A Fast and Frugal Finance

A Fast and Frugal Finance
Author: William P. Forbes,Aloysius Obinna Igboekwu,Shabnam Mousavi
Publsiher: Academic Press
Total Pages: 320
Release: 2019-06-15
ISBN 10: 0128124954
ISBN 13: 9780128124956
Language: EN, FR, DE, ES & NL

A Fast and Frugal Finance Book Review:

A Fast and Frugal Finance: Bridging Contemporary Behavioral Finance and Ecological Rationality adds psychological reality to classical financial reasoning. It shows how financial professionals can reach better and quicker decisions using the 'fast and frugal' framework for decision-making, adding dramatically to time and outcome efficiency, while also retaining accuracy. The book provides the reader with an adaptive toolbox of heuristic tools and classification systems to aid real-world decisions. Throughout, financial applications are presented alongside real-world examples to help readers solve established problems in finance, including stock buying and selling decisions, even in situations of considerable uncertainty and risk. The book concludes by describing potential solutions to financial problems, including discussions on high frequency trading and machine learning algorithms. Demonstrates how well-constructed 'fast and frugal' models can outperform standard models in time and outcome efficiency Focuses on how financial decisions are made in reality rather than how they should be made Discusses how cognition and the decision-making context interact in producing 'fast and frugal' choices Explores the development of decision-making trees in finance to aid in decision-making

Fast and Frugal Decision Making

Fast and Frugal Decision Making
Author: Shabnam Mousavi
Publsiher: Palgrave Macmillan
Total Pages: 240
Release: 2021
ISBN 10: 9781137570789
ISBN 13: 1137570784
Language: EN, FR, DE, ES & NL

Fast and Frugal Decision Making Book Review:

We all want more information in order to make better decisions and calculate risk, but oftentimes that information is scarce. This new strategy, based on extensive cognitive and economic research, shows how to make financial decisions through a 'fast and frugal' method.

Investor Decision Making and the Role of the Financial Advisor

Investor Decision Making and the Role of the Financial Advisor
Author: Caterina Cruciani
Publsiher: Springer
Total Pages: 161
Release: 2017-11-13
ISBN 10: 3319682342
ISBN 13: 9783319682341
Language: EN, FR, DE, ES & NL

Investor Decision Making and the Role of the Financial Advisor Book Review:

This book looks at financial advisory from a behavioural perspective, and focuses on how the nature of the relationship between advisors and clients may affect the ability of the advisor to perform its functions. Broken into three key parts, the book looks at the client, the advisor, and the relationship between the two. Chapters review relevant theories of decision-making under risk to understand the nature of clients’ decisions. The literature on advisors’ functions and the normative landscape regulating financial advisory are also addressed. Finally, this book reviews how behavioural finance has traditionally addressed portfolio selection and explains how trust can be seen as a viable avenue to maximize advisors’ effectiveness and pursue clients’ needs. This book will be of interest to both behavioural finance scholars and practitioners interested in understanding what the future of financial advisory may have in stock.

Meet the Frugalwoods

Meet the Frugalwoods
Author: Elizabeth Willard Thames
Publsiher: HarperCollins
Total Pages: 256
Release: 2018-03-06
ISBN 10: 0062668153
ISBN 13: 9780062668158
Language: EN, FR, DE, ES & NL

Meet the Frugalwoods Book Review:

The deeply personal story of how award-winning personal finance blogger Elizabeth Willard Thames abandoned a successful career in the city and embraced frugality to create a more meaningful, purpose-driven life, and retire to a homestead in the Vermont woods at age thirty-two with her husband and daughter. In 2014, Elizabeth and Nate Thames were conventional 9-5 young urban professionals. But the couple had a dream to become modern-day homesteaders in rural Vermont. Determined to retire as early as possible in order to start living each day—as opposed to wishing time away working for the weekends—they enacted a plan to save an enormous amount of money: well over seventy percent of their joint take home pay. Dubbing themselves the Frugalwoods, Elizabeth began documenting their unconventional frugality and the resulting wholesale lifestyle transformation on their eponymous blog. In less than three years, Elizabeth and Nate reached their goal. Today, they are financially independent and living out their dream on a sixty-six-acre homestead in the woods of rural Vermont with their young daughter. While frugality makes their lifestyle possible, it’s also what brings them peace and genuine happiness. They don’t stress out about impressing people with their material possessions, buying the latest gadgets, or keeping up with any Joneses. In the process, Elizabeth discovered the self-confidence and liberation that stems from disavowing our culture’s promise that we can buy our way to "the good life." Elizabeth unlocked the freedom of a life no longer beholden to the clarion call to consume ever-more products at ever-higher sums. Meet the Frugalwoods is the intriguing story of how Elizabeth and Nate realized that the mainstream path wasn’t for them, crafted a lifestyle of sustainable frugality, and reached financial independence at age thirty-two. While not everyone wants to live in the woods, or quit their jobs, many of us want to have more control over our time and money and lead more meaningful, simplified lives. Following their advice, you too can live your best life.

