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Protect and grow your finances with help from this definitive and practical guide to behavioral economics.
| Publisher | Simon & Schuster |
| Publication date | January 12, 2010 |
| Edition | 32058th |
| Language | English |
| Print length | 288 pages |
| ISBN-10 | 9781439163368 |
| ISBN-13 | 978-1439163368 |
| Item Weight | 8.6 ounces (243.81 grams) |
| Dimensions | 5.5 x 0.7 x 8.44 inches (14 x 1.8 x 21.4 cm) |
Individuals seeking to improve their financial decision-making skills and avoid costly mistakes in their careers.
Those studying economics or finance who want to understand behavioral economics' impact on real-world financial decisions.
Advisors looking to enhance their understanding of client behaviors and improve their guidance on financial decisions.
Novices may find the concepts challenging without foundational knowledge in finance or behavioral economics.
**Editorial Review** "Why Smart People Make Big Money Mistakes and How to Correct Them" explores the pitfalls of financial decision-making through the lens of behavioral economics. Readers have expressed a strong sense of relatability to the themes discussed in the book, highlighting the common human tendencies to prioritize short-term gains and succumb to cognitive biases that can lead to poor financial choices. This book serves as both a mirror and a guide, prompting individuals to reflect on their own financial behaviors while providing practical strategies to mitigate those errors. The authors, Belsky and Gilovich, craft a breezy and engaging narrative, making complex ideas accessible to a wide audience. Whether you Consider yourself a novice or an experienced investor, the straightforward advice disseminated in the book resonates deeply, often prompting an intellectual exploration of one’s financial habits. The conversational style effectively illustrates the authors' insights, making the content feel less like a lecture and more like a personal discussion among friends. Though generally well-received, the book has faced some criticism for lacking references and citations that would bolster its claims. Some reviewers expressed concern over the absence of supporting evidence, suggesting that while the ideas may be compelling, their reliability could come into question without proper validation. Nevertheless, the book remains a popular choice for those seeking a foundational understanding of behavioral finance without getting bogged down by dense academic language. Ultimately, those interested in understanding why even the smartest individuals can falter in financial matters may find this book enlightening. It honors a blend of psychology and finance, making it a must-read for anyone looking to improve their financial decision-making processes. **
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