Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics

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Protect and grow your finances with help from this definitive and practical guide to behavioral economics—revised and updated to reflect new economic realities.
In their fascinating investigation of the ways we handle money, Gary Belsky and Thomas Gilovich reveal the psychological forces—the patterns of thinking and decision making—behind seemingly irrational behavior. They explain why so many otherwise savvy people make foolish financial choices: why investors are too quick to sell winning stocks and too slow to sell losing shares, why home sellers leave money on the table and home buyers don’t get the biggest bang for their buck, why borrowers pay too much credit card interest and savers can’t sock away as much as they’d like, and why so many of us can’t control our spending. Focusing on the decisions we make every day, Belsky and Gilovich provide invaluable guidance for avoiding the financial faux pas that can cost thousands of dollars each year.
Filled with fresh insight; practical advice; and lively, illustrative anecdotes, this book gives you the tools you need to harness the powerful science of behavioral economics in any financial environment.
ASIN ‏ : ‎ 1439163367
Publisher ‏ : ‎ Simon & Schuster
Publication date ‏ : ‎ January 12, 2010
Edition ‏ : ‎ 32058th
Language ‏ : ‎ English
Print length ‏ : ‎ 288 pages
ISBN-10 ‏ : ‎ 9781439163368
ISBN-13 ‏ : ‎ 978-1439163368
Item Weight ‏ : ‎ 8.6 ounces
Dimensions ‏ : ‎ 5.5 x 0.7 x 8.44 inches
Best Sellers Rank: #351,968 in Books (See Top 100 in Books) #810 in Introduction to Investing #1,043 in Budgeting & Money Management (Books) #3,415 in Happiness Self-Help
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