Understanding behavioral BIAS : a guide to improving financial decision-making / Daniel C. Krawczyk and George H. Baxter.

By:

Krawczyk, Daniel C []

Contributor(s):

Baxter, George H []

Material type: Text

TextSeries: Finance and financial management collectionPublisher: New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, [(c)2020.]Edition: First editionDescription: 1 online resource (127 pages) : illustrations (some color)Content type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781949991819

Subject(s):

Genre/Form:

Additional physical formats: Print version:: No titleLOC classification:

HG4515.15

Online resources:

Click here to access online

Available additional physical forms:

Contents:

Chapter 1. Our biased brains -- Part I. Chapter 2. Attention and the brain ; Chapter 3. Attention biases described -- Part II. Chapter 4. Our memory systems ; Chapter 5. Memory biases -- Part III. Chapter 6. Knowledge ; Chapter 7. Knowledge biases -- Part IV. Chapter 8. Best practices to avoid behavioral bias.

Abstract: People can be remarkably irrational in the complex setting of financial markets and this can lead to catastrophic mistakes costing millions of dollars. We tend to take credit for our successes, but disown our failures. We have limited powers of attention that prevent us from noticing critical factors in investment analysis. Our memories can lead us to make faulty assumptions that serve as the foundation for financial decisions. Our emotions often lead us to give inappropriate weight to some factors while neglectfully discounting others that deserve further investigation. Over the past 50 years, researchers have discovered over one-hundred predictable biases that lead people to make consistent errors. In this book, we describe the financial biases most relevant to investing, describe cutting-edge evidence of how they develop, and offer practical strategies that can help investors improve their performance by minimizing the negative influence of bias.

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Holdings
Item type	Current library	Collection	Call number	URL	Status	Date due	Barcode
Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD)	G. Allen Fleece Library ONLINE		HG4515.15 (Browse shelf(Opens below))	Link to resource	Available		BEP9781949991819
Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD)	G. Allen Fleece Library	Non-fiction	HG4515.15 (Browse shelf(Opens below))	Link to resource	Available		9781949991819

Includes index.

Access restricted to authorized users and institutions.

People can be remarkably irrational in the complex setting of financial markets and this can lead to catastrophic mistakes costing millions of dollars. We tend to take credit for our successes, but disown our failures. We have limited powers of attention that prevent us from noticing critical factors in investment analysis. Our memories can lead us to make faulty assumptions that serve as the foundation for financial decisions. Our emotions often lead us to give inappropriate weight to some factors while neglectfully discounting others that deserve further investigation. Over the past 50 years, researchers have discovered over one-hundred predictable biases that lead people to make consistent errors. In this book, we describe the financial biases most relevant to investing, describe cutting-edge evidence of how they develop, and offer practical strategies that can help investors improve their performance by minimizing the negative influence of bias.

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Description based on PDF viewed 11/14/2019.

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