Behavioral finance and wealth management: how to build investment strategies that account for investor biases
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Hoboken, NJ
Wiley
2012
|
| Edition: | 2. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XXIII, 324 S. Ill., graph. Darst. 24 cm |
| ISBN: | 1118014324 9781118014325 |
Staff View
MARC
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| 245 | 1 | 0 | |a Behavioral finance and wealth management |b how to build investment strategies that account for investor biases |c Michael M. Pompian |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a Hoboken, NJ |b Wiley |c 2012 | |
| 300 | |a XXIII, 324 S. |b Ill., graph. Darst. |c 24 cm | ||
| 336 | |b txt |2 rdacontent | ||
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| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Psychologie | |
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| 653 | |a Investments / Psychological aspects | ||
| 653 | |a Investments / Decision making | ||
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| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |z 978-1-118-18229-1 |
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Record in the Search Index
| _version_ | 1804149737479208960 |
|---|---|
| adam_text | IMAGE 1
CONTENTS
PREFACE XV
ACKNOWLEDGMENTS XXIII
MUM, INTRODUCTION TO BEHAVIORAL FINANCE 1
CHAPTER 1 WHAT IS BEHAVIORAL FINANCE? S
BEHAVIORAL FINANCE: THE BIG PICTURE 4
STANDARD FINANCE VERSUS BEHAVIORAL FINANCE 12
THE ROLE OF BEHAVIORAL FINANCE WITH PRIVATE CLIENTS 19 HOW PRACTICAL
APPLICATION OF BEHAVIORAL FINANCE CAN CREATE A SUCCESSFUL ADVISORY
RELATIONSHIP 19
NOTES 21
CHAPTER 2 THE HISTORY OF BEHAVIORAL FINANCE MICRO 23
HISTORICAL PERSPECTIVE ON THE LINK BETWEEN PSYCHOLOGY AND ECONOMICS 23
MODERN BEHAVIORAL FINANCE 27
PSYCHOGRAPHIC MODELS USED IN BEHAVIORAL FINANCE 36 NOTES 40
CHAPTER 3 INTRODUCTION TO BEHAVIORAL BIASES 43
INTRODUCTION 43
BEHAVIORAL BIASES DENNED 44
WHY UNDERSTANDING AND IDENTIFYING BEHAVIORAL BIASES IS IMPORTANT 45
CATEGORIZATION OF BEHAVIORAL BIASES 46
DIFFERENCES BETWEEN COGNITIVE AND EMOTIONAL BIASES 46 DIFFERENCE AMONG
COGNITIVE BIASES 47
VII
IMAGE 2
YJII CONTENTS
EMOTIONAL BIASES 48
A FINAL WORD ON BIASES 49
SUMMARY OF PART ONE 50
BELIEF PERSEVERANCE BIASES DEFINED AND ILLUSTRATED 51
CHAPTER 4 COGNITIVE DISSONANCE BIAS 53
BIAS DESCRIPTION 53
PRACTICAL APPLICATION 55
RESEARCH REVIEW 57
DIAGNOSTIC TESTING 59
ADVICE 60
CONCLUSION ^ 62
NOTES 62
CHAPTER 5 CONSERVATISM BIAS 63
BIAS DESCRIPTION 63
PRACTICAL APPLICATION 64
RESEARCH REVIEW 67
DIAGNOSTIC TESTING 69
ADVICE 70
NOTES 71
CHAPTERS CONFIRMATION BIAS 73
BIAS DESCRIPTION 73
PRACTICAL APPLICATION 75
RESEARCH REVIEW 77
DIAGNOSTIC TESTING 81
ADVICE 83
NOTES 84
CHAPTER 7 REPRESENTATIVENESS BIAS 85
BIAS DESCRIPTION 85
PRACTICAL APPLICATION 87
RESEARCH REVIEW 89
IMAGE 3
CONTENTS IX
DIAGNOSTIC TESTING ADVICE NOTES
CHAPTER 8 ILLUSION OF CONTROL BIAS BIAS DESCRIPTION PRACTICAL
APPLICATION
RESEARCH REVIEW DIAGNOSTIC TESTING ADVICE
FINAL THOUGHT NOTES
CHAPTFFI9 HINDSIGHT BIAS BIAS DESCRIPTION PRACTICAL APPLICATION
RESEARCH REVIEW DIAGNOSTIC TESTING ADVICE NOTES
93 94 97
99 99 100 103 104 105
106 106
197 107 108 109 112 113 114
