A Fast and Frugal Finance : Bridging Contemporary Behavioral Finance and Ecological Rationality (Perspectives in Behavioral Economics and the Economics of Behavior)

Forbes, William P./ Igboekwu, Aloysius Obinna/ Mousavi, Shabnam

Academic Press Inc（2019/11発売）

• 製本 Paperback:紙装版/ペーパーバック版／ページ数 276 p.
• 言語 ENG
• 商品コード 9780128124956
• DDC分類 332

Full Description

A Fast and Frugal Finance: Bridging Contemporary Behavioural 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, when faced with not only risk but fundamental uncertainty.

The book concludes by describing potential solutions to financial problems in the forefront of contemporary debates, and calls for taking psychological insights seriously.

Contents

Section I A Fast-and-Frugal Approach to Finance 1. Introduction2. Fast-and-Frugal Heuristics3. Adaptive or Efficient Financial Markets?4. Financial Regulations and Heuristics5. When Fast-and-Frugal Works Best

Section II Applications of Fast-and-Frugal Finance6. Fast-and-Frugal Asset Pricing7. Fast-and-Frugal Portfolio Theory8. Fast-and-Frugal Financial Analysis9. Inference Under the Law of Small Numbers: Earnings Streaks Rather Than Earning Numbers10. A Fast-and-Frugal Finance