Financial Risk Taking: An Introduction to the Psychology of Trading and Behavioral Finance

Financial Risk Taking: An Introduction to the Psychology of Trading and Behavioral Finance

Editorial Reviews
Book Description
In Financial Risk Taking, trader and psychologist Mike Elvin explores the complex relationship between human behaviour patterns and the markets, offering the reader a context in which to assess their own strengths and weaknesses as investors. The book offers an apposite and uncomplicated system of skills development in the form of competences and competencies that can be applied anywhere along the continuum from casual investor to full-time day trader. Elvin presents a Comprehensive Model of Trading Competence (the MOT) as well as the concepts of analysis and refutation, the paramouncy principle, and self-sabotaging behaviours such as the Santa Claus syndrome and Bohica effect.

Areas covered include: 

• Emotions - are they functional or disabling? How do the mechanisms of fear, greed and panic work?
• Motivation and perception - how do belief paradigms affect perception and performance?
• What perceptual errors influence decisions to the trader's detriment?
• Information processing and risk assessment - how does information overload affect Stress How does stress affect investment decisions?
• Technological and mathematical anxiety - why do we avoid learning the skills we most need? What levels of ability are required?
• Can psychological and biological theories assist in our understanding of investors' performance?

 

Download Description
"In Financial Risk Taking, trader and psychologist Mike Elvin explores the complex relationship between human behaviour patterns and the markets, offering the reader a context in which to assess their own strengths and weaknesses as investors. The book offers an apposite and uncomplicated system of skills development in the form of competences and competencies that can be applied anywhere along the continuum from casual investor to full-time day trader. Elvin presents a Comprehensive Model of Trading Competence (the MOT) as well as the concepts of analysis and refutation, the paramouncy principle, and self-sabotaging behaviours such as the Santa Claus syndrome and Bohica effect.

Areas covered include: 

• Emotions - are they functional or disabling? How do the mechanisms of fear, greed and panic work?
• Motivation and perception - how do belief paradigms affect perception and performance?
• What perceptual errors influence decisions to the trader's detriment?
• Information processing and risk assessment - how does information overload affect Stress How does stress affect investment decisions?
• Technological and mathematical anxiety - why do we avoid learning the skills we most need? What levels of ability are required?
• Can psychological and biological theories assist in our understanding of investors' performance?

  " --This text refers to the Digital edition.

Financial Risk Taking: An Introduction to the Psychology of Trading and Behavioral Finance

Financial Risk Taking: An Introduction to the Psychology of Trading and Behavioral Finance,Mike Elvin,John Wiley & Sons,0470850264,Business & Economics,Business / Economics / Finance,Business/Economics,Finance,Futures And Options Trading,Investments,Investments & Securities - General,Psychological aspects,Social Psychology,Speculation,Stocks,Behavioural theory (Behaviourism),Business & Economics / Finance,Investment & securities

Book Details:

1. Fiscal Decentralization and the Challenge of Hard Budget Constraints
2. Fundamentals of Corporate Finance
3. Gaming the Market : Applying Game Theory to Create Winning Trading Strategies (Wiley Finance)
4. Getting Started in Hedge Funds (Getting Started In.....)
5. Getting Started in Security Analysis
6. Global Derivatives : A Strategic Risk Management Perspective
7. Global Securitisation and CDOs (The Wiley Finance Series)
8. Global Trade Financing
9. GOLD : How Any Investor Can Trade the Gold Market
10. Handbook of Central Banking And Financial Authorities in Europe: New Architectures in the Supervision of Financial Markets

Book Details

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