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

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  • 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 : 27 January 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.

Investor Decision-Making and the Role of the Financial Advisor

Investor Decision-Making and the Role of the Financial Advisor
  • Author : Caterina Cruciani
  • Publisher : Springer
  • Release : 13 November 2017
GET THIS BOOKInvestor Decision-Making and the Role of the Financial Advisor

This book looks at financial advisory from a behavioural perspective, and focuses on how the nature of the relationship between advisors and clients may affect the ability of the advisor to perform its functions. Broken into three key parts, the book looks at the client, the advisor, and the relationship between the two. Chapters review relevant theories of decision-making under risk to understand the nature of clients’ decisions. The literature on advisors’ functions and the normative landscape regulating financial advisory

Behavioral Finance

Behavioral Finance
  • Author : H. Kent Baker,John R. Nofsinger
  • Publisher : John Wiley & Sons
  • Release : 01 October 2010
GET THIS BOOKBehavioral Finance

A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices,

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"--

Simple Heuristics that Make Us Smart

Simple Heuristics that Make Us Smart
  • Author : Gerd Gigerenzer,Peter M. Todd,ABC Research Group
  • Publisher : Oxford University Press
  • Release : 12 October 2000
GET THIS BOOKSimple Heuristics that Make Us Smart

Simple Heuristics That Make Us Smart invites readers to embark on a new journey into a land of rationality that differs from the familiar territory of cognitive science and economics. Traditional views of rationality tend to see decision makers as possessing superhuman powers of reason, limitless knowledge, and all of eternity in which to ponder choices. To understand decisions in the real world, we need a different, more psychologically plausible notion of rationality, and this book provides it. It is

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

Psychology of Decision Making in Economics, Business and Finance

Psychology of Decision Making in Economics, Business and Finance
  • Author : Klaus P. Hofmann
  • Publisher : Nova Publishers
  • Release : 27 January 2021
GET THIS BOOKPsychology of Decision Making in Economics, Business and Finance

In a fast-moving world, the necessity of making decisions, and preferably good ones, has become even more difficult. One reason is the variety and number of choices perhaps available which often are not presented or understood. Alternatives are often unclear and complex paths to them confusing and misleading. Thus the process of decision making itself requires analysis on an ongoing basis. Decision making is often made based on cultural factors whereas the best alternative might be quite different. The subject

Frugal Isn't Cheap

Frugal Isn't Cheap
  • Author : Clare Levison
  • Publisher : Red Wheel/Weiser
  • Release : 19 July 2013
GET THIS BOOKFrugal Isn't Cheap

In Frugal Isn’t Cheap, Clare Levison serves up practical financial advice with a side of southern charm. Filled with real-life stories, it will challenge you to change the way you think about money. Her message is deceptively simple and clear: it’s cool to be smart about your money; it’s stylish to be sensible rather than overindulgent; financial stability is more glamorous than extravagance. But cut up the credit cards? No way. Levison prefers to promote responsibility rather

Towards a Cognitive Mode in Global Finance

Towards a Cognitive Mode in Global Finance
  • Author : Torsten Strulik,Helmut Willke
  • Publisher : Campus Verlag Gmbh
  • Release : 27 January 2021
GET THIS BOOKTowards a Cognitive Mode in Global Finance

The global finance system has been the subject of hot debate for several years. Major players such as the International Monetary Fund and the World Bank have come under fire for their financial practices, while the role of epistemic authorities, including rating agencies, remains unclear. This book systematically analyzes the role knowledge plays in global finance reform by considering its influence in the empirical areas of finance (banking, accounting, and bond rating, for example). As the contributors demonstrate, current institutional

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

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

The 21-Day Financial Fast

The 21-Day Financial Fast
  • Author : Michelle Singletary
  • Publisher : Zondervan
  • Release : 07 January 2014
GET THIS BOOKThe 21-Day Financial Fast

Financial Peace and Freedom in 21 Days In The 21-Day Financial Fast, award-winning writer and The Washington Post columnist Michelle Singletary proposes a field-tested financial challenge. For twenty-one days, participants will put away their credit cards and buy only the barest essentials. With Michelle’s guidance during this three-week financial fast, you will discover how to: Break bad spending habits Plot a course to become debt-free with the Debt Dash Plan Avoid the temptation of overspending for college Learn how to