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Why Smart People Make Big Money Mistakes and How to Correct Them

Why Smart People Make Big Money Mistakes and How to Correct Them

Lessons from the Life-Changing Science of Behavioral Economics

• A fascinating and practical manual: Looking at the ways we spend, save, borrow, invest, and waste money, Gary Belsky and Thomas Gilovich reveal the psychology underlying irrational financial behavior. Entertaining case studies illustrate common patterns of thinking and show readers how changing their habits can protect and grow their assets. .

• New information for a new economic climate: Belsky and Gilovich offer sound theory and sensible advice that accounts for new economic realities and helps people make good decisions in these difficult times. .

• Increasing prominence of the field: Interest in behavioral economics has increased dramatically since the first edition was released. This updated volume will offer the latest research to readers eager to learn about its practical applications..
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  • Simon & Schuster | 
  • 288 pages | 
  • ISBN 9781439163368 | 
  • January 2010
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Stopconfusingmewithfacts

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Posted by Sam McNerney

There's a passage in Atul Gawande's Complications: A Surgeon's Notes on an Imperfect Science that captures three decades of research on human judgment. "The mind overestimates vivid dangers, falls into ruts, and manages multiples pieces of data...

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Have you ever wondered how close your beliefs come to fact—or fiction? Learn how your assumptions can both help and deceive you in this guide to fallacy of the obvious in everyday life.
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