Skip to content

Why Smart People Make Big Money Mistakes and How to Correct Them Lessons from the Life-Changing Science of Behavioral Economics

Best in textbook rentals since 2012!

ISBN-10: 1439163367

ISBN-13: 9781439163368

Edition: 2009

Authors: Gary Belsky, Thomas Gilovich

List price: $25.00
Blue ribbon 30 day, 100% satisfaction guarantee!
what's this?
Rush Rewards U
Members Receive:
Carrot Coin icon
XP icon
You have reached 400 XP and carrot coins. That is the daily max!

Customers also bought

Book details

List price: $25.00
Copyright year: 2009
Publisher: Simon & Schuster, Incorporated
Publication date: 1/12/2010
Binding: Paperback
Pages: 288
Size: 5.25" wide x 6.50" long x 1.00" tall
Weight: 0.528
Language: English

Danny Peary is a sports and pop culture historian who has published twenty books. His movie, television, music, and sports articles and interviews have appeared in such publications as FilmInk, Movieline, Satellite Direct, OnDirect TV, TV Guide, TV Guide-Canada, Cosmopolitan, The New York Times, The Daily News, The Boston Globe, Sports Collectors Digest, The Soho News, The Philadelphia Bulletin, Films in Focus, Films and Filming, Slant, L.A. Panorama, Memories and Dreams, The East Hampton Independent, and Country Weekly. He is the New York correspondent for the Australian magazine FilmInk and a contributing editor for brink.comnbsp; He lives in New York City and Sag Harbor, New York.Gary…    

Thomas Gilovich is Professor of Psychology and Co-Director of the Center for Behavioral Economics and Decision Research at Cornell University. He has taught social psychology for 30 years and is the recipient of the Russell Distinguished Teaching Award at Cornell. His research focuses on how people evaluate the evidence of their everyday experience to make judgments, form beliefs, and decide on courses of action. He is a member of the American Academy of Arts and Sciences and a fellow of the American Psychological Society, the American Psychological Association, the Society for Personality and Social Psychology, the Society of Experimental Social Psychology, and the Committee for Skeptical…    

Introduction: Why Smart People Make Big Money Mistakes
An introduction to the life-changing science of behavioral economics
Not All Dollars Are Created Equal
How "mental accounting" can help you save, or cost you money.
When Six of One Isn't Half A Dozen of the Other
How "loss aversion" and the "sunk cost fallacy" lead you to throw good money after bad.
The Devil That You Know
How the "status quo bias" and the "endowment effect" make financial choices difficult.
Number Numbness
"Money illusion, " "bigness bias, " and other ways that ignorance about math and probabilities can hurt you.
Dropping Anchor
Why "anchoring" and the "confirmation bias" lead you to make important money decisions based on unimportant information.
The Ego Trap
"Overconfidence" and the price of thinking that you know more than you do.
Herd It Through The Grapevine
"Information cascades" and the danger of relying too much on the financial moves of others.
Emotional Baggage
The role of emotions in decision making: What don't know about how we feel.
Conclusion: Now What?
Principles to ponder and steps to take.
Postscript: Psychic Income
Acknowledgments
Index