This book describes the important psychological biases that influence investment decisions. By recognizing, understanding, and avoiding these problems, investors can minimize the negative effects on their wealth.
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WARNING: Allowing emotion to invade your investment decisions can be hazardous to your wealth.
How your psychology reduces your profits and increases your risks-and what to do about it!
It's your psychology. It's your emotions. As an investor, they're your biggest obstacles. They cut your returns, and raise your risks. It's about time you did something about it. Investment Madness will show you how. Drawing on the new science of behavioral finance, Dr. John Nofsinger shows you how to:
With today's instantaneous Internet-based trading, your psychological biases have become more dangerous than ever. Investment Madness delivers expert techniques and mental strategies that will empower you with true self-control—the decisive factor in investment success.About the Author:
DR. JOHN NOFSINGER is a finance professor at Washington State University. His 1997 paper, "Herding and Feedback Trading by Institutional Investors" written with Richard W. Sias, was awarded "Best of the Best" and "Best Paper in Investments" by the Financial Management Association. He has also done advanced research for the New York Stock Exchange and the Association for Investment Management and Research. Nofsinger holds a doctorate from Washington State University.
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Book Description Pearson Education, 2001. Hardcover. Book Condition: New. book. Bookseller Inventory # 0130422002
Book Description Pearson Education, 2001. Hardcover. Book Condition: New. Bookseller Inventory # P110130422002