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

A Fast and Frugal Finance

A Fast and Frugal Finance
  • Author : William P. Forbes,Aloysius Obinna Igboekwu,Shabnam Mousavi
  • Publisher : Academic Press
  • Release : 02 December 2019
GET THIS BOOKA Fast and Frugal Finance

A Fast and Frugal Finance: Bridging Contemporary Behavioural 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 : 19 October 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

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

Judgment, Decision-Making, and Embodied Choices

Judgment, Decision-Making, and Embodied Choices
  • Author : Markus Raab
  • Publisher : Academic Press
  • Release : 27 October 2020
GET THIS BOOKJudgment, Decision-Making, and Embodied Choices

Judgment, Decision-Making, and Embodied Choices introduces a new concept of embodied choices which take sensorimotor experiences into account when limited time and resources forces a person to make a quick decision. This book combines areas of cognitive psychology and movement science, presenting an integrative approach to understanding human functioning in everyday scenarios. This is the first book focusing on the role of the gut as a second brain, introducing the link to risky behavior. The book's author engages readers by

Thinking, Fast and Slow

Thinking, Fast and Slow
  • Author : Daniel Kahneman
  • Publisher : Doubleday Canada
  • Release : 01 November 2011
GET THIS BOOKThinking, Fast and Slow

The guru to the gurus at last shares his knowledge with the rest of us. Nobel laureate Daniel Kahneman's seminal studies in behavioral psychology, behavioral economics, and happiness studies have influenced numerous other authors, including Steven Pinker and Malcolm Gladwell. In Thinking, Fast and Slow, Kahneman at last offers his own, first book for the general public. It is a lucid and enlightening summary of his life's work. It will change the way you think about thinking. Two systems drive

The Global Financial Crisis and Its Aftermath

The Global Financial Crisis and Its Aftermath
  • Author : A.G. Malliaris,Leslie Shaw,Hersh Shefrin
  • Publisher : Oxford University Press
  • Release : 16 September 2016
GET THIS BOOKThe Global Financial Crisis and Its Aftermath

In The Global Financial Crisis, contributors argue that the complexity of the Global Financial Crisis challenges researchers to offer more comprehensive explanations by extending the scope and range of their traditional investigations. To achieve this, the volume views the financial crisis simultaneously through three different lenses---economic, psychological, and social values. Contributors offer a constructive methodology suitable for exploring financial crises. They recognize how current economic analysis did not prepare academic economists, business economists, traders, and regulators to anticipate economic and

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"--

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

Behavioral Finance

Behavioral Finance
  • Author : H. Kent Baker,Greg Filbeck,John R. Nofsinger
  • Publisher : Oxford University Press
  • Release : 01 February 2019
GET THIS BOOKBehavioral Finance

People tend to be penny wise and pound foolish and cry over spilt milk, even though we are taught to do neither. Focusing on the present at the expense of the future and basing decisions on lost value are two mistakes common to decision-making that are particularly costly in the world of finance. Behavioral Finance: What Everyone Needs to KnowR provides an overview of common shortcuts and mistakes people make in managing their finances. It covers the common cognitive biases

Behavioural Economics and Finance

Behavioural Economics and Finance
  • Author : Michelle Baddeley
  • Publisher : Routledge
  • Release : 17 October 2018
GET THIS BOOKBehavioural Economics and Finance

Behavioural economics and behavioural finance are rapidly expanding fields that are continually growing in prominence. While orthodox economic models are built upon restrictive and simplifying assumptions about rational choice and efficient markets, behavioural economics offers a robust alternative using insights and evidence that rest more easily with our understanding of how real people think, choose and decide. This insightful textbook introduces the key concepts from this rich, interdisciplinary approach to real-world decision-making. This new edition of Behavioural Economics and Finance

Behavioural Finance | Second Edition

Behavioural Finance | Second Edition
  • Author : Prasanna Chandra
  • Publisher : McGraw-Hill Education
  • Release : 04 March 2020
GET THIS BOOKBehavioural Finance | Second Edition

The thoroughly revised 2nd edition of Behavioural Finance is designed as a textbook for students of MBA and CFA Programme. It will also serve a reference book for investment practitioners and corporate finance executives. The book discusses financial decision-making and financial markets from the perspective of behavioural sciences and allied disciplines. It expounds theories of behavioural finance and explores ways and means of injecting greater rationality in financial and investment decisions making. Salient Features: • An overview of Behavioural Finance • New

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

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