
BOOKS - HUMAN AND PSYCHOLOGY - Financial risk taking an introduction to the psycholog...

Financial risk taking an introduction to the psychology of trading and behavioural finance
Author: Mike Elvin
Year: 2004
Pages: 294
Format: PDF
File size: 3 MB
Language: ENG

Year: 2004
Pages: 294
Format: PDF
File size: 3 MB
Language: ENG

The book "Financial Risk Taking: An Introduction to the Psychology of Trading and Behavioral Finance" by Alexey Kozlov provides a comprehensive overview of the psychological aspects of financial decision-making and the impact of behavioral biases on investment choices. The author argues that understanding the psychological factors that influence financial decisions is crucial for making informed investment choices and mitigating risks. The book explores the concept of financial risk-taking and how it relates to the psychology of trading and behavioral finance, providing readers with a deeper understanding of the complex interplay between human emotions, cognitive biases, and financial markets. The book begins by defining financial risk-taking and its importance in modern finance. It highlights the significance of understanding the psychological factors that influence financial decisions, as well as the potential consequences of poor decision-making. The author then delves into the various psychological and behavioral factors that affect financial risk-taking, including cognitive biases, emotions, and social influences. He also discusses the role of technology in shaping financial markets and the impact of artificial intelligence on investment choices. One of the key themes of the book is the need to study and understand the process of technological evolution. The author emphasizes the importance of developing a personal paradigm for perceiving the technological process of developing modern knowledge as the basis for the survival of humanity and the survival of the unification of people in a warring state.
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