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070816s2007 enka b 001 0 eng |
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|3 Bib#:
|a 1073230
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|a 2007033391
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|a 9780470516706
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|a (OCoLC)ocn156819268
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|a (OCoLC)156819268
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|a 11545288
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|a (BNAtoc) 2007033391
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|a (Nz)11545288
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|a DLC
|c DLC
|d BTCTA
|d BAKER
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|d C#P
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|a HG4515.15
|b .M657 2007
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|a 332.6
|2 22
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1 |
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|a Montier, James.
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|a Behavioural investing :
|b a practitioner's guide to applying behavioural finance /
|c James Montier.
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246 |
3 |
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|a Behavioral investing
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260 |
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|a Chichester, England ;
|a Hoboken, NJ :
|b John Wiley & Sons,
|c c2007.
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300 |
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|a xxii, 706 p. :
|b ill. ;
|c 25 cm.
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440 |
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|a Wiley finance series
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504 |
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|a Includes bibliographical references (p. [667]-676) and index.
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|g Sect. I.
|t Common Mistakes and Basic Biases --
|g 1.
|t Emotion, Neuroscience and Investing: Investors as Dopamine Addicts --
|t Spock or McCoy? --
|t The Primary of Emotion --
|t Self-Control is Like a Muscle --
|t Hard-Wired for the Short Term --
|t Hard-Wired to Herd --
|t Plasticity as Salvation --
|g 2.
|t Part Man, Part Donkey --
|t The Biases We Face --
|t Bias #1: I Know Better, Because I Know More --
|t Bias #2: Big [is not equal to] Important --
|t Bias #3: Show Me What I Want to See --
|t Bias #4: Heads was Skill, Tails was Bad Luck --
|t Bias #5: I Knew it all Along --
|t Bias #6: The Irrelevant has Value as Input --
|t Bias #7: I Can Make a Judgement Based on What it Looks Like --
|t Bias #8: That's Not the Way I Remember it --
|t Bias #9: If you Tell Me it Is So, It Must be True --
|t Bias #10: A Loss Isn't a Loss Until I Take It --
|g 3.
|t Take a Walk on the Wild Side --
|t Impact Bias --
|t Empathy Gaps --
|t Combating the Biases --
|g 4.
|t Brain Damage, Addicts and Pigeons --
|g 5.
|t What Do Secretaries' Dustbins and the Da Vinci Code have in Common? --
|g 6.
|t The Limits to Learning --
|t Self-Attribution Bias: Heads is Skill, Tails is Bad Luck --
|t Hindsight Bias: I Knew it All Along --
|t Skinner's Pigeons --
|t Illusion of Control --
|t Feedback Distortion --
|g Sect. II.
|t The Professionals and the Biases --
|g 7.
|t Behaving Badly --
|t The Test --
|t The Results --
|t Overoptimism --
|t Confirmatory Bias --
|t Representativeness --
|t The Cognitive Reflection Task (CRT) --
|t Anchoring --
|t Keynes's beauty contest --
|t Monty Hall Problem --
|g Sect. III.
|t The Seven Sins of Fund Management --
|g 8.
|t A Behavioural Critique --
|t Sin city --
|t Alternative Approaches and Future Directions --
|t Sin 1: Forecasting (Pride) --
|g 9.
|t The Folly of Forecasting: Ignore all Economists, Strategists, & Analysts --
|t Overconfidence as a Driver of Poor Forecasting --
|t Overconfidence and Experts --
|t Why Forecast When the Evidence Shows You Can't? --
|t Why Use Forecasts? --
|t Debasing --
|g 10.
|t What Value Analysts? --
|t Sin 2: Illusion of Knowledge (Gluttony) --
|g 11.
|t The Illusion of Knowledge or Is More Information Better Information? --
|t Sin 3: Meeting Companies (Lust) --
|g 12.
|t Why Waste Your Time Listening to Company Management? --
|t Managers are Just as Biased as the Rest of Us --
|t Confirmatory Bias and Biased Assimilation --
|t Obedience to Authority --
|t Truth or Lie? --
|t Sin 4: Thinking You Can Outsmart Everyone Else (Envy) --
|g 13.
|t Who's a Pretty Boy Then? Or Beauty Contests, Rationality and Greater Fools --
|t Background --
|t The Game --
|t The Solution --
|t The Results --
|t A Simple Model of Our Contest --
|t Comparison with Other Experiments --
|t Learning --
|t Sin 5: Short Time Horizons and Overtrading (Avarice) --
|g 14.
