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Author: Meir Statman Publisher: Oxford University Press ISBN: 019062647X Category : BUSINESS & ECONOMICS Languages : en Pages : 489
Book Description
Behavioral finance presented in Finance for Normal People is a second generation behavioral finance. The first generation, starting in the early 1980s, largely accepted standard finance's notion of people's wants as “rational” wants - restricted to the utilitarian benefits of high returns and low risk. That first generation commonly described people as “irrational” - succumbing to cognitive and emotional errors and misled on their way to their rational wants. The second generation describes people as normal. It begins by acknowledging the full range of people's normal wants - hope for riches and freedom from the fear of poverty, nurturing our children and families, being true to our values, gaining high social status, playing games and winning, and more. It distinguishes normal wants from errors, and offers guidance on using shortcuts and avoiding errors on the way to satisfying normal wants. People's normal wants, even more than their cognitive and emotional shortcuts and errors, underlie answers to important questions of finance, including saving and spending, portfolio construction, asset pricing, and market efficiency. These are presented in this book.We often hear that behavioral finance is nothing more than a collection of stories about irrational people misled by cognitive and emotional errors, that it lacks the unified structure of standard finance. Yet today's standard finance is no longer unified because wide cracks have opened between its theory and the evidence. This book offers behavioral finance as a unified structure that incorporates parts of standard finance, replaces others, and includes bridges between theory, evidence, and practice.
Author: Meir Statman Publisher: Oxford University Press ISBN: 019062647X Category : BUSINESS & ECONOMICS Languages : en Pages : 489
Book Description
Behavioral finance presented in Finance for Normal People is a second generation behavioral finance. The first generation, starting in the early 1980s, largely accepted standard finance's notion of people's wants as “rational” wants - restricted to the utilitarian benefits of high returns and low risk. That first generation commonly described people as “irrational” - succumbing to cognitive and emotional errors and misled on their way to their rational wants. The second generation describes people as normal. It begins by acknowledging the full range of people's normal wants - hope for riches and freedom from the fear of poverty, nurturing our children and families, being true to our values, gaining high social status, playing games and winning, and more. It distinguishes normal wants from errors, and offers guidance on using shortcuts and avoiding errors on the way to satisfying normal wants. People's normal wants, even more than their cognitive and emotional shortcuts and errors, underlie answers to important questions of finance, including saving and spending, portfolio construction, asset pricing, and market efficiency. These are presented in this book.We often hear that behavioral finance is nothing more than a collection of stories about irrational people misled by cognitive and emotional errors, that it lacks the unified structure of standard finance. Yet today's standard finance is no longer unified because wide cracks have opened between its theory and the evidence. This book offers behavioral finance as a unified structure that incorporates parts of standard finance, replaces others, and includes bridges between theory, evidence, and practice.
Author: Paula Ann Monroe Publisher: ISBN: 9781570713408 Category : Business & Economics Languages : en Pages : 356
Book Description
Completely redesigned for 1998, this book visually teaches the fundamentals of money and finance by using illustrations, charts, anecdotes, and stories.
Author: Gene Siciliano Publisher: McGraw Hill Professional ISBN: 0071413774 Category : Business & Economics Languages : en Pages : 241
Book Description
Financial reports speak their own language, and managers without a strong finance background often find themselves bewildered by what is being said. Finance for NonFinancial Managers helps managers become familiar with essential financial information, showing them how to "speak the language of numbers" and implement financial data in their daily business decisions. In addition, it clarifies how and why financial decisions impact business and operational objectives.
Author: Gene Siciliano Publisher: McGraw Hill Professional ISBN: 0071824375 Category : Business & Economics Languages : en Pages : 256
Book Description
AN INTRODUCTION TO FINANCIAL REPORTS--WITH NEW TACTICS FOR BUDGETING AND PINPOINTING KEY FINANCIAL AREAS Financial decisions impact virtually every area of your company. As a manager, it's up to you to understand how and why. Finance for Nonfinancial Managers helps you understand the information in essential financial reports and then shows you how to use that understanding to make informed, intelligent decisions. It provides a solid working knowledge of: Basic Financial Reports--All about balance sheets, income statements, cash flow statements, and more Cost Accounting--Methods to assess which products or services are most profitable to your firm Operational Planning and Budgeting--Ways to use financial knowledge to strengthen your company Briefcase Books, written specifically for today's busy manager, feature eye-catching icons, checklists, and sidebars to guide managers step-by-step through everyday workplace situations. Look for these innovative design features to help you navigate through each page: Key Terms: Clear defi nitions of key terms and concepts Smart Managing: Tactics and strategies for managing change Tricks of the Trade: Tips for executing the tactics in the book Mistake Proofing: Practical advice for minimizing the possibility of error Caution: Warning signs for when things are about to go wrong For Example: Examples of successful change-management tactics Tools: Specific planning procedures, tactics, and hands-on techniques
Author: Publisher: United Nations Publications ISBN: Category : Sustainable development Languages : en Pages : 364
Book Description
The 5th Expert Group Meeting on Finance for Sustainable Development was organised by the United Nations Department of Economic and Social Affairs (UN/DESA), sponsored by theGovernments of the Netherlands, Ireland, and Kenya, and hosted by the United Nations Environment Programme (UNEP). 5 of its 17 papers deal with sustainable development in Sub-Saharan Africa and other papers concentrate on ecological taxation in Europe and the transition economies.
Author: Lawrence W. Tuller Publisher: Adams Media ISBN: 9781558506527 Category : Business & Economics Languages : en Pages : 324
Book Description
Introduces key financial concepts to help managers in small to mid-sized companies understand the basics of finance and how it affects one's business.
Author: Meir Statman
Author: Meir Statman
Author: Paula Ann Monroe
Author: 
Author: Gene Siciliano
Author: Gene Siciliano
Author: 
Author: Lawrence W. Tuller
Author: Great Britain. Parliament. House of Commons
Author: 
Author: Elmo Bryant Phillips