Handbook of Behavioural Economics and Smart Decision Making

Handbook of Behavioural Economics and Smart Decision Making
Author: Morris Altman
Publsiher: Edward Elgar Publishing
Total Pages: 616
Release: 2017-05-26
ISBN 10: 1782549595
ISBN 13: 9781782549598
Language: EN, FR, DE, ES & NL

Handbook of Behavioural Economics and Smart Decision Making Book Review:

This Handbook is a unique and original contribution of over thirty chapters on behavioural economics, examining and addressing an important stream of research where the starting assumption is that decision-makers are for the most part relatively smart or rational. This particular approach is in contrast to a theme running through much contemporary work where individuals’ behaviour is deemed irrational, biased, and error-prone, often due to how people are hardwired. In the smart people approach, where errors or biases occur and when social dilemmas arise, more often than not, improving the decision-making environment can repair these problems without hijacking or manipulating the preferences of decision-makers. This book covers a wide-range of themes from micro to macro, including various sub-disciplines within economics such as economic psychology, heuristics, fast and slow-thinking, neuroeconomics, experiments, the capabilities approach, institutional economics, methodology, nudging, ethics, and public policy.

Behavioural Finance

Behavioural Finance
Author: William Forbes
Publsiher: John Wiley & Sons
Total Pages: 464
Release: 2009-12-21
ISBN 10: 0470028041
ISBN 13: 9780470028049
Language: EN, FR, DE, ES & NL

Behavioural Finance Book Review:

The study of Behavioural finance is relatively new and examines how individuals’ attitudes and behaviour affect their financial decisions and financial markets. Behavioural Finance builds on existing knowledge and skills that students have already gained on an introductory finance or corporate finance course. The primary focus of the book is on how behavioural approaches extend what students already know. At each stage the theory is developed by application to the FTSE 100 companies and their valuation and strategy. This approach helps the reader understand how behavioural models can be applied to everyday problems faced by practitioners at both a market and individual company level. The book develops simple formal expositions of existing attempts to model the impact of behavioural bias on investor/managers' decisions. Where possible this is done grounding the discussion in practical, numerical, examples from the financial press and business life.

Ecological Rationality

Ecological Rationality
Author: Peter M. Todd,Gerd Gigerenzer
Publsiher: Oxford University Press
Total Pages: 608
Release: 2012-04-10
ISBN 10: 019971794X
ISBN 13: 9780199717941
Language: EN, FR, DE, ES & NL

Ecological Rationality Book Review:

"More information is always better, and full information is best. More computation is always better, and optimization is best." More-is-better ideals such as these have long shaped our vision of rationality. Yet humans and other animals typically rely on simple heuristics to solve adaptive problems, focusing on one or a few important cues and ignoring the rest, and shortcutting computation rather than striving for as much as possible. In this book, we argue that in an uncertain world, more information and computation are not always better, and we ask when, and why, less can be more. The answers to these questions constitute the idea of ecological rationality: how we are able to achieve intelligence in the world by using simple heuristics matched to the environments we face, exploiting the structures inherent in our physical, biological, social, and cultural surroundings.

