"We all share behavioral traits that are major roadblocks to intelligent financial decisions. Bottom line: if you really want to achieve investment success, understand yourself and eliminate or minimize these traits. This book will help you do exactly that." -- John C. Bogle, Founder, Vanguard Funds
"What Investors Really Want enables us to "post mortem" the financial decisions of ourselves and others. The book is extremely valuable for theory, as a survey of how the human animal makes financial decisions, and for the practice of making smarter financial decisions." --Harry M. Markowitz, Rady School of Management, University of California, San Diego; winner, Nobel Memorial Prize in Economic Sciences
"In investing, we are often our own worst enemies. Meir Statman, an expert in behavioral finance, explains the common errors to which we are prone and helps us make smarter decisions about our investments." --Burton Malkiel, bestelling author of A Random Walk Down Wall Street
"A masterly review of the many pitfalls and challenges facing market participants today, written by one of the founders of the field of behavioral finance. This volume should be required reading for all investors and their financial advisors " --Andrew W. Lo, Harris & Harris Group Professor of Finance at the MIT Sloan School of Management
"What a gem Meir Statman is a wise and engaging teacher, and after reading his book, I will be a wiser, better, less anxious investor." --Don Ezra, co-chair, global consulting, Russell Investments, and co-author of Pension Fund Excellence and The Retirement Plan Solution
"The first step to good investing is always the same, 'know thyself'. If you read this book and don't recognize a lot of yourself in it, you're just not paying attention " --Cliff Asness, founding and managing principal, AQR Capital Management LLC
"Meir Statman, a leading light of behavioral finance, shines the bright light of modern neuropsychology on all the mental demons that conspire to make you poor. He'll make you laugh, he'll make you cry and, best of all, he'll improve your bottom line." --William Bernstein, bestselling author of The Intelligent Asset Allocator
Combining the new field of behavioral finance with the real world of investing, this engaging new book explores the mind-sets and motivations behind the major money decisions--and most common mistakes--that investors make every day. With insider's insight, and a storyteller's voice, behavioral finance expert Meir Statman reveals What Investors Really Want . . .
Investors want bigger profits with lower risks. How our desire for free investment lunches can leave us with no lunches
Investors want to play and win. How our desire to win the investment game can turn us into losers
Investors want to save money for tomorrow and spend it today. How we struggle between spending too much and spending too little
Investors want status, respect, and social responsibility. How to know what's really important in life
Investors do not want to face financial losses. How to recognize and confront the regret that accompanies losses
You'll also learn how age, gender, genetics, and personality affect your investment decisions and how people of different countries and cultures think about risks and returns, poverty, and wealth. You'll discover how behavioral finance provides key insights into the behavior that has rocked investment markets in recent years. And, most important, you'll learn to recognize the desires, thoughts, and emotions that drive your own investment decisions--so you can drive better on your road to investment success.
Автор: Brown Название: What Drives Global Capital Flows? ISBN: 1403947570 ISBN-13(EAN): 9781403947574 Издательство: Springer Рейтинг: Цена: 10752 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The flows of capital from East and South East Asia into the US challenge many assumptions of international financial analysis. This book offers a geography of these flows, presenting the driving forces behind them and the crucial turntable roles played by Europe. The game of currency diplomacy disregards the danger of monetary disequilibrium.
Автор: Kelley Allen C., Burley Nancy Название: What Drives Third World City Growth? ISBN: 0691612404 ISBN-13(EAN): 9780691612409 Издательство: Wiley Рейтинг: Цена: 3553 р. Наличие на складе: Есть у поставщика Поставка под заказ.
The book shows that earlier studies exaggerated the effects of rural land scarcity, foreign capital inflows, and population growth on Third World urbanization. More critical were imbalances of productivity advance across sectors and terms of trade between primary products and manufactures.
Originally published in 1984.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Описание: Pricing--and the questions around what consumers pay for almost anything--have become commonplace. Think about the Sprint commercial featuring children being given rules about how they can play--as a way for Sprint to show how mobile phone pricing can be unfair. Likewise, there are ads discussing the different costs passengers are paying for seats on the same airline flights. Some consumers in the US have turned to Canada to buy lower cost drugs. This book will show how pricing can arouse a variety of reactions among consumers and how the notion of "fair" has a different meaning to different consumers. The author explains that price is "the medium between what we have and what we want we want to pay only what a thing is worth." The book will explain what makes a price seem wrong, what are the social norms of a fair pricing and cultural differences.
Описание: For over eighty years the Arab region has derived massive wealth from its natural resources, yet the region's economies remain little diversified, while the oil market is experiencing major structural shifts with the advent of shale gas. Moreover, the resource itself is eventually exhaustible. Under these conditions economic prosperity cannot be sustainable. The critical question is how can the countries of this region escape the 'oil curse'? In this volume, leading economists argue that the curse is not a predestined outcome but a result of weak institutions and bad governance. A variety of analytical perspectives and examination of various international case studies leads to the conclusion that natural resources can only spur economic development when combined with sound political institutions and effective economic governance. This volume, with its unique focus on the Arab region, will be an important reference for researchers and policymakers alike.
Описание: The book covers in detail the ways to understand how to use oil and gas show information to find hydrocarbons. It covers the basics of exploration methodologies, drilling and mud systems, cuttings and mud gas show evaluation, fundamental log analysis and pitfalls to log-calculated water saturations. A complete overview of the use of pressures to understand traps and migration, hydrodynamics, and seal and reservoir quantification using capillary pressure to underpin important fundamental concepts every petroleum geologist must know. Techniques for quickly generating pseudo-capillary pressure curves from simple porosity/permeability data, with examples of how to build the spreadsheets in Excel, provide quick and simple ways to determine where a test or sample may be in a trap based on its water saturation and rock properties. In addition, a complete treatment of fluid inclusion analysis and fluid inclusion stratigraphy to map migration pathways and recognize by-passed or near miss pay zones is covered and illustrated with numerous examples. Lastly, petroleum systems modeling and fundamental source rock geochemistry is discussed at depth, particularly in the context of unconventional source rock evaluation and screening tools for entering new plays. The promise, perils, and pitfalls of understanding and modeling migration in 3 dimensional space with modern software is examined with an eye toward how to visualize hydrocarbon shows as a means of validating or rejecting the model results.
Perhaps more importantly, the book is heavily illustrated with numerous examples and case histories from the author’s 37 years of exploration experience. The topics covered in this book will give any young geoscientist a quick start on a successful career and serve as a refresher for the more experienced explorers.
Описание: Significant reform of the financial markets is coming. Financial Regulation will specifically cover the new rules, the theory behind these rules, and their impact on both the corporations and the individual. The book is organized into three sections. The first section will provide the background needed to understand the issues of regulation. This section will briefly cover theory, as well as the most common issues raised in the course of debate on financial regulation in general. This will not be an exhaustive coverage of the topic, but an overview to make sure the reader has the necessary background to fully understand the need for and the intention of the new laws. The second section will look at the process the new regulations went through prior to being enacted, the debate and the result. The final section focus on the new regulations and the recent financial crisis. The book will cover the reforms that have been enacted and look toward any future reforms. The book will cover the new laws from both a theoretical point of view, as well as addressing what financial institutions will need to do to comply with these laws.
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