{"product_id":"behavioral-finance-for-private-banking-9781119453703","title":"Behavioral Finance for Private Banking","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eChapter 1 Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Behavioral Biases 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Information Selection Biases 6\u003c\/p\u003e \u003cp\u003e2.2 Information Processing Biases 11\u003c\/p\u003e \u003cp\u003e2.3 Biases after Receiving Feedback 31\u003c\/p\u003e \u003cp\u003e2.4 Are More Heads Smarter Than One? 33\u003c\/p\u003e \u003cp\u003e2.5 Summary of Biases 35\u003c\/p\u003e \u003cp\u003e2.6 Conclusion 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Cultural Differences in Investors’ Behavior 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 What Is Financial Culture? 41\u003c\/p\u003e \u003cp\u003e3.2 The INTRA Study 43\u003c\/p\u003e \u003cp\u003e3.3 Conclusion 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Neurological Foundations and Biases’ Moderation 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 The Human Brain 47\u003c\/p\u003e \u003cp\u003e4.2 Insights for Behavioral Finance 48\u003c\/p\u003e \u003cp\u003e4.3 Moderation of Biases 49\u003c\/p\u003e \u003cp\u003e4.4 Conclusion 50\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Diagnostic Tests for Investment Personality 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 A Case Study 51\u003c\/p\u003e \u003cp\u003e5.2 Design of Diagnostic Questionnaires 52\u003c\/p\u003e \u003cp\u003e5.3 Knowledge and Investment Experience 53\u003c\/p\u003e \u003cp\u003e5.4 Psychology and Emotions 59\u003c\/p\u003e \u003cp\u003e5.5 Client’s Diagnostic Profile 65\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Decision Theory 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Introduction 69\u003c\/p\u003e \u003cp\u003e6.2 A (Very) Short History of Decision Theory 70\u003c\/p\u003e \u003cp\u003e6.3 Expected Utility 73\u003c\/p\u003e \u003cp\u003e6.4 Mean-Variance Analysis 76\u003c\/p\u003e \u003cp\u003e6.5 Prospect Theory 78\u003c\/p\u003e \u003cp\u003e6.6 Rationality of Mean-Variance and Prospect Theory 87\u003c\/p\u003e \u003cp\u003e6.7 The Optimal Asset Allocation 91\u003c\/p\u003e \u003cp\u003e6.8 Comparing the Decision Theories 102\u003c\/p\u003e \u003cp\u003e6.9 Conclusion 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Product Design 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Introduction 105\u003c\/p\u003e \u003cp\u003e7.2 Case Study 107\u003c\/p\u003e \u003cp\u003e7.3 Theory of Product Design 114\u003c\/p\u003e \u003cp\u003e7.4 Structured Products Designed by Customers 120\u003c\/p\u003e \u003cp\u003e7.5 Conclusion 123\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Dynamic Asset Allocation 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Time Diversification 126\u003c\/p\u003e \u003cp\u003e8.2 Rebalancing 129\u003c\/p\u003e \u003cp\u003e8.3 Conclusion 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Life-Cycle Planning 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Case Study 137\u003c\/p\u003e \u003cp\u003e9.2 Case Study Werner Bruni 139\u003c\/p\u003e \u003cp\u003e9.3 Consumption Smoothing 140\u003c\/p\u003e \u003cp\u003e9.4 The Life-Cycle Hypothesis 141\u003c\/p\u003e \u003cp\u003e9.5 The Behavioral Life-Cycle Hypothesis 143\u003c\/p\u003e \u003cp\u003e9.6 Conclusion 146\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Risk Profiling 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Risk-Profiling Methodologies 148\u003c\/p\u003e \u003cp\u003e10.2 Comparing Risk-Profiling Methodologies 151\u003c\/p\u003e \u003cp\u003e10.3 A Case Study 152\u003c\/p\u003e \u003cp\u003e10.4 The Risk Dimensions 153\u003c\/p\u003e \u003cp\u003e10.5 Behavioral Risk Profiler 155\u003c\/p\u003e \u003cp\u003e10.6 Risk Profiling and Its Regulation 166\u003c\/p\u003e \u003cp\u003e10.7 Conclusion 167\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Structured Wealth Management Process 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Benefits 172\u003c\/p\u003e \u003cp\u003e11.2 Implementation 173\u003c\/p\u003e \u003cp\u003e11.3 Regulatory Requirements 174\u003c\/p\u003e \u003cp\u003e11.4 Structuring the Wealth Management Process 177\u003c\/p\u003e \u003cp\u003e11.5 Relevance of Different Theories 196\u003c\/p\u003e \u003cp\u003e11.6 Complying with the Regulatory Requirements 197\u003c\/p\u003e \u003cp\u003e11.7 Information Technology in Client Advisory Services 197\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Fintech 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 History of Fintech 201\u003c\/p\u003e \u003cp\u003e12.2 Current State of Fintech 201\u003c\/p\u003e \u003cp\u003e12.3 Assessment of Fintech Solutions 202\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Case Studies 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Case Study 1: Structured Wealth Management 204\u003c\/p\u003e \u003cp\u003e13.2 Case Study 2: Experience Sampling 209\u003c\/p\u003e \u003cp\u003e13.3 Case Study 3: Goal-based Approach 210\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Conclusions 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Appendix: Mathematical Arguments 221\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Proof that Expected Utility Satisfies the Axioms of Rational Choice 221\u003c\/p\u003e \u003cp\u003e15.2 Derivation of the Fourfold Pattern of Risk Taking 222\u003c\/p\u003e \u003cp\u003e15.3 Mean-Variance as a Special Case of Prospect Theory 222\u003c\/p\u003e \u003cp\u003e15.4 Prospect Theory Optimal Asset Allocation 224\u003c\/p\u003e \u003cp\u003e15.5 No Time Diversification Theorem 225\u003c\/p\u003e \u003cp\u003eReferences 227\u003c\/p\u003e \u003cp\u003eIndex 235\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default 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