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Academic Press Inc
02 December 2019
Economic forecasting; Finance
A Fast and Frugal Finance: Bridging Contemporary Behavioural 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, when faced with not only risk but fundamental uncertainty.

The book concludes by describing potential solutions to financial problems in the forefront of contemporary debates, and calls for taking psychological insights seriously.
By:   William P. Forbes (Waterford Institute of Technology Ireland and Groningen University The Netherlands), Aloysius Obinna Igboekwu (School of Management and Business, Aberystwyth University, UK), Shabnam Mousavi (Max Planck Institute for Human Development, Berlin, Germany)
Imprint:   Academic Press Inc
Country of Publication:   United States
Dimensions:   Height: 229mm,  Width: 152mm, 
Weight:   520g
ISBN:   9780128124956
ISBN 10:   0128124954
Series:   Perspectives in Behavioral Economics and the Economics of Behavior
Pages:   276
Publication Date:   02 December 2019
Audience:   Professional and scholarly ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active
Section I A Fast-and-Frugal Approach to Finance 1. Introduction 2. Fast-and-Frugal Heuristics 3. Adaptive or Efficient Financial Markets? 4. Financial Regulations and Heuristics 5. When Fast-and-Frugal Works Best Section II Applications of Fast-and-Frugal Finance 6. Fast-and-Frugal Asset Pricing 7. Fast-and-Frugal Portfolio Theory 8. Fast-and-Frugal Financial Analysis 9. Inference Under the Law of Small Numbers: Earnings Streaks Rather Than Earning Numbers 10. A Fast-and-Frugal Finance

William Forbes is a Teaching Associate at Queen Mary University of London. Forbes has researched and taught upon behavioural finance for nearly twenty years. Previously, he has worked in Exeter, Manchester, Glasgow and Loughborough Universities. He is the author of Behavioural Finance (John Wiley & Son, 2009), and co-author of Corporate Governance in the United Kingdom: Past, Present and Future (Springer, 2014). Aloysius Igboekwu is a Lecturer in Finance and the Director of Postgraduate Studies at Aberystwyth Business School, Aberystwyth University, United Kingdom. His research in asset pricing, behavioral finance, corporate finance and governance, and market-based accounting has appeared in international journals. He is a reviewer for the Journal of Risk Finance, and serves as a guest editor for the Qualitative Research in Financial Markets. Shabnam Mousavi is a fellow at the Max Planck Institute for Human Development in Berlin. She is president of the Society for the Advancement of Behavioral Economics, editor-in-chief for Mind and Society, also, co-editor of the Handbook of Behavioral Economics (Routledge, 2017) and of The Behavioral Finance Revolution: A New Approach to Financial Policies and Regulations (Edward Elgar, 2018).

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