Frugal Isn t Cheap

Frugal Isn t Cheap
Author: Clare Levison
Publsiher: Red Wheel/Weiser
Total Pages: 256
Release: 2013-07-19
ISBN 10: 1601635338
ISBN 13: 9781601635334
Language: EN, FR, DE, ES & NL

Frugal Isn t Cheap Book Review:

In Frugal Isn’t Cheap, Clare Levison serves up practical financial advice with a side of southern charm. Filled with real-life stories, it will challenge you to change the way you think about money. Her message is deceptively simple and clear: it’s cool to be smart about your money; it’s stylish to be sensible rather than overindulgent; financial stability is more glamorous than extravagance. But cut up the credit cards? No way. Levison prefers to promote responsibility rather than abstinence. She takes a realistic approach to personal finance that we can all live with, including: How to find and nurture your frugal side Why you don’t need to cut up your credit cards The simple formula for financial success The Savings Challenge, 20% The best ways to make large purchases

The New Frugality

The New Frugality
Author: Chris Farrell
Publsiher: Bloomsbury Publishing USA
Total Pages: 256
Release: 2010-08-19
ISBN 10: 9781608191697
ISBN 13: 1608191699
Language: EN, FR, DE, ES & NL

The New Frugality Book Review:

As the recession deepens, with a downturn in spending, rise in defaulting mortgages and throttling of credit, a Go-Go economy has transitioned to a Uh-Oh economy. How did we get here and what does it mean for individuals and families? The New Frugality lays out how Americans have overspent-and offers a way out through consuming less and saving more-showing that living simply is not just living "cheaply." What is required is a paradigm shift. We need to learn to live more modestly by cutting back on spending, actually attempting to live within our means and increasing savings. Farrell outlines creative new ways of thinking that can help us to accomplish this, not just by reverting to earlier financial models, but by innovating new solutions that are appropriate to the times we live in. In some ways, The New Frugality is the fiscal equivalent of the green movement; and indeed, going green is also part of the project. In The New Frugality Farrell will show where the economy is going, how it will affect regular families, and how they can weather the storm.

Clever Girl Finance

Clever Girl Finance
Author: Bola Sokunbi
Publsiher: John Wiley & Sons
Total Pages: 224
Release: 2019-06-25
ISBN 10: 1119580838
ISBN 13: 9781119580836
Language: EN, FR, DE, ES & NL

Clever Girl Finance Book Review:

Take charge of your finances and achieve financial independence – the Clever Girl way Join the ranks of thousands of smart and savvy women who have turned to money expert and author Bola Sokunbi for guidance on ditching debt, saving money, and building real wealth. Sokunbi, the force behind the hugely popular Clever Girl Finance website, draws on her personal money mistakes and financial redemption to educate and empower a new generation of women on their journey to financial freedom. Lighthearted and accessible, Clever Girl Finance encourages women to talk about money and financial wellness and shows them how to navigate their own murky financial waters and come out afloat on the other side. Monitor your expenses, build a budget, and stick with it Make the most of a modest salary and still have money to spare Keep your credit in check and clean up credit card chaos Start and succeed at your side hustle Build a nest egg and invest in your future Transform your money mindset and be accountable for your financial well-being Feel the power of real-world stories from other “clever girls” Put yourself on the path to financial success with the valuable lessons learned from Clever Girl Finance.

Simple Heuristics that Make Us Smart

Simple Heuristics that Make Us Smart
Author: Gerd Gigerenzer,Peter M. Todd,ABC Research Group
Publsiher: Oxford University Press
Total Pages: 432
Release: 2000-10-12
ISBN 10: 0190286768
ISBN 13: 9780190286767
Language: EN, FR, DE, ES & NL

Simple Heuristics that Make Us Smart Book Review:

Simple Heuristics That Make Us Smart invites readers to embark on a new journey into a land of rationality that differs from the familiar territory of cognitive science and economics. Traditional views of rationality tend to see decision makers as possessing superhuman powers of reason, limitless knowledge, and all of eternity in which to ponder choices. To understand decisions in the real world, we need a different, more psychologically plausible notion of rationality, and this book provides it. It is about fast and frugal heuristics--simple rules for making decisions when time is pressing and deep thought an unaffordable luxury. These heuristics can enable both living organisms and artificial systems to make smart choices, classifications, and predictions by employing bounded rationality. But when and how can such fast and frugal heuristics work? Can judgments based simply on one good reason be as accurate as those based on many reasons? Could less knowledge even lead to systematically better predictions than more knowledge? Simple Heuristics explores these questions, developing computational models of heuristics and testing them through experiments and analyses. It shows how fast and frugal heuristics can produce adaptive decisions in situations as varied as choosing a mate, dividing resources among offspring, predicting high school drop out rates, and playing the stock market. As an interdisciplinary work that is both useful and engaging, this book will appeal to a wide audience. It is ideal for researchers in cognitive psychology, evolutionary psychology, and cognitive science, as well as in economics and artificial intelligence. It will also inspire anyone interested in simply making good decisions.

