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Combining the new field of behavioral finance with the real world of
investing, this engaging new book explores the mind-sets and motivations behind the major
money decisions—and most common mistakes—that investors make every day. With insider's
insight, and a storyteller's voice, behavioral finance expert Meir Statman reveals What
Investors Really Want . . .
- Investors want bigger profits with lower risks. How our desire for free
investment lunches can leave us with no lunches
- Investors want to play and win. How our desire to win the investment game can
turn us into losers
- Investors want to save money for tomorrow and spend it today. How we struggle
between spending too much and spending too little
- Investors want status, respect, and social responsibility. How to know what's
really important in life
- Investors do not want to face financial losses. How to recognize and confront
the regret that accompanies losses
You'll also learn how age, gender, genetics, and personality affect your investment
decisions and how people of different countries and cultures think about risks and
returns, poverty, and wealth. You'll discover how behavioral finance provides key insights
into the behavior that has rocked investment markets in recent years. And, most important,
you'll learn to recognize the desires, thoughts, and emotions that drive your own
investment decisions—so you can drive better on your road to investment success.
Table of Contents
Chapter One: We Want High Returns with No Risk;
Chapter Two: We Have Thoughts, Some Erroneous;
Chapter Three: We Have Emotions, Some Misleading;
Chapter Four: We Want to Play, and Win;
Chapter Five: We Join Herds and Inflate Bubbles;
Chapter Six: We Want Self Control and Mental Accounts;
Chapter Seven: We Want to Save for Tomorrow and Spend it Today;
Chapter Eight: We Want Hope for Riches and Freedom from the Fear of Poverty;
Chapter Nine: We Have Similar Wants and Different Ones;
Chapter Ten: We Want to Face No Losses;
Chapter Eleven: We Want to Pay No Taxes;
Chapter Twelve: We Want High Status and Proper Respect;
Chapter Thirteen: We Want to Stay True to Our Values;
Chapter Fourteen: We Want Fairness;
304 pages, Hardcover