The idea of second-generation behavioral finance is that not everything people do that’s different from the recommendations of standard finance that causes low returns is irrational. It’s perfectly normal.”Meir Statman, Behavioral Finance Authority
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Summary: Behavioral finance authority Meir Statman caused something of a stir with his award-winning book, “What Investors Really Want,” published in 2010.Now, in an interview with ThinkAdvisor, the professor reveals an exclusive peek at his next book, “Finance for Normal People,” due in April from Oxford University Press.
The idea of second-generation behavioral finance is that not everything people do that’s different from the recommendations of standard finance that causes low returns is irrational. It’s perfectly normal.”Meir Statman, Behavioral Finance Authority
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