Heuristics

Heuristics
Author: Gerd Gigerenzer,Ralph Hertwig,Thorsten Pachur
Publsiher: OUP USA
Total Pages: 912
Release: 2011-05-26
ISBN 10: 9780199744282
ISBN 13: 0199744289
Language: EN, FR, DE, ES & NL

Heuristics Book Review:

This book compiles key articles of the simple heuristics program published across journals in different disciplines. It introduces the evolution and structure of the program, and puts each of the articles into context by short introductions. These articles present theory, real-world applications, and a sample of the large number of existing experimental studies that provide evidence for people's adaptive use of heuristics.

Classification in the Wild

Classification in the Wild
Author: Ozgur Simsek,Konstantinos Katsikopoulos,Marcus Buckmann,Gerd Gigerenzer
Publsiher: Unknown
Total Pages: 200
Release: 2021-02-02
ISBN 10: 026204515X
ISBN 13: 9780262045155
Language: EN, FR, DE, ES & NL

Classification in the Wild Book Review:

"A "bounded rationality" approach to understanding how people classify entities in real world situations, with imperfect information and limited time"--

Playing with FIRE Financial Independence Retire Early

Playing with FIRE  Financial Independence Retire Early
Author: Scott Rieckens
Publsiher: New World Library
Total Pages: 224
Release: 2019-01-01
ISBN 10: 1608685810
ISBN 13: 9781608685813
Language: EN, FR, DE, ES & NL

Playing with FIRE Financial Independence Retire Early Book Review:

What if a happier life was only a few simple choices away? A successful entrepreneur living in Southern California, Scott Rieckens had built a “dream life”: a happy marriage, a two-year-old daughter, a membership to a boat club, and a BMW in the driveway. But underneath the surface, Scott was creatively stifled, depressed, and overworked trying to help pay for his family’s beach-town lifestyle. Then one day, Scott listened to a podcast interview that changed everything. Five months later, he had quit his job, convinced his family to leave their home, and cut their expenses in half. Follow Scott and his family as they devote everything to FIRE (financial independence retire early), a subculture obsessed with maximizing wealth and happiness. Filled with inspiring case studies and powerful advice, Playing with FIRE is one family’s journey to acquire the one thing that money can’t buy: a simpler — and happier — life. Based on the documentary

The Spender s Guide to Debt Free Living

The Spender s Guide to Debt Free Living
Author: Anna Newell Jones
Publsiher: HarperCollins
Total Pages: 240
Release: 2016-04-26
ISBN 10: 0062367307
ISBN 13: 9780062367303
Language: EN, FR, DE, ES & NL

The Spender s Guide to Debt Free Living Book Review:

Popular blogger Anna Newell Jones of AndThenWeSaved.com delivers this self-help manifesto that reveals how a "spending fast" will help you get on the road to living debt-free. In 2009, young photographer Anna Newell Jones was rapidly suffocating under the weight of too much debt. An inveterate “spender,” she was in way over her head, to the tune of almost $24,000. She knew her debt was only going to get worse if she didn’t take action, but she didn’t know where to look for help. On a whim, Anna decided to go on a spending fast—an idea she heard in passing but knew little about. Creating her own method, she learned what worked and what didn’t and wrote about it on her blog, AndThenWeSaved.com. Amazingly, Anna was able to eliminate all $23,605.10 of her debt in only 15 months! She was interviewed in Forbes, Self, Glamour, Good Housekeeping, and the Chicago Tribune. Anna’s journey inspired people and showed them that they too could change the way they dealt with their own money woes. The Spender’s Guide To Debt-Free Living takes readers through a detailed step-by-step plan on how to do a Spending Fast and get out of debt, including: Creating a personalized Debt-Free Life Pledge. Understanding where your money is going when you’re in debt, and where it will come from to pay it off. Learning why putting money into a savings account before (or while) paying off debt may not be the best idea for you. Finding additional income sources and generating side gigs. Re-integrating spending into your life once you’re out of debt, so that you stay out of debt. Filled with do-it-yourself ideas, insight from experts, and tons of motivational tips and real-life practical advice, The Spender’s Guide to Debt-Free Living proves that you don’t have to win the lottery or get a new job to change your life.

