Our list of some of the best Behavioral Finance books & series in recent years. Get inspired by one or more of the following books.
- Thinking, Fast and Slow (2013)
- Misbehaving: The Making of Behavioral Economics (2016)
- Advances in Behavioral Finance, Volume II (The Roundtable Series in Behavioral Economics) (2005)
- Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics) (2000)
- Beyond Greed and Fear: Understanding Behavioral Finance and the Investing (Financial Management Association Survey and Synthesis) (2007)
- Behavioral Economics (Routledge Advanced Texts in Economics and Finance) (2014)
- Nudge: Improving Decisions About Health, Wealth, and Happiness (2009)
- Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (P.S.) (2009)
- Popularity: A Bridge between Classical and Behavioral Finance (2019)
- The Psychology of Investing (2017)
- The Foundations of Behavioral Economic Analysis (2017)
- Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions (2010)
- Advances in Behavioral Finance (The Roundtable series in behavioral economics) (1993)
Thinking, Fast and Slow (2013)
Major New York Times bestsellerWinner of the National Academy of Sciences Best Book Award in 2012Selected by the New York Times Book Review as one of the ten best books of 2011A Globe and Mail Best Books of the Year 2011 TitleOne of The Economist’s 2011 Books of the Year One of The Wall Street Journal’s Best Nonfiction Books of the Year 20112013 Presidential Medal of Freedom RecipientKahneman’s work with Amos Tversky is the subject of Michael Lewis’s The Undoing Project: A Friendship That Change…
Winner of the Nobel Prize in Economics Get ready to change the way you think about economics.Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans―predictable, error-prone individuals.
This book offers a definitive and wide-ranging overview of developments in behavioral finance over the past ten years. In 1993, the first volume provided the standard reference to this new approach in finance–an approach that, as editor Richard Thaler put it, “entertains the possibility that some of the agents in the economy behave less than fully rationally some of the time.” Much has changed since then.
Inefficient Markets: An Introduction to Behavioral Finance (Clarendon Lectures in Economics) (2000)
The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance.
Beyond Greed and Fear: Understanding Behavioral Finance and the Investing (Financial Management Association Survey and Synthesis) (2007)
Even the best Wall Street investors make mistakes. No matter how savvy or experienced, all financial practitioners eventually let bias, overconfidence, and emotion cloud their judgment and misguide their actions. Yet most financial decision-making models fail to factor in these fundamentals of human nature.
Over the last few decades behavioral economics has revolutionized the discipline. It has done so by putting the human back into economics, by recognizing that people sometimes make mistakes, care about others, and are generally not as cold and calculating as economists have traditionally assumed. The results have been exciting and fascinating, and have fundamentally changed the way we look at economic behaviour.
Economist and the Financial TimesEvery day we make choices—about what to buy or eat, about financial investments or our children’s health and education, even about the causes we champion or the planet itself. Unfortunately, we often choose poorly. Nudge is about how we make these choices and how we can make better ones. Using dozens of eye-opening examples and drawing on decades of behavioral science research, Nobel Prize winner Richard H.
Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? How much do parents really matter? These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He studies the riddles of everyday life—from cheating and crime to parenting and sports—and reaches conclusions that turn conventional wisdom on its head.
Classical and behavioral finance are often seen as being at odds, but the idea of “popularity” has been introduced as a way of reconciling the two approaches. Investors like or dislike various characteristics of securities for rational reasons (as in classical finance) or irrational reasons (as in behavioral finance), which makes the assets popular or unpopular.
The Psychology of Investing (2017)
While traditional finance focuses on the tools used to optimize return and minimize risk, this book explains how psychology can affect our decisions more than financial theory. Covering the ways investors actually behave, this is the first book of its kind to delve into the ways biases influence investment behavior, and how overcoming these biases can increase financial success.
This is the first definitive introduction to behavioral economics aimed at advanced undergraduate and postgraduate students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and relevant applications throughout. It is divided into nine parts and 24 chapters: Part I is on behavioral economics of risk, uncertainty, and ambiguity.
Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions (2010)
Why do our headaches persist after we take a one-cent aspirin but disappear when we take a fifty-cent aspirin? Why do we splurge on a lavish meal but cut coupons to save twenty-five cents on a can of soup? When it comes to making decisions in our lives, we think we’re making smart, rational choices. But are we? In this newly revised and expanded edition of the groundbreaking New York Times bestseller, Dan Ariely refutes the common assumption that we behave in fundamentally rational ways.
Modern financial markets offer the real world’s best approximation to the idealized price auction market envisioned in economic theory. Nevertheless, as the increasingly exquisite and detailed financial data demonstrate, financial markets often fail to behave as they should if trading were truly dominated by the fully rational investors that populate financial theories.
Best Behavioral Finance Books You Must Read
We highly recommend you to buy all paper or e-books in a legal way, for example, on Amazon. But sometimes it might be a need to dig deeper beyond the shiny book cover. Before making a purchase, you can visit resources like Library Genesis and download some behavioral finance books mentioned below at your own risk. Once again, we do not host any illegal or copyrighted files, but simply give our visitors a choice and hope they will make a wise decision.
Behavioral Finance and Your Portfolio: A Navigation Guide for Building Wealth
Author(s): Michael M. Pompian
ID: 2981750, Publisher: , Year: 2021, Size: 12 Mb, Format: epub
Rational Investing with Ratios: Implementing Ratios with Enterprise Value and Behavioral Finance
Author(s): Yannick Coulon
ID: 2470136, Publisher: Springer International Publishing;Palgrave Pivot, Year: 2020, Size: 6 Mb, Format: pdf
Behavioral Economics and Finance Leadership: Nudging and Winking to Make Better Choices
Author(s): Julia Puaschunder
ID: 2811669, Publisher: Springer, Year: 2020, Size: 3 Mb, Format: pdf
Please note that this booklist is not absolute. Some books are absolutely record-breakers according to Washington Post, others are written by unknown writers. On top of that, you can always find additional tutorials and courses on Coursera, Udemy or edX, for example. Are there any other relevant links you could recommend? Drop a comment if you have any feedback on the list.