{"product_id":"behavioral-finance-and-wealth-management-9781118014325","title":"Behavioral Finance and Wealth Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe book that applies behavioral finance to the real world    Understanding how to use behavioral finance theory in investing is a hot topic these days.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xxiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Introduction to Behavioral Finance 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 What Is Behavioral Finance? 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBehavioral Finance: The Big Picture 4\u003c\/p\u003e \u003cp\u003eStandard Finance versus Behavioral Finance 12\u003c\/p\u003e \u003cp\u003eThe Role of Behavioral Finance with Private Clients 19\u003c\/p\u003e \u003cp\u003eHow Practical Application of Behavioral Finance Can Create a Successful Advisory Relationship 19\u003c\/p\u003e \u003cp\u003eNotes 21\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The History of Behavioral Finance Micro 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistorical Perspective on the Link between Psychology and Economics 23\u003c\/p\u003e \u003cp\u003eModern Behavioral Finance 27\u003c\/p\u003e \u003cp\u003ePsychographic Models Used in Behavioral Finance 36\u003c\/p\u003e \u003cp\u003eNotes 40\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Introduction to Behavioral Biases 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 43\u003c\/p\u003e \u003cp\u003eBehavioral Biases Defined 44\u003c\/p\u003e \u003cp\u003eWhy Understanding and Identifying Behavioral Biases Is Important 45\u003c\/p\u003e \u003cp\u003eCategorization of Behavioral Biases 46\u003c\/p\u003e \u003cp\u003eDifferences between Cognitive and Emotional Biases 46\u003c\/p\u003e \u003cp\u003eDifference among Cognitive Biases 47\u003c\/p\u003e \u003cp\u003eEmotional Biases 48\u003c\/p\u003e \u003cp\u003eA Final Word on Biases 49\u003c\/p\u003e \u003cp\u003eSummary of Part One 50\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Belief Perseverance Biases Defined and Illustrated 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Cognitive Dissonance Bias 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 53\u003c\/p\u003e \u003cp\u003ePractical Application 55\u003c\/p\u003e \u003cp\u003eResearch Review 57\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 59\u003c\/p\u003e \u003cp\u003eAdvice 60\u003c\/p\u003e \u003cp\u003eConclusion 62\u003c\/p\u003e \u003cp\u003eNotes 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Conservatism Bias 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 63\u003c\/p\u003e \u003cp\u003ePractical Application 64\u003c\/p\u003e \u003cp\u003eResearch Review 67\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 69\u003c\/p\u003e \u003cp\u003eAdvice 70\u003c\/p\u003e \u003cp\u003eNotes 71\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Confirmation Bias 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 73\u003c\/p\u003e \u003cp\u003ePractical Application 75\u003c\/p\u003e \u003cp\u003eResearch Review 77\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 81\u003c\/p\u003e \u003cp\u003eAdvice 83\u003c\/p\u003e \u003cp\u003eNotes 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Representativeness Bias 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 85\u003c\/p\u003e \u003cp\u003ePractical Application 87\u003c\/p\u003e \u003cp\u003eResearch Review 89\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 93\u003c\/p\u003e \u003cp\u003eAdvice 94\u003c\/p\u003e \u003cp\u003eNotes 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Illusion of Control Bias 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 99\u003c\/p\u003e \u003cp\u003ePractical Application 100\u003c\/p\u003e \u003cp\u003eResearch Review 103\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 104\u003c\/p\u003e \u003cp\u003eAdvice 105\u003c\/p\u003e \u003cp\u003eFinal Thought 106\u003c\/p\u003e \u003cp\u003eNotes 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Hindsight Bias 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 107\u003c\/p\u003e \u003cp\u003ePractical Application 108\u003c\/p\u003e \u003cp\u003eResearch Review 109\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 112\u003c\/p\u003e \u003cp\u003eAdvice 113\u003c\/p\u003e \u003cp\u003eNotes 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Information Processing Biases Defined and Illustrated 117\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview of the Structure of Chapters 10 through 16 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Mental Accounting Bias 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 119\u003c\/p\u003e \u003cp\u003ePractical Application 121\u003c\/p\u003e \u003cp\u003eResearch Review 123\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 128\u003c\/p\u003e \u003cp\u003eAdvice 130\u003c\/p\u003e \u003cp\u003eThe Behavioral Finance Approach to Asset Allocation based on Mental Accounting 133\u003c\/p\u003e \u003cp\u003eNotes 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Anchoring and Adjustment Bias 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 135\u003c\/p\u003e \u003cp\u003ePractical Application 136\u003c\/p\u003e \u003cp\u003eResearch Review 138\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 139\u003c\/p\u003e \u003cp\u003eAdvice 140\u003c\/p\u003e \u003cp\u003eBonus Discussion: Investment Strategies that Leverage Anchoring and Adjustment Bias 141\u003c\/p\u003e \u003cp\u003eNotes 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Framing Bias 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 143\u003c\/p\u003e \u003cp\u003ePractical Application 145\u003c\/p\u003e \u003cp\u003eResearch Review 148\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 150\u003c\/p\u003e \u003cp\u003eAdvice 152\u003c\/p\u003e \u003cp\u003eNotes 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Availability Bias 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 155\u003c\/p\u003e \u003cp\u003ePractical Application 157\u003c\/p\u003e \u003cp\u003eResearch