Models of Bounded Rationality

Models of Bounded Rationality
Author: Herbert Alexander Simon
Publsiher: Unknown
Total Pages: 329
Release: 1983
ISBN 10:
ISBN 13: LCCN:81018620
Language: EN, FR, DE, ES & NL

Models of Bounded Rationality Book Review:

Towards a Cognitive Mode in Global Finance

Towards a Cognitive Mode in Global Finance
Author: Torsten Strulik,Helmut Willke
Publsiher: Campus Verlag Gmbh
Total Pages: 305
Release: 2006
ISBN 10:
ISBN 13: STANFORD:36105131678281
Language: EN, FR, DE, ES & NL

Towards a Cognitive Mode in Global Finance Book Review:

The global finance system has been the subject of hot debate for several years. Major players such as the International Monetary Fund and the World Bank have come under fire for their financial practices, while the role of epistemic authorities, including rating agencies, remains unclear. This book systematically analyzes the role knowledge plays in global finance reform by considering its influence in the empirical areas of finance (banking, accounting, and bond rating, for example). As the contributors demonstrate, current institutional management strategies reflect a shift toward “cognitive,” or learning-based modes of managing financial and political risks—and this cognitive thinking has its own consequences for the global marketplace.

Bounded Rationality

Bounded Rationality
Author: Gerd Gigerenzer,Reinhard Selten
Publsiher: MIT Press
Total Pages: 377
Release: 2002
ISBN 10: 9780262571647
ISBN 13: 0262571641
Language: EN, FR, DE, ES & NL

Bounded Rationality Book Review:

This book promotes bounded rationality as the key to understanding how real people make decisions.

The 21 Day Financial Fast

The 21 Day Financial Fast
Author: Michelle Singletary
Publsiher: Zondervan
Total Pages: 256
Release: 2014-01-07
ISBN 10: 0310338468
ISBN 13: 9780310338468
Language: EN, FR, DE, ES & NL

The 21 Day Financial Fast Book Review:

Financial Peace and Freedom in 21 Days In The 21-Day Financial Fast, award-winning writer and The Washington Post columnist Michelle Singletary proposes a field-tested financial challenge. For twenty-one days, participants will put away their credit cards and buy only the barest essentials. With Michelle’s guidance during this three-week financial fast, you will discover how to: Break bad spending habits Plot a course to become debt-free with the Debt Dash Plan Avoid the temptation of overspending for college Learn how to prepare elderly relatives and yourself for future long-term care expenses Be prepared for any contingency with a Life Happens Fund Stop worrying about money and find the priceless power of financial peace As you discover practical ways to achieve financial freedom, you’ll experience what it truly means to live a life of financial peace and prosperity. Thousands of individuals have participated in the fast and as a result have gotten out of debt and become better managers of their money and finances. The 21-Day Financial Fast is great for earners at any income-level or stage of life, whether you are living paycheck-to-paycheck or just trying to make smarter financial choices.

Handbook of Finance Investment Management and Financial Management

Handbook of Finance  Investment Management and Financial Management
Author: Frank J. Fabozzi
Publsiher: Wiley
Total Pages: 996
Release: 2008-08-04
ISBN 10: 9780470078150
ISBN 13: 0470078154
Language: EN, FR, DE, ES & NL

Handbook of Finance Investment Management and Financial Management Book Review:

Volume II: Investment Management and Financial Management focuses on the theories, decisions, and implementations aspects associated with both financial management and investment management. It discusses issues that dominate the financial management arena—capital structure, dividend policies, capital budgeting, and working capital—and highlights the essential elements of today's investment management environment, which include allocating funds across major asset classes and effectively dealing with equity and fixed income portfolios. Incorporating timely research and in-depth analysis, the Handbook of Finance is a comprehensive 3-Volume Set that covers both established and cutting-edge theories and developments in finance and investing. Other volumes in the set: Handbook of Finance Volume I: Financial Markets and Instruments and Handbook of Finance Volume III: Valuation, Financial Modeling, and Quantitative Tools.