INFORMATION PROCESSING BIASES DEFINED AND ILLUSTRATED 117 OVERVIEW OF
THE STRUCTURE OF CHAPTERS 10 THROUGH 16 117
CHAPTER 10 MENTAL ACCOUNTING BIAS 119
BIAS DESCRIPTION 119
PRACTICAL APPLICATION 121
RESEARCH REVIEW 123
DIAGNOSTIC TESTING 128
ADVICE 130
THE BEHAVIORAL FINANCE APPROACH TO ASSET ALLOCATION BASED ON MENTAL
ACCOUNTING 133
NOTES 134
CHAPTER 11 ANCHORING AND ADJUSTMENT BIAS 135
BIAS DESCRIPTION 135
PRACTICAL APPLICATION 136
IMAGE 4
X
RESEARCH REVIEW DIAGNOSTIC TESTING ADVICE BONUS DISCUSSION: INVESTMENT
STRATEGIES THAT LEVERAGE
ANCHORING AND ADJUSTMENT BIAS NOTES
CHAPTER 12 FRAMING BIAS BIAS DESCRIPTION PRACTICAL APPLICATION
RESEARCH REVIEW DIAGNOSTIC TESTING ADVICE NOTES
CHAPTER 13 AVAILABILITY BIAS BIAS DESCRIPTION PRACTICAL APPLICATION
RESEARCH REVIEW DIAGNOSTIC TEST ADVICE NOTES
CHAPTER 14 SELF-ATTRIBUTION BIAS BIAS DESCRIPTION PRACTICAL APPLICATION
RESEARCH REVIEW DIAGNOSTIC TESTING ADVICE NOTES
CHAPTER 15 OUTCOME BIAS BIAS DESCRIPTION DIAGNOSTIC
NOTES
CONTENTS
138 139 140
141 142
143 143 145 148
150 152 153
155 155 157 160
162 163 164
165 165 166 167 169
170 171
173 173 176 178
IMAGE 5
CONTENTS XL
CHAPTER 16 RECENCY BIAS 179
BIAS DESCRIPTION 179
PRACTICAL APPLICATION 181
RESEARCH REVIEW 184
DIAGNOSTIC TESTING 185
ADVICE 187
NOTES 188
PJBMPUL EMOTIONAL BIASES DEFINED AND ILLUSTRATED 189
CHAPTER 17 LOSS AVERSION BIAS 191
BIAS DESCRIPTION 191
PRACTICAL APPLICATION 193
RESEARCH REVIEW 194
DIAGNOSTIC TESTING 195
ADVICE 196
NOTES 197
CHAPTER 16 OVERCONFIDENCE BIAS 199
BIAS DESCRIPTION 199
PRACTICAL APPLICATION 200
RESEARCH REVIEW 201
DIAGNOSTIC TESTING 203
ADVICE 206
A FINAL WORD ON OVERCONFIDENCE 208
NOTES 208
CHAPTER 19 SELF-CONTROL BIAS 211
BIAS DESCRIPTION 211
PRACTICAL APPLICATION 214
RESEARCH REVIEW 216
DIAGNOSTIC TESTING 219
ADVICE 220
NOTES 222
IMAGE 6
XLI CONTENTS
CHAPTER 20 STATUS QUO BIAS 223
BIAS DESCRIPTION 223
PRACTICAL APPLICATION 224
RESEARCH REVIEW 225
DIAGNOSTIC TESTING 226
ADVICE 228
NOTES 229
CHAPTER 21 ENDOWMENT BIAS 231
BIAS DESCRIPTION 231
PRACTICAL APPLICATION 232
RESEARCH REVIEW 235
DIAGNOSTIC TESTING 237
ADVICE 239
NOTES 240
CHAPTER 22 REGRET AVERSION BIAS 243
BIAS DESCRIPTION 243
PRACTICAL APPLICATION 244
RESEARCH REVIEW 246
DIAGNOSTIC TESTING 247
ADVICE 249
NOTES 251
CHAPTER 23 AFFINITY BIAS 253
BIAS DESCRIPTION 253
RESEARCH REVIEW 256
DIAGNOSTIC TESTING 258
ADVICE 259
NOTES 260
EAR1FJVL APPLICATION OF BEHAVIORAL FINANCE TO ASSET ALLOCATION AND CASE
STUDIES 261
CHAPTER 24 APPLICATION OF BEHAVIORAL FINANCE TO ASSET ALLOCATION 263
PRACTICAL APPLICATION OF BEHAVIORAL FINANCE 264
BEST PRACTICAL ALLOCATION 266
IMAGE 7
CONTENTS XIII
GUIDELINES FOR DETERMINING BEST PRACTICAL ASSET ALLOCATION 267
QUANTITATIVE GUIDELINES FOR INCORPORATING BEHAVIORAL FINANCE IN ASSET
ALLOCATION 269
INVESTMENT POLICY AND ASSET ALLOCATION 271
NOTES 271
CHAPTER 25 CASE STUDIES 273
CASE STUDY A: MR. NICHOLAS 276
CASE STUDY B: MRS. ALEXANDER 281
SUMMARY OF CASE STUDIES 286
EARLSJJL BEHAVIORAL INVESTOR TYPES 287
CHAPTER 26 BEHAVIORAL INVESTOR TYPE DIAGNOSTIC PROCESS 289
BACKGROUND OF THE DEVELOPMENT OF BEHAVIORAL INVESTOR TYPES 290
PSYCHOGRAPHIC MODELS OF INVESTOR BEHAVIOR 291
EARLY PSYCHOGRAPHIC MODELS 293
THE BEHAVIORAL ALPHA PROCESS: A TOP-DOWN APPROACH 295 THE BIT
IDENTIFICATION PROCESS 296
SUMMARY 299
NOTES 300
CHAPTER 27 REHAVIORAL INVESTOR TYPES 301
INTRODUCTION 301
PRESERVER 302
FOLLOWER 305
INDEPENDENT 308
ACCUMULATOR 312
SUMMARY 315
INDEX 317
|
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| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.601/9 |
| dewey-search | 332.601/9 |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 2. ed. |
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| indexdate | 2024-07-10T00:27:47Z |
| institution | BVB |
| isbn | 1118014324 9781118014325 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025455249 |
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| owner_facet | DE-11 DE-Aug4 DE-473 DE-BY-UBG DE-20 |
| physical | XXIII, 324 S. Ill., graph. Darst. 24 cm |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | Wiley |
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| spelling | Pompian, Michael M. 1963- Verfasser (DE-588)133043452 aut Behavioral finance and wealth management how to build investment strategies that account for investor biases Michael M. Pompian 2. ed. Hoboken, NJ Wiley 2012 XXIII, 324 S. Ill., graph. Darst. 24 cm txt rdacontent n rdamedia nc rdacarrier Psychologie Anlageverhalten (DE-588)4214003-1 gnd rswk-swf Investments / Psychological aspects Investments / Decision making Anlageverhalten (DE-588)4214003-1 s DE-604 Erscheint auch als Online-Ausgabe 978-1-118-18227-7 Erscheint auch als Online-Ausgabe 978-1-118-18228-4 Erscheint auch als Online-Ausgabe 978-1-118-18229-1 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025455249&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Pompian, Michael M. 1963- Behavioral finance and wealth management how to build investment strategies that account for investor biases Psychologie Anlageverhalten (DE-588)4214003-1 gnd |
| subject_GND | (DE-588)4214003-1 |
| title | Behavioral finance and wealth management how to build investment strategies that account for investor biases |
| title_auth | Behavioral finance and wealth management how to build investment strategies that account for investor biases |
| title_exact_search | Behavioral finance and wealth management how to build investment strategies that account for investor biases |
| title_full | Behavioral finance and wealth management how to build investment strategies that account for investor biases Michael M. Pompian |
| title_fullStr | Behavioral finance and wealth management how to build investment strategies that account for investor biases Michael M. Pompian |
| title_full_unstemmed | Behavioral finance and wealth management how to build investment strategies that account for investor biases Michael M. Pompian |
| title_short | Behavioral finance and wealth management |
| title_sort | behavioral finance and wealth management how to build investment strategies that account for investor biases |
| title_sub | how to build investment strategies that account for investor biases |
| topic | Psychologie Anlageverhalten (DE-588)4214003-1 gnd |
| topic_facet | Psychologie Anlageverhalten |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025455249&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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