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Behavioral Finance and Wealth Management: How to Build Optimal Portfolios That Account for Investor Biases

The book that applies behavioral finance to the real world Understanding how to use behavioral finance theory in investing is a hot topic these days. Nobel laureate Daniel Kahneman has described financial advising as a prescriptive activity whose main objective should be to guide investors to make decisions that serve their best interests. 50 more words

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Sarah Liu

(Source: www.businesstimes.com.sg)

Sarah Liu has always been a bit of a rebel. Though the 29-year-old was born in Taiwan, she didn’t fit into the education system so her family moved to New Zealand. 1,158 more words

Money Matters

Meet the Original Meteorologist: Thales in 600 BC

What was the Earth’s 1st scientist like?

What kind of personality bravely defies society’s dogmas and says “science is about understanding and about looking at underlying principles”? 241 more words

Engineer and Prejudice 

“It is particularly incumbent on those who never change their opinion, to be secure of judging properly at first.”

― Jane Austen, Pride and Prejudice… 1,037 more words

Biases

In defense of the Nobel Prize

Even if you’re not a scientist or literary critic, you likely couldn’t help but notice that this week was Nobel Prize week (the last prize, in economics, will be announced Oct. 374 more words

Reflection of Thoughts and Attitudes

You are about ready to answer a call for a phone interview. Quickly you think of how to describe yourself. Words like “kind”, “patient”, “caring”, and “responsible” pop into your head. 461 more words

#TheRealCarver

Noisy people

(featured image: Mysid/Wikimedia)

Our decision-making is biased, but an even bigger limitation is that it is noisy. So what?

The loudest and longest standing criticism of neoclassical economics is that it assumes us meatbags are rational, self-interested, utility maximizing individuals, while in reality we’re subject to a raft of biases and fallacies. 1,084 more words

Behavioural Economics