Why do so many smart people make stupid financial choices? Why do investors sell stocks right before they skyrocket — and hold on to others as they fall? Why do shoppers overspend when using credit cards instead of cash? What do our habits of tippi ...
Why do so many smart people make stupid financial choices? Why do investors sell stocks right before they skyrocket — and hold on to others as they fall? Why do shoppers overspend when using credit cards instead of cash? What do our habits of tipping or buying lottery tickets reveal about our relationship with money?
Gary Belsky and Thomas Gilovich reveal the psychological causes—patterns of thinking and decision-making—of irrational behavior in this fascinating study of the ways we spend, invest, save, borrow, and waste money. Most importantly, they focus on the decisions we make every day and, using entertaining examples, provide valuable tips for avoiding financial mistakes that can cost thousands of dollars a year. Belsky and Gilovich approach financial decisions from the inside... removing the psychological barriers that stand in the way of our goals.
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