Review 160\u003c\/p\u003e \u003cp\u003eDiagnostic Test 162\u003c\/p\u003e \u003cp\u003eAdvice 163\u003c\/p\u003e \u003cp\u003eNotes 164\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Self-Attribution Bias 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 165\u003c\/p\u003e \u003cp\u003ePractical Application 166\u003c\/p\u003e \u003cp\u003eResearch Review 167\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 169\u003c\/p\u003e \u003cp\u003eAdvice 170\u003c\/p\u003e \u003cp\u003eNotes 171\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Outcome Bias 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 173\u003c\/p\u003e \u003cp\u003eDiagnostic 176\u003c\/p\u003e \u003cp\u003eNotes 178\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Recency Bias 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 179\u003c\/p\u003e \u003cp\u003ePractical Application 181\u003c\/p\u003e \u003cp\u003eResearch Review 184\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 185\u003c\/p\u003e \u003cp\u003eAdvice 187\u003c\/p\u003e \u003cp\u003eNotes 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Emotional Biases Defined and Illustrated 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Loss Aversion Bias 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 191\u003c\/p\u003e \u003cp\u003ePractical Application 193\u003c\/p\u003e \u003cp\u003eResearch Review 194\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 195\u003c\/p\u003e \u003cp\u003eAdvice 196\u003c\/p\u003e \u003cp\u003eNotes 197\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Overconfidence Bias 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 199\u003c\/p\u003e \u003cp\u003ePractical Application 200\u003c\/p\u003e \u003cp\u003eResearch Review 201\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 203\u003c\/p\u003e \u003cp\u003eAdvice 206\u003c\/p\u003e \u003cp\u003eA Final Word on Overconfidence 208\u003c\/p\u003e \u003cp\u003eNotes 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Self-Control Bias 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 211\u003c\/p\u003e \u003cp\u003ePractical Application 214\u003c\/p\u003e \u003cp\u003eResearch Review 216\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 219\u003c\/p\u003e \u003cp\u003eAdvice 220\u003c\/p\u003e \u003cp\u003eNotes 222\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Status Quo Bias 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 223\u003c\/p\u003e \u003cp\u003ePractical Application 224\u003c\/p\u003e \u003cp\u003eResearch Review 225\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 226\u003c\/p\u003e \u003cp\u003eAdvice 228\u003c\/p\u003e \u003cp\u003eNotes 229\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Endowment Bias 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 231\u003c\/p\u003e \u003cp\u003ePractical Application 232\u003c\/p\u003e \u003cp\u003eResearch Review 235\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 237\u003c\/p\u003e \u003cp\u003eAdvice 239\u003c\/p\u003e \u003cp\u003eNotes 240\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22 Regret Aversion Bias 243\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 243\u003c\/p\u003e \u003cp\u003ePractical Application 244\u003c\/p\u003e \u003cp\u003eResearch Review 246\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 247\u003c\/p\u003e \u003cp\u003eAdvice 249\u003c\/p\u003e \u003cp\u003eNotes 251\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23 Affinity Bias 253\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBias Description 253\u003c\/p\u003e \u003cp\u003eResearch Review 256\u003c\/p\u003e \u003cp\u003eDiagnostic Testing 258\u003c\/p\u003e \u003cp\u003eAdvice 259\u003c\/p\u003e \u003cp\u003eNotes 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five Application of Behavioral Finance to Asset Allocation and Case Studies 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24 Application of Behavioral Finance to Asset Allocation 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePractical Application of Behavioral Finance 264\u003c\/p\u003e \u003cp\u003eBest Practical Allocation 266\u003c\/p\u003e \u003cp\u003eGuidelines for Determining Best Practical Asset Allocation 267\u003c\/p\u003e \u003cp\u003eQuantitative Guidelines for Incorporating Behavioral Finance in Asset Allocation 269\u003c\/p\u003e \u003cp\u003eInvestment Policy and Asset Allocation 271\u003c\/p\u003e \u003cp\u003eNotes 271\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25 Case Studies 273\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCase Study A: Mr. Nicholas 276\u003c\/p\u003e \u003cp\u003eCase Study B: Mrs. Alexander 281\u003c\/p\u003e \u003cp\u003eSummary of Case Studies 286\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Six Behavioral Investor Types 287\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26 Behavioral Investor Type Diagnostic Process 289\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBackground of the Development of Behavioral Investor Types 290\u003c\/p\u003e \u003cp\u003ePsychographic Models of Investor Behavior 291\u003c\/p\u003e \u003cp\u003eEarly Psychographic Models 293\u003c\/p\u003e \u003cp\u003eThe Behavioral Alpha Process: A Top-Down Approach 295\u003c\/p\u003e \u003cp\u003eThe BIT Identification Process 296\u003c\/p\u003e \u003cp\u003eSummary 299\u003c\/p\u003e \u003cp\u003eNotes 300\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 27 Behavioral Investor Types 301\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 301\u003c\/p\u003e \u003cp\u003ePreserver 302\u003c\/p\u003e \u003cp\u003eFollower 305\u003c\/p\u003e \u003cp\u003eIndependent 308\u003c\/p\u003e \u003cp\u003eAccumulator 312\u003c\/p\u003e \u003cp\u003eSummary 315\u003c\/p\u003e \u003cp\u003eIndex 317\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406820712791,"sku":"9781118014325","price":51.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118014325.jpg?v=1730497227","url":"https:\/\/bookcurl.com\/products\/behavioral-finance-and-wealth-management-9781118014325","provider":"Book Curl","version":"1.0","type":"link"}