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 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 ©.
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
Duration:00:00:01
- Definition of behavioral finance 6
Duration:00:02:43
- Evolution of behavioral finance 9
Duration:00:02:55
- Importance of understanding behavioral finance in financial decision-making 12
Duration:00:03:30
Chapter 2: The Traditional Finance Theory 15
Duration:00:00:02
- Overview of traditional finance theory 16
Duration:00:02:35
- Efficient market hypothesis 19
Duration:00:03:15
- Rationality assumptions in traditional finance theory 22
Duration:00:02:46
Chapter 3: Behavioral Biases 24
Duration:00:00:02
- Common cognitive biases in decision-making 25
Duration:00:03:17
- Emotional and social biases 28
Duration:00:03:06
- How biases impact financial decisions 31
Duration:00:02:50
Chapter 4: Prospect Theory 33
Duration:00:00:01
- Introduction to prospect theory 34
Duration:00:03:01
- Reference points and framing effect 37
Duration:00:02:32
- Effects of loss aversion and risk preferences on decision-making 40
Duration:00:02:46
Chapter 5: Overconfidence and Anchoring Bias 42
Duration:00:00:03
- Definition and impact of overconfidence bias 43
Duration:00:02:34
- Anchoring bias in financial decision-making 46
Duration:00:03:36
- Strategies to mitigate overconfidence and anchoring bias 50
Duration:00:04:01
Chapter 6: Herd Behavior 53
Duration:00:00:01
- Understanding herd behavior in financial markets 54
Duration:00:02:58
- Factors influencing herd mentality 57
Duration:00:03:22
- Implications of following market trends 60
Duration:00:03:20
Chapter 7: Mental Accounting 63
Duration:00:00:02
- Overview of mental accounting 64
Duration:00:03:52
- Bounded rationality and mental accounting 68
Duration:00:03:12
- How mental accounting impacts financial decisions 71
Duration:00:02:34
Chapter 8: Regret Aversion 73
Duration:00:00:01
- Definition of regret aversion 74
Duration:00:02:34
- Effects of regret aversion on decision-making 77
Duration:00:03:24
- Strategies to overcome regret aversion in financial planning 81
Duration:00:03:14
Chapter 9: Loss Aversion 84
Duration:00:00:01
- Explanation of loss aversion bias 85
Duration:00:02:53
- Decision-making based on fear of losses 88
Duration:00:02:38
- Ways to balance risk and reward in the face of loss aversion 91
Duration:00:02:49
Chapter 10: Endowment Effect 93
Duration:00:00:01
- Understanding the endowment effect 94
Duration:00:03:27
- Influence of endowment effect on financial decisions 98
Duration:00:03:25
- Techniques to counteract the endowment effect 101
Duration:00:02:59
Chapter 11: Bounded Rationality 104
Duration:00:00:02
- Definition of bounded rationality 105
Duration:00:02:49
- Limited information processing capabilities 108
Duration:00:02:59
- Bias in decision-making due to bounded rationality 111
Duration:00:02:59
Chapter 12: Framing Effect 113
Duration:00:00:01
- Explanation of framing effect bias 114
Duration:00:02:41
- Impact of framing on financial decisions 117
Duration:00:03:04
- Strategies to recognize and address framing bias 120
Duration:00:02:16
Chapter 13: Confirmation Bias 122
Duration:00:00:02
- Overview of confirmation bias 123
Duration:00:02:40
- How confirmation bias influences financial choices 126
Duration:00:03:06
- Methods to avoid falling victim to confirmation bias 129
Duration:00:04:57
Chapter 14: Behavioral Finance in Practice 133
Duration:00:00:02
- Case studies on how behavioral finance principles can improve financial decision-making 134
Duration:00:03:35
- Successful strategies employed by individuals and institutions 138
Duration:00:03:23
- Practical applications of behavioral finance in investment management 141
Duration:00:04:19
Chapter 15: Conclusion 145
Duration:00:00:01
- Summary of key principles of behavioral finance 146
Duration:00:02:46
- Importance of incorporating behavioral finance in financial planning 149
Duration:00:03:11
- Recommendations for further research and application of behavioral finance theory. 152
Duration:00:03:13