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Behavioural Finance: Insights into Irrational Minds and Markets

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Behavioural Finance: Insights into Irrational Minds and Markets

(4 customer reviews)

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749780470844878

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A concrete guide that links the theory of behavioral finance with applications in financial products
Behavioral finance is a rapidly expanding field, with major implications for the way in which the investment process is conducted. Behavioural Finance links the concepts of behavioral finance to measurable variables and smarter investment decision making. Comprehensive coverage relating theory to practical investment analysis provides a usable, practical guide for real-world situations.

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Product Details

Author:	James Montier
Hardcover:	193 pages
Publisher:	Wiley
Publication Date:	October 15, 2002
Language:	English
ISBN:	0470844876
Product Width:	1.75 centimeters
Product Height:	2.5 centimeters
Product Weight:	0.01 pounds
Package Length:	9.7 inches
Package Width:	6.8 inches
Package Height:	0.8 inches
Package Weight:	1.1 pounds
Average Customer Rating:	based on 4 reviews

Customer Reviews

Average Customer Review: 4.0

( 4 customer reviews )
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Most Helpful Customer Reviews

24 of 26 found the following review helpful:

Okay for a quick read but too brief to be impressive or useful Sep 07, 2005 By ServantofGod
Perhaps it's the author's intent to make the book as concise but informative as possible that it became a highly concentrated dose of investment psychology and empirical stuff not easily digestable for rookies or even veterans without a strong academic background on finance. For example, he had covered in the 28 page first chapter, psychology theories (with source reference, and simple background/statistics info/support) including over-confidence, over-optimissim, cognitive dissonance, confirmation bias, conservatism bias, anchoring, representativeness heuristic, availability bias, ambiguity aversion, frame dependence/mental accounting, utility theory (dynamic) prospect theory etc. Do you get what I mean?

IMHO, this book can serve as a recap for advanced traders who understand well basic financial concepts including Efficient Market Hypothesis and it's offsprings like CAPM, and can read statistics and essays with ease. For novices, "Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing" by Hersh Shefrin and "The psychology of Finance by Lars Tvede" should be better choices.

p.s. The conclusions in the end of each chapter are well written, I must add. However, I cant say there are significant correlation between individual chapters.

11 of 12 found the following review helpful:

Summary of Behavioral Finance Studies Aug 09, 2005 By Brian Lomax
This book summarizes the findings of numerous behavioral finance pundits. The author starts with a brief review of pertinent psychology and then addresses topics pertaining to asset management, security analysis and corporate finance. The chapters are broken into small capsules to explain study results on specific topics. I found the subject material interesting but would have liked more detail on how to apply the study findings.

4 of 7 found the following review helpful:

This Is My Financial Bible Nov 07, 2006 By Jim Risser "kavajava.com"
This book is jammed packed with lots of information. I'm on my third read of it. It's hard to understand for a novice like myself, but with each subsequent read, I pick up more information. Plus, there's a lenghty bibliography where you can find references to more in-depth research.

For anyone who is a student of finance and wants practical, research proven information, this is the book for you!

0 of 1 found the following review helpful:

Good Buy Jun 14, 2010 By L. Redmon
I was 100% pleased with my purchase. The book arrived within 3 business days and was in the advertised condition.