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Why Smart People Make Big Money Mistakes... and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics
Paperback - English

Protect and grow your finances with help from this definitive and practical guide to behavioral economics--revised and updated to reflect new economic realities.

In their fascinating investigation of the ways we handle money, Gary Belsky and Thomas Gilovich reveal the psychological forces--the patterns of thinking and decision making--behind seemingly irrational behavior. They explain why so many otherwise savvy people make foolish financial choices: why investors are too quick to sell winning stocks and too slow to sell losing shares, why home sellers leave money on the table and home buyers don't get the biggest bang for their buck, why borrowers pay too much credit card interest and savers can't sock away as much as they'd like, and why so many of us can't control our spending. Focusing on the decisions we make every day, Belsky and Gilovich provide invaluable guidance for avoiding the financial faux pas that can cost thousands of dollars each year.

Filled with fresh insight; practical advice; and lively, illustrative anecdotes, this book gives you the tools you need to harness the powerful science of behavioral economics in any financial environment.

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ADDITIONAL INFO

ISBN
EAN
9781439163368
Publication Date
12/01/2010
Pages
288
Dimension
21.59cm x 13.97cm x 2.54cm
Age Group
NA to NA
Grades
Not Applicable to Not Applicable
Lexile Level
0
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About Author

Belsky, Gary
Gary Belsky is editor in chief of "ESPN The Magazine", where he has worked since 1998. The author of several books, he lectures frequently on the psychology of decision-making to business and consumer groups around the world. From 1994 through 1998, Belsky was a regular commentator on CNN's "Your Money "and a frequent contributor to "Good Morning America", "CBS This Morning", "Crossfire" and "Oprah"; he continues to appear on local and national radio and TV, commenting on sports, economics, business and personal finance. A St. Louis native, Belsky graduated from the University of Missouri in t

Gilovich, Thomas
Thomas Gilovich is a professor of psychology at Cornell University and author of "How We Know What Isn't So". He lives in Ithaca, New York.

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