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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

(6)

| Paperback | 9780684859385

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Book 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 indicaContinue

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.

Critics

  • Why Smart People Make Big Money Mistakes—and How to Correct Them By Gary Belsky and Thomas Gilovich

    The psychology of money and workTwenty years ago, personal finance writer Andrew Tobias produced a best-selling book with a boastful title. It was called The Only Investment Guide You'll Ever Need. Rather than scare away the competition with that all ... (read full critics)

    bookpage published on Mon, 13 Sep 2010

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Book Details

  • Rating:
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  • English Books
  • Paperback 224 Pages
  • Edition: Fireside Ed
  • ISBN-10: 0684859386
  • ISBN-13: 9780684859385
  • Publisher: Simon & Schuster
  • Pub date: Apr 06, 2000
  • Dimensions: 1355 mm x 903 mm x 129 mm Just how big is that?
  • Also available as: Hardcover and Others
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