A Fast and Frugal Finance
  • Release Date : 15 June 2019
  • Publisher : Academic Press
  • Categories : Business & Economics
  • Pages : 320 pages
  • ISBN 13 : 9780128124956
  • ISBN 10 : 0128124954
Score: 4
From 245 Ratings

Synopsis : A Fast and Frugal Finance written by William P. Forbes, published by Academic Press which was released on 15 June 2019. Download A Fast and Frugal Finance Books now! Available in PDF, EPUB, Mobi Format. A Fast and Frugal Finance: Bridging Contemporary Behavioral Finance and Ecological Rationality adds psychological reality to classical financial reasoning. It shows how financial professionals can reach better and quicker decisions using the 'fast and frugal' framework for decision-making, adding dramatically to time and outcome efficiency, while also retaining accuracy. The book provides the reader with an adaptive toolbox of heuristic tools and classification systems to aid real-world decisions. Throughout, financial applications are presented alongside real-world examples to help readers solve established problems in finance, including stock buying and selling decisions, even in situations of considerable uncertainty and risk. The book concludes by describing potential solutions to financial problems, including discussions on high frequency trading and machine learning algorithms. Demonstrates how well-constructed 'fast and frugal' models can outperform standard models in time and outcome efficiency Focuses on how financial decisions are made in reality rather than how they should be made Discusses how cognition and the decision-making context interact in producing 'fast and frugal' choices Explores the development of decision-making trees in finance to aid in decision-making