Details

AlphaBrain


AlphaBrain

How a Group of Iconoclasts Are Using Cognitive Science to Advance the Business of Alpha Generation
1. Aufl.

von: Stephen Duneier

32,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 11.02.2019
ISBN/EAN: 9781119335917
Sprache: englisch
Anzahl Seiten: 304

DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.

Beschreibungen

<p><b>Smarter decision-making based on cognitive science</b></p> <p><i>AlphaBrain</i> is the investor's guide to achieving more, doing better, and reaching higher. At its core, the magnitude of your success is based on the quality of your decisions. The problem is that human beings are poor decision-makers; we tend to approach problems <i>after</i> they arise instead of planning for them in advance. We put too much weight on instinct, belief, and "gut feeling." We make the same mistakes over and over again—so reliably, in fact, that cognitive science can accurately predict exactly which mistakes we'll make and when. This book offers a way to understand and plan for the human mind's usual tendencies to help you make smarter investment decisions. Using a framework based on cognitive research, you'll learn how to approach decisions objectively, systematically, and constantly review your process; you'll take action based on evidence instead of intuition, and get ahead of potential problems before they get the best of you.</p> <p>With so much riding on the correctness of your choices, natural tendency can be a dangerous thing. This book shows you how to remove the bias and emotion to start making choices backed by hard evidence and objective data and lower your stress.</p> <ul> <li>Shift your processes from reactive to proactive</li> <li>Base decisions on reality over belief</li> <li>Eliminate cognitive bias and reduce common mistakes</li> <li>Make better decisions with a systematic, objective approach</li> </ul> <p>Why do we begin managing risk only once it becomes apparent? Why do we <i>react </i>to the market instead of making the big decisions <i>before</i> emotion takes over? Investing has always been a largely reactive field, but those who dominate it approach decision-making less like a human and more like a machine. <i>AlphaBrain</i> shows you how to get <i>real</i> about investing, with cognitive techniques that lead to smarter, evidence-based decisions.</p>
<p>Preface ix</p> <p>Acknowledgments xv</p> <p>About the Author xvii</p> <p><b>Part I Decision Analysis 1</b></p> <p>Chapter 1:Marginal Improvement, Significant Impact 3</p> <p>Chapter 2:Blinded by Bias 21</p> <p>Chapter 3:Rational Decisions 33</p> <p>Chapter 4:Decision Analysis 49</p> <p>Chapter 5:How to Solve Any Problem 63</p> <p>Chapter 6:Cerebral Junk Food 85</p> <p>Chapter 7:The Input Paradox 101</p> <p>Chapter 8:Auditing Mental Accounting 111</p> <p><b>Part II Decisions In The Financial Context 123</b></p> <p>Chapter 9:Mistakes at the Heart of Investment Management 125</p> <p>Chapter 10:Manager Selection 135</p> <p>Chapter 11:Prophecy of Value 149</p> <p>Chapter 12:Mind over Matter 161</p> <p>Chapter 13:Coaching 181</p> <p>Chapter 14:Trading Decisions 191</p> <p>Chapter 15:How to Stop Losing Money 221</p> <p>Chapter 16:The Danger of Shortcuts 241</p> <p>Chapter 17:The Power of the Unexpected 255</p> <p>Index 275</p>
<p><b>STEPHEN DUNEIER</b> is CEO of Bija Advisors. Through coaching, workshops and publishing, Bija Advisors uses cognitive science to help the world's most successful institutional investors and business leaders make better decisions and achieve better results.
<p><b>BECOME AN INVESTOR WHO MAKES CONSISTENTLY SMARTER DECISIONS BASED ON COGNITIVE SCIENCE</b> <p>Most investors make their decisions in a reactive, emotionally driven manner. When they don't get the results they want, they tend to blame outside forces and bad luck rather than their own decision-making process. Those who excel in the investment world approach decision making less like an emotional human and more like a machine. In <i>AlphaBrain,</i> investment guru Stephen Duneier reveals how he used cognitive scientific techniques to become a successