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"Behavioral finance is finance for normal people, like you and me. This book is also about transformation from normal-ignorant to normal-knowledgeable, learning the lessons of behavioral finance and applying them to banish ignorance, gain knowledge, and increase the ratio of smart to stupid...
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The current global financial and economic crisis highlights the ongoing tug-of-war between those who pull toward free markets and those who pull toward strict regulation of markets - between those who pull toward libertarianism and those who pull toward paternalism. Rising stock markets and...
Persistent link: https://www.econbiz.de/10013159207
Behavioral finance presented in Finance for Normal People is a second generation behavioral finance. The first generation, starting in the early 1980s, largely accepted standard finance's notion of people's wants as “rational” wants – restricted to the utilitarian benefits of high returns...
Persistent link: https://www.econbiz.de/10012957105