|t ADHD, Time Horizons and Underperformance --
|t Sin 6: Believing Everything You Read (Sloth) --
|g 15.
|t The Story is The Thing (or The Allure of Growth) --
|g 16.
|t Scepticism is Rare or (Descartes vs Spinoza) --
|t Cartesian Systems --
|t Spinozan Systems --
|t Libraries --
|t A Testing Structure --
|t The Empirical Evidence --
|t Strategies to Counteract Naive Belief --
|t Sin 7: Group Decisions (Wrath) --
|g 17.
|t Are Two Heads Better Than One? --
|t Beating the Biases --
|g Sect. IV.
|t Investment Process as Behavioural Defence --
|g 18.
|t The Tao of Investing --
|g Pt. A.
|t The Behavioral Investor --
|g 19.
|t Come Out of the Closet (or, Show Me the Alpha) --
|t The Alpha --
|t The Evolution of the Mutual Fund Industry --
|t Characteristics of the Funds --
|g 20.
|t Strange Brew --
|t The Long Run --
|t The Short Run --
|t Break the Long-Only Constraint --
|t Add Breadth --
|t Not Just an Excuse for Hedge Funds --
|t Truly Alternative Investments --
|g 21.
|t Contrarian or Conformist? --
|g 22.
|t Painting by Numbers: An Ode to Quant --
|t Neurosis or Psychosis? --
|t Brain Damage Detection --
|t University Admissions --
|t Criminal Recidivism --
|t Bordeaux Wine --
|t Purchasing Managers --
|t Meta-Analysis --
|t The Good News --
|t So Why Not Quant? --
|g 23.
|t The Perfect Value Investor --
|t Trait I: High Concentration In Portfolios --
|t Trait II: They Don't Need to Know Everything, and Don't Get Caught in the Noise --
|t Trait III: A Willingness to Hold Cash --
|t Trait IV: Long Time Horizons --
|t Trait V: An Acceptance of Bad Years --
|t Trait VI: Prepared to Close Funds --
|g 24.
|t A Blast from the Past --
|t The Unheeded Words of Keynes and Graham --
|g 25.
|t Why Not Value? The Behavioural Stumbling Blocks --
|t Knowledge [is not equal to] Behaviour --
|t Loss Aversion --
|t Delayed Gratification and Hard-Wiring for the Short Term --
|t Social Pain and the Herding Habit --
|t Poor Stories --
|t Overconfidence --
|t Fun --
|t No, Honestly I Will Be Good --
|g Pt. B.
|t The Empirical Evidence: Value in All Its Forms --
|g 26.
|t Bargain Hunter (or It Offers Me Protection) /
|r James Montier and Rui Antunes --
|t The Methodology --
|t Does Value Work? --
|t The Anatomy of Value --
|t The Siren of Growth --
|t Growth Doesn't Mean Ignoring Valuation --
|t The Disappointing Reality of Growth --
|t Analyst Accuracy? --
|t Value versus Growth --
|t Key points --
|t Regional Tables --
|g 27.
|t Better Value (or The Dean Was Right!) /
|r James Montier and Rui Antunes --
|g 28.
|t The Little Note that Beats the Market /
|r James Montier and Sebastian Lancetti --
|t The Methodology and the Data --
|t The Results --
|t Quality Matters for Value --
|t Career Defence as an Investment Strategy --
|t What About the Long/Short View? --
|t The Future for the Little Book --
|t Tables and Figures --
|g 29.
|t Improving Returns Using Inside Information --
|t Patience is a Virtue --
|t Using Inside Information --
|t A Hedge Perspective --
|t Risk or Mispricing? --
|t Evidence for Behavioural Errors --
|t Evidence Against the Risk View --
|t European Evidence --
|g 30.
|t Just a Little Patience: Part I --
|g 31.
|t Just a Little Patience: Part II /
|r James Montier and Sebastian Lancetti --
|t Value Perspective --
|t Growth Perspective --
|t Growth and Momentum --
|t Value for Growth Investors --
|t Value and Momentum --
|t Implications --
|g 32.
|t Sectors, Value and Momentum --
|t Value --
|t Momentum --
|t Sectors: Value or Growth --
|t Stocks or Sectors --
|g 33.
|t Sector-Relative Factors Works Best /
|r James Montier and Andrew Lapthorne --
|t Methodology --
|t The Results --
|g 34.
|t Cheap Countries Outperform --
|t Strategy by Strategy Information --
|g Pt. C.
|t Risk, But Not as We Know It --
|g 35.
|t CAPM is CRAP (or, The Dead Parrot Lives!) --
|t A Brief History of Time --
|t CAPM in Practice --
|t Why Does CAPM Fail? --
|t CAPM Today and Implications --
|g 36.
|t Risk Managers or Risk Maniacs? --
|g 37.
|t Risk: Finance's Favourite Four-Letter Word --
|t The Psychology of Risk --
|t Risk in Performance Measurement --
|t Risk from an Investment Perspective --
|g Sect. V.
|t Bubbles and Behaviour --
|g 38.
|t The Anatomy of a Bubble --
|t Displacement --
|t Credit Creation --
|t Euphoria --
|t Critical Stage/Financial Distress --
|t Revulsion --
|g 39.
|t De-bubbling: Alpha Generation --
|t Bubbles in the Laboratory --
|t Bubbles in the Field --
|t Displacement: The Birth of a Boom --
|t Credit Creation: Nurturing the Boom --
|t Euphoria --
|t Critical Stage/Financial Distress --
|t Revulsion --
|t Applications --
|t Alpha Generation --
|t Long-Only Funds --
|g 40.
|t Running with the Devil: A Cynical Bubble --
|t The Main Types of Bubble --
|t Psychology of Bubbles --
|t Composite Bubbles and the De-Bubbling Process --
|t Experimental Evidence: Bubble Echoes --
|t Market Dynamics and the Investment Dangers of Near Rational Bubbles --
|g 41.
|t Bubble Echoes: The Empirical Evidence --
|g Sect. VI.
|t Investment Myth Busters --
|g 42.
|t Belief Bias and the Zen Investing --
|t Belief Bias and the X-System --
|t Confidence Isn't a Proxy for Accuracy --
|t Belief Bias and the Zen of Investing --
|g 43.
|t Dividends Do Matter --
|g 44.
|t Dividends, Repurchases, Earnings and the Coming Slowdown --
|g 45.
|t Return of the Robber Barons --
|g 46.
|t The Purgatory of Low Returns --
|g 47.
|t How Important is the Cycle? --
|g 48.
|t Have We Really Learnt So Little? --
|g 49.
|t Some Random Musings on Alternative Assets --
|t Hedge Funds --
|t Commodities --
|t Which Index? --
|t Composition of Commodity Futures Returns --
|t The Times They are A-Changin' --
|
505 |
8 |
0 |
|g Sect. VII.
|t Corporate Governance and Ethics --
|g 50.
|t Abu Ghraib: Lesson from Behavioural Finance and for Corporate Governance --
|t Fundamental Attribution Error --
|t Zimbardo's Prison Experiment --
|t Milgram: The Man that Shocked the World --
|t Conditions that Turn Good People Bad --
|g 51.
|t Doing the Right Thing or the Psychology of Ethics --
|t The Ethical Blindspot --
|t The Origins of Moral Judgements --
|t Examples of Bounded Ethicality and Unconscious Biases --
|t Mechanisms Driving Poor Ethical Behaviour --
|t Combating Unethical Behaviour --
|g 52.
|t Unintended Consequences and Choking under Pressure: The Psychology of Incentives --
|t Evidence from the Laboratory --
|t Evidence from the Field --
|t Back to the Laboratory --
|t Who is Likely to Crack Under Pressure? --
|g Sect. VIII.
|t Happiness --
|g 53.
|t If It Makes You Happy --
|t Top 10 --
|g 54.
|t Materialism and the Pursuit of Happiness --
|t Aspiration Index --
|t Materialism and Happiness: The Evidence --
|t Problems of Materialism --
|t What to Do? --
|t Why Experiences Over Possessions?
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650 |
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|a Investments
|x Psychological aspects.
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650 |
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0 |
|a Finance
|x Psychological aspects.
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991 |
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|a 2008-02-25
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|a Created by sico, 25/02/2008. Updated by sico, 25/02/2008.
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|p For loan
|a University Of Canterbury
|b UC Libraries
|c Central Library
|d Central Library, Level 9
|t 0
|e HG 4515.15 .M791 2007
|h Library of Congress classification
|i Book
|m AU14993953B
|