics and Smart Decision-Making

This Handbook is a unique and original contribution of over thirty chapters on behavioural economics, examining and addressing an important stream of research where the starting assumption is that decision-makers are for the most part relatively smart or rational. This particular approach is in contrast to a theme running through much contemporary work where individuals’ behaviour is deemed irrational, biased, and error-prone, often due to how people are hardwired. In the smart people approach, where errors or biases occur and

The Oxford Handbook of Banking

The Oxford Handbook of Banking
  • Author : Allen N. Berger,Philip Molyneux,John O. S. Wilson
  • Publisher : Oxford University Press, USA
  • Release : 01 October 2019
GET THIS BOOKThe Oxford Handbook of Banking

The Oxford Handbook of Banking provides an overview and analysis of state-of-the-art research in banking written by leading researchers in the field. This Handbook will appeal to graduate students of economics, banking and finance, academics, practitioners and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material. The handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks

Belief and Rule Compliance

Belief and Rule Compliance
  • Author : Hazik Mohamed,Abbas Mirakhor,Nuri Erbaş
  • Publisher : Academic Press
  • Release : 20 September 2018
GET THIS BOOKBelief and Rule Compliance

Belief and Rule Compliance: An Experimental Comparison of Muslim and Non-Muslim Economic Behavior uses modern behavioral science and game theory to examine the behavior and compliance of Muslim populations to Islamic Finance laws and norms. The work identifies behaviors characterized by unexpected complexity and profound divergence, including expectations for sharing, cooperation and entrepreneurship gleaned from studies. Adopting a unique set of recent empirical observations, the work provides a reliable behavioral foundation for practitioners seeking to evaluate, create and market Islamic

Behavioural Finance

Behavioural Finance
  • Author : William Forbes
  • Publisher : John Wiley & Sons
  • Release : 21 December 2009
GET THIS BOOKBehavioural Finance

The study of Behavioural finance is relatively new and examines how individuals’ attitudes and behaviour affect their financial decisions and financial markets. Behavioural Finance builds on existing knowledge and skills that students have already gained on an introductory finance or corporate finance course. The primary focus of the book is on how behavioural approaches extend what students already know. At each stage the theory is developed by application to the FTSE 100 companies and their valuation and strategy. This approach helps

Handbook of Finance, Investment Management and Financial Management

Handbook of Finance, Investment Management and Financial Management
  • Author : Frank J. Fabozzi
  • Publisher : Wiley
  • Release : 04 August 2008
GET THIS BOOKHandbook of Finance, Investment Management and Financial Management

Volume II: Investment Management and Financial Management focuses on the theories, decisions, and implementations aspects associated with both financial management and investment management. It discusses issues that dominate the financial management arena—capital structure, dividend policies, capital budgeting, and working capital—and highlights the essential elements of today's investment management environment, which include allocating funds across major asset classes and effectively dealing with equity and fixed income portfolios. Incorporating timely research and in-depth analysis, the Handbook of Finance is a

Ecological Rationality

Ecological Rationality
  • Author : Peter M. Todd,Gerd Gigerenzer
  • Publisher : Oxford University Press
  • Release : 10 April 2012
GET THIS BOOKEcological Rationality

"More information is always better, and full information is best. More computation is always better, and optimization is best." More-is-better ideals such as these have long shaped our vision of rationality. Yet humans and other animals typically rely on simple heuristics to solve adaptive problems, focusing on one or a few important cues and ignoring the rest, and shortcutting computation rather than striving for as much as possible. In this book, we argue that in an uncertain world, more information

Meet the Frugalwoods

Meet the Frugalwoods
  • Author : Elizabeth Willard Thames
  • Publisher : HarperCollins
  • Release : 06 March 2018
GET THIS BOOKMeet the Frugalwoods

The deeply personal story of how award-winning personal finance blogger Elizabeth Willard Thames abandoned a successful career in the city and embraced frugality to create a more meaningful, purpose-driven life, and retire to a homestead in the Vermont woods at age thirty-two with her husband and daughter. In 2014, Elizabeth and Nate Thames were conventional 9-5 young urban professionals. But the couple had a dream to become modern-day homesteaders in rural Vermont. Determined to retire as early as possible in order