In this fascinating investigation of the ways we spend, invest, save, borrow, and waste money, Gary Belsky and Thomas Gilovich reveal the psychological causes -- the patterns of thinking and decision making -- of irrational behavior.
The authors draw on insights from the field of behavioral economics to explain why even intelligent and educated individuals often make irrational or suboptimal financial choices. They discuss common cognitive biases, emotional triggers, and social influences that can lead people to make mistakes with their money, such as overconfidence, loss aversion, and herd mentality.
Through real-life examples, case studies, and practical advice, Belsky and Gilovich offer strategies for identifying and correcting these biases to make better financial decisions. They provide readers with tools and techniques for managing risk, resisting temptation, and staying disciplined in the face of uncertainty.
Published on by eBooks
Categories: Personal Finance Economy