Psychology of investing:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Boston [u.a.]
Prentice Hall
2011
|
| Ausgabe: | 4. ed. |
| Schriftenreihe: | The Prentice Hall series in finance
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis Inhaltsverzeichnis |
| Beschreibung: | Previous ed.: 2007 |
| Beschreibung: | XI, 132 S. graph. Darst. |
| ISBN: | 9780136117032 0136117031 |
Internformat
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Datensatz im Suchindex
| _version_ | 1804143304006172672 |
|---|---|
| adam_text | Titel: The psychology of investing
Autor: Nofsinger, John R.
Jahr: 2011
CONTENTS
Preface ix
Chapter 1 Psychology and Finance 1
Traditional versus Behavioral Finance 2
Prediction 3
Behavioral Finance 5
Sources of Cognitive Errors 6
Bias and Wealth Impact 8
What to Expect 9
Questions 10 • Endnotes 10
Chapter 2 Overconfidence 11
Overconfidence Affects Investor Decisions 12
Overconf ident Trading 13
Overconf idence and the Market 16
Overconf idence and Risk 16
Illusion of Knowledge 17
Illusion of Control 19
Choice 19
Outcome Seq uence 19
Task Familiarity 19
Information 19
Active Involvement 19
Past Successes 20
Online Trading 20
Online Trading and Performance 21
Questions 22 • Endnotes 22
Chapter 3 Pride and Regret 24
Disposition Effect 24
Disposition Effect and Wealth 25
Tests of Avoiding Regret and Seeking Pride 26
International Tests of the Disposition Effect 28
Disposition Outside the Stock Market 28
Selling Winners Too Soon and Holding Losers Too Long 29
Disposition Effect and News 29
Reference Points 30
Can the Disposition Effect Impact the Market? 31
Disposition and Investor Sophistication 32
Summary 32 • Questions 33 • Endnotes 33
Chapter 4 Risk Perceptions 35
House-Money Effect 36
Snakebite (or Risk Aversion) 36
Trying to Break Even 36
Effect on Investors 37
Endowment (or Status Quo Bias) Effects 38
Endowment and Investors 39
Perception of Investment Risk 39
Memory and Decision Making 40
Memory and Investment Decisions 40
Cognitive Dissonance 41
Cognitive Dissonance and Investing 41
Summary 44 • Questions 44 • Endnotes 44
Chapter 5 Decision Frames 46
Framing and Choice 46
Framing and Investing 48
Framing and the Risk-Retum Relationship 48
Framing and Prediction 50
Thinking Mode and Decision Processes 50
Measuring Thinking Mode 51
Risk Framing and Thinking Style 52
Framing Pension Decisions 53
Summary 53 • Questions 54 • Endnotes 54
Chapter 6 Mental Accounting 55
Mental Budgeting 56
Matching Costs to Benefits 56
Matching Debt 57
Sunk-Cost Effect 58
Economic Impact 59
Mental Accounting and Investing 60
Investor Trading 60
Asset Allocation 61
Market Impact 64
Questions 64 • Endnotes 65
Chapter 7 Forming Portfolios 66
Modern Portfolio Theory 66
Mental Accounting and Portfolios 66
Perceptions on Risk 68
Risk Perception in the Real World 70
Building Behavioral Portfolios 70
Household Portfolios 72
Naive Diversifikation 73
Retirement Plans 74
Questions 75 • Endnotes 75
Chapter 8 Representativeness and Familiarity 76
Representativeness 76
Representativeness and Investing 77
Extrapolation Bias 78
Familiarity 80
Familiarity Breeds Investment 81
Local Bias 83
Familiarity Breeds Investment Problems 84
Combining Familiarity and Representativeness Biases 85
Questions 86 • Endnotes 86
Chapter 9 Social Interaction and Investing 88
Talking the Talk 89
Imitate Thy Neighbor s Portfolio 89
Social Environment 89
Investment Clubs 91
Investment Club Performance 91
Investment Clubs and Social Dynamics 93
The Media 93
Speed Is Not of the Essence 94
Herding 95
Herding into Stocks 95
A Rose.com by Any Other Name 96
Short-Term Focus 96
Fa rth 97
Social Validation 97
Questions 97 • Endnotes 97
Chapter 10 Emotion and Investment Decisions 99
Feelings and Decisions 99
Feelings and Finance 100
Feelings Affect Investment Decisions 101
Sunshine 101
Negative Emotions 103
Optimism 104
Sentiment 106
Market Bubbles 107
The Thrills of Investing 108
Summary 109 • Questions 109 • Endnotes 110
Chapter 11 Self-Control and Decision Making 111
Short-Term versus Long-Term Focus 112
Controlling Yourself 112
Saving and Self-Control 113
401 (k) and IRA Plans 114
Self-Control and Dividends 115
Beating the Biases 116
Strategy 1: Understand the Biases 116
Strategy 2: Know Why You Are Investing 116
Strategy 3: Have Quantitative Investment Criteria 117
Strategy 4: Diversify 117
Strategy 5: Control Your Investing Environment 117
Additional Rules of Thumb 118
Using Biases for Good 119
Save More Tomorrow 119
Save and Win 120
Questions 121 • Endnotes 121
Credits 123
Index 124
|
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| illustrated | Illustrated |
| indexdate | 2024-07-09T22:45:32Z |
| institution | BVB |
| isbn | 9780136117032 0136117031 |
| language | English |
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| physical | XI, 132 S. graph. Darst. |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | Prentice Hall |
| record_format | marc |
| series2 | The Prentice Hall series in finance |
| spelling | Nofsinger, John R. Verfasser (DE-588)171868129 aut Psychology of investing John R. Nofsinger 4. ed. Boston [u.a.] Prentice Hall 2011 XI, 132 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier The Prentice Hall series in finance Previous ed.: 2007 Investments / Psychological aspects Psychologie Psychologie (DE-588)4047704-6 gnd rswk-swf Investition (DE-588)4027556-5 gnd rswk-swf Investition (DE-588)4027556-5 s Psychologie (DE-588)4047704-6 s 1\p DE-604 DE-601 pdf/application http://www.gbv.de/dms/zbw/614711983.pdf kostenfrei Inhaltsverzeichnis HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020595923&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Nofsinger, John R. Psychology of investing Investments / Psychological aspects Psychologie Psychologie (DE-588)4047704-6 gnd Investition (DE-588)4027556-5 gnd |
| subject_GND | (DE-588)4047704-6 (DE-588)4027556-5 |
| title | Psychology of investing |
| title_auth | Psychology of investing |
| title_exact_search | Psychology of investing |
| title_full | Psychology of investing John R. Nofsinger |
| title_fullStr | Psychology of investing John R. Nofsinger |
| title_full_unstemmed | Psychology of investing John R. Nofsinger |
| title_short | Psychology of investing |
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| topic | Investments / Psychological aspects Psychologie Psychologie (DE-588)4047704-6 gnd Investition (DE-588)4027556-5 gnd |
| topic_facet | Investments / Psychological aspects Psychologie Investition |
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