Why don’t people reinvest in stocks after having lost money on them? Why do men prefer stocks and women bonds? Why set an inflated asking price when selling a house? All these serious and unexpected questions demonstrate that our personalities, emotions, education and/or superstitions are largely responsible for our bad investments. The experiments in this book offers “self-help” for investors to properly modify their asset allocations decisions based on an understanding of psychoanalysis, learning theory, social psychology, and creative visualization, which can lead to greater success as a trader.
Book Details:
- Author: Mickel Mangot
- ISBN: 9781118580349
- Year Published: 2008
- Pages: 200
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
Why don’t people reinvest in stocks after having lost money on them? Why do men prefer stocks and women bonds? Why set an inflated asking price when selling a house? All these serious and unexpected questions demonstrate that our personalities, emotions, education and/or superstitions are largely responsible for our bad investments. The experiments in this book offers “self-help” for investors to properly modify their asset allocations decisions based on an understanding of psychoanalysis, learning theory, social psychology, and creative visualization, which can lead to greater success as a trader.
Behavioral finance and behavioral economics apply scientific research on human and social cognitive and emotional biases to better understand economic decisions and how they affect market prices, returns and the allocation of resources.
Teaches traders how to lose less on bad trades and make more on profitable ones. Explains how to not be a slave to the market and how to master the market by mastering yourself. Explains how to learn from your failures and how to choose a trading strategy (long-term, short-term, or otherwise) that works for you. Includes information on how to find trading systems and methods best suited to your temperament, finances, and personality.
About the Author
Dr Mickael Mangot is a specialist in financial behaviour and winner of the Prix Turgot in 2006 for the best book on financial economics. Dr Mangot teaches Macroeconomics applied to the Asian context at the ESSEC Asian Center and is conducting research on investment behavior in Asia. He has published three books on finance and is based in Paris, France.