The Psychology of Investing: Coursesmart Etextbook

by John R. Nofsinger

Book Overview

While traditional finance focuses on the tools used to optimize return and minimize risk, this book explains how psychology can affect our decisions more than financial theory. Covering the ways... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0131432702
• ISBN13: 9780131432703
• Release Date: May 2004
• Publisher: Routledge
• Length: 116 Pages
• Weight: 0.40 lbs.
• Dimensions: 0.3" x 6.0" x 9.0"

Customer Reviews

Good overview of the literature of the field

Nofsinger is a good although not exhaustive overview of the literature on behavioral finance. Used at universities but easy and fun to read. Recommended.

Simple and best book about behavior finance

I purchased this book for my Behavioral Finance class and I have recommended this book to other investors and they loved it so much they bought their own book.

A very good book that proves sometimes less is more.

I really liked this book. Nofsinger makes a clear and concise case against the existence of a rational investing "homo economicus", a key assumption of modern portfolio theory. The book is well footnoted and a good place to start learning the underlying tenants of behavioral finance.

Good summary of how behavior affects investing decisions

This book contains a good summary of the different ways in which what we think affects investing decisions we make. I liked the fact that the book is short and to the point and does not use psychological jargon. I found it quite insightful and could identify with several of the traits and thought processes the book describes, I would recommend it to anyone who makes their own investment decisions

Great Book

Most of the typical psychology of trading books just regurgitate the same 'ol same 'ol. This one hits all the bases with examples to back them up - and no fluff. I really appreciated how everything was condensed and to the point without having to read a lengthy discourse on each topic. That made it easy to digest the material and left me with a lot to think about. This was the best book I've read in it's class. Well worth reading.