ENGLISH

Why Smart People Make Big Money Mistakes And How To Correct Them: Lessons From The New Science Of Behavioral Economics

By Thomas Gilovich , Gary Belsky

Book information

Publisher
Simon & Schuster
Year
2000
ISBN
0743204425
Language
english
Format
PDF
Filesize
22 MB (23308144 bytes)
Edition
Fireside ed
Pages
209\209
Topic
Economy
Library
avaxhome.ws
Time added
2010-05-31 15:29:46

Description

Why do so many otherwise smart people make foolish financial choices? Why do investors sell stocks just before they skyrocket -- and cling to others as they plummer? Why do shoppers overspend when using credit cards rather than cash? What do our habits of tipping or buying lottery tickets indicate about our relationship with money? In this fascinating investigation of the ways we spend, invest, save, borrow, and waste money, Gary Belsky and Thomas Gilovich reveal the psychological causes -- the patterns of thinking and decision making -- of irrational behavior. Most important, they focus on the decisions we make every day and, using entertaining examples, provide invaluable tips on avoiding the financial faux pas that can cost thousands of dollars each year.

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