Title

Why smart people make big money mistakes--and how to correct them : lessons from the new science of behavioral economics / Gary Belsky and Thomas Gilovich.

Author

Belsky, Gary.

Publication

New York : Simon & Schuster, 2000.

Items in the Library & Offsite

Details

Additional Authors

Gilovich, Thomas.

Description

220 p.; 25 cm.

Alternative Title

Why smart people make big money mistakes & how to correct them

Subjects

• Investments > Decision making
• Economics > Psychological aspects
• Finance, Personal > Decision making
• Finance, Personal > Psychological aspects
• Consumers > Attitudes

Note

• Originally published: New York, NY : Simon & Schuster, c1999.
• "A Fireside book."

Contents

Why Smart People Make Big Money Mistakes: An introduction to the new science of behavioral economics -- Ch. 1. Not all Dollars are Created Equal: How "mental accounting" can help you save or cost you money -- Ch. 2. When Six of One isn't Half a Dozen of the other: How "loss aversion" and the "sunk cost fallacy" lead you to throw good money after bad -- Ch. 3. The Devil that you Know: How the "status quo bias" and the "endowment effect" make financial choices difficult -- Ch. 4. Number Numbness: "Money illusion," "bigness bias," and other ways that ignorance about math and probabilities can hurt you -- Ch. 5. Anchors Aweigh: Why "anchoring" and "confirmation bias" lead you to make important money decisions based on unimportant information -- Ch. 6. The Ego Trap: "Overconfidence" and the price of thinking that you know more than you do -- Ch. 7. I Herd it through the Grapevine: "Information cascades" and the danger of relying too much on the financial moves of others. Conclusion: Now what?: Principles to ponder and steps to take -- Postscript: Psychic Income.

ISBN

• 0684859386 (pbk.)
• 9780684859385 (pbk.)
• 0684844931
• 9780684844930

Owning Institutions

Columbia University Libraries