The Psychology of Investing

This book explores how psychology can explain our decisions more than financial theory, analyzing how biases influence investment behavior and how overcoming these biases can increase financial success. It is now in its seventh edition and features an easy-to-understand structure, real-life examples, and online supplements. It is a valuable resource for advanced students in behavioral finance, investment, and portfolio management classes, as well as investors and financial planners.

Format: Hardback
Length: 194 pages
Publication date: 28 September 2022
Publisher: Taylor & Francis Ltd

Traditional finance primarily revolves around utilizing tools to maximize returns and minimize risk, while this book takes a different approach by demonstrating how psychology can provide a deeper understanding of our decision-making processes than financial theory. By examining how investors behave in the real world, this groundbreaking work is the first of its kind to delve into the influence of biases on investment behavior and explore strategies for overcoming these biases to achieve financial success.

The seventh edition of this classic text has been extensively revised and updated to reflect the latest developments in the field. It offers a clear and easy-to-understand structure, presenting psychological biases as everyday behaviors and analyzing their impact on investment decisions. The book concludes with academic studies that showcase real-life investors making choices that negatively affect their wealth.

In addition to its comprehensive coverage, the new edition includes valuable new content on fintech and cryptocurrencies, the role of social media in investing,generational biases, and the impact of the COVID-19 pandemic on the financial landscape. Experiential examples, chapter summaries, and end-of-chapter discussion questions further enhance the reader's practical understanding of the material.

Furthermore, this book includes online supplements consisting of PowerPoint slides for both students and lecturers, making it an invaluable resource for advanced students in behavioral finance, investment and portfolio management classes, as well as investors and financial planners. With its fully updated content and engaging style, The Psychology of Investing is sure to captivate and educate readers on the fascinating world of investment psychology.

Weight: 540g
Dimension: 254 x 178 (mm)
ISBN-13: 9780367748210
Edition number: 7 ed