Unraveling the Mind: Exploring Behavioral Finance
Dlyra Solvex
This audiobook is narrated by a digital voice.
Unlock the secrets of behavioral finance in this compelling audiobook. Discover why we make irrational financial decisions and how emotions, biases, and cognitive errors influence our money choices. With...
Location:
United States
Description:
This audiobook is narrated by a digital voice. Unlock the secrets of behavioral finance in this compelling audiobook. Discover why we make irrational financial decisions and how emotions, biases, and cognitive errors influence our money choices. With real-world examples and cutting-edge research, this audiobook explores key psychological concepts, from prospect theory to mental accounting. Learn how to recognize and overcome common biases to make smarter financial decisions. Whether you're an investor, financial professional, or simply curious about the psychology of money, this audiobook provides valuable insights to help you think more rationally, avoid costly mistakes, and take control of your financial future. Duration - 2h 20m. Author - Dlyra Solvex. Narrator - Digital Voice Martin G. Published Date - Monday, 20 January 2025. Copyright - © 2025 Angela Rayfield ©.
Language:
English
Chapter 1: Introduction 5
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- Definition of behavioral finance 6
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- Evolution of behavioral finance 9
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- Importance of understanding behavioral finance in financial decision-making 12
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Chapter 2: The Traditional Finance Theory 15
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- Overview of traditional finance theory 16
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- Efficient market hypothesis 19
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- Rationality assumptions in traditional finance theory 22
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Chapter 3: Behavioral Biases 24
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- Common cognitive biases in decision-making 25
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- Emotional and social biases 28
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- How biases impact financial decisions 31
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Chapter 4: Prospect Theory 33
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- Introduction to prospect theory 34
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- Reference points and framing effect 37
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- Effects of loss aversion and risk preferences on decision-making 40
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Chapter 5: Overconfidence and Anchoring Bias 42
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- Definition and impact of overconfidence bias 43
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- Anchoring bias in financial decision-making 46
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- Strategies to mitigate overconfidence and anchoring bias 50
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Chapter 6: Herd Behavior 53
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- Understanding herd behavior in financial markets 54
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- Factors influencing herd mentality 57
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- Implications of following market trends 60
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Chapter 7: Mental Accounting 63
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- Overview of mental accounting 64
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- Bounded rationality and mental accounting 68
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- How mental accounting impacts financial decisions 71
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Chapter 8: Regret Aversion 73
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- Definition of regret aversion 74
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- Effects of regret aversion on decision-making 77
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- Strategies to overcome regret aversion in financial planning 81
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Chapter 9: Loss Aversion 84
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- Explanation of loss aversion bias 85
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- Decision-making based on fear of losses 88
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- Ways to balance risk and reward in the face of loss aversion 91
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Chapter 10: Endowment Effect 93
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- Understanding the endowment effect 94
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- Influence of endowment effect on financial decisions 98
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- Techniques to counteract the endowment effect 101
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Chapter 11: Bounded Rationality 104
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- Definition of bounded rationality 105
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- Limited information processing capabilities 108
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- Bias in decision-making due to bounded rationality 111
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Chapter 12: Framing Effect 113
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- Explanation of framing effect bias 114
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- Impact of framing on financial decisions 117
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- Strategies to recognize and address framing bias 120
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Chapter 13: Confirmation Bias 122
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- Overview of confirmation bias 123
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- How confirmation bias influences financial choices 126
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- Methods to avoid falling victim to confirmation bias 129
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Chapter 14: Behavioral Finance in Practice 133
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- Case studies on how behavioral finance principles can improve financial decision-making 134
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- Successful strategies employed by individuals and institutions 138
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- Practical applications of behavioral finance in investment management 141
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Chapter 15: Conclusion 145
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- Summary of key principles of behavioral finance 146
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- Importance of incorporating behavioral finance in financial planning 149
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- Recommendations for further research and application of behavioral finance theory. 152
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