Why Smart People Make Big Money Mistakes And How To Correct Them: Lessons From The New Science Of Behavioral Economics | 
 enlarge | Authors: Gary Belsky, Thomas Gilovich
Publisher: Simon & Schuster
Category: Book
List Price: $13.00
Buy Used: $2.95
You Save: $10.05 (77%)
New (34) Used (41) from $2.95
Rating:  47 reviews
Sales Rank: 53463
Media: Paperback
Edition: Fireside Ed
Pages: 224
Number Of Items: 1
Shipping Weight (lbs): 0.5
Dimensions (in): 8.3 x 5.5 x 0.6
ISBN: 0684859386
Dewey Decimal Number: 332.024
EAN: 9780684859385
ASIN: 0684859386
Publication Date: April 6, 2000
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: TRADE PAPERBACK. Edges slightlysunned.
| |
| Also Available In:
|
| Similar Items:
|
| Editorial Reviews:
Amazon.com Review
Why do so many otherwise rational individuals make irrational decisions when it comes to money? Financial journalist Gary Belsky and Cornell University psychology professor Thomas Gilovich contend the answers can be found--and the deficiencies remedied--with help from a relatively new science called behavioral economics. Still largely unknown outside academic circles, the field can be traced to research on the impact of rewards and punishments on human judgment and decision- making that first were undertaken at Jerusalem's Hebrew University some 30 years ago. In Why Smart People Make Big Money Mistakes , Belsky and Gilovich update this pioneering work and show readers how to understand exactly why they invest, spend, and save as they do. More importantly, using examples that everyone can identify with and language that anyone can understand, the authors offer dozens of workable suggestions that can help readers manage their money better. "We believe that by identifying the psychological causes behind many types of financial decisions," they write, "you can effectively change your behavior in ways that will ultimately put more money in your pocket and help you keep more of what you already have." --Howard Rothman
Product 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 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.
|
| Customer Reviews: Read 42 more reviews...
 Start here December 14, 2008
odLott (Cambridge, MA)
What a great little book this is. It is short, concise and to the point. I liked the examples the authors used which you could easily relate to. It has certainly made me reconsider my own behavior.
The fact that it is so short and well written makes it likely you will actually read it. I think it could be helpful to anybody with the slightest interest on why make certain economic choices rather than others. And why we keep doing them.
Don't be put off by the fact that it is a book about economics. The authors made a great job at making this book relevant to the average Joe (or Jane) and by the time you've finished reading it, you won't feel you read an economics books.
This book is about you, read it.
 Marc J. Ellison November 24, 2008
Marc John Ellison
This is a very informative book that investigates why we think the way we do about money and what mental games we play that can get us into so much trouble. The book is not a fun or easy book to read, but it does have very good information.
This Is A Must For Those Who Want To Succeed August 15, 2008
Izrul Fizal
* When you know the common mistakes people make, you will learn from them and will not do the same.
* Not only you will learn the common mistakes, but this book describe clearly on how to correct the situation in details.
* Indeed a fresh knowledge for me. I love this book.
We All Make Mistakes With Money June 7, 2008
Daniel (Tucson, Arizona United States)
This book will show you how and why people lose or waste money. From ego, to overconfidence, to anchoring, to mental accounting. All of these areas of psychology affect our way of thinking about money. This easy reading book will open your eyes as to how to save more money. You may even laugh at yourself knowing you have fallen for some of these mental traps. Highly recommended.
Begin To Make Smart Money Decisions October 30, 2007
My Opinion (La Canada, CA)
2 out of 2 found this review helpful
This book is well worth reading. Even though I am sixty-nine years old with an extensive background in finance, I still found the contents of this book very interesting. Much of what is written I already know and have practiced for many years, which has lead me to accumulate a fair amount of wealth to live a comfortable life in retirement.
What I have learned from Messrs. Belsky and Gilovich is an ability to teach my grandchildren (and children, if they will listen) some financial fundamentals which will also allow them to accumulate wealth. My oldest granddaughter who is 23 is well on her way, not only saving in a Roth IRA and 401(k) plan, but also understanding some basic principals, such as saving small amounts and the power of compounding.
I recommend this book to everyone who wants to begin to make smart money decisions and get financially ahead. As Ben Stein says, wealth accumulation is freedom. Freedom from worry and freedom to buy the things you need to enjoy living a comfortable life. If you accept the economic principals presented in this book you will achieve financial freedom.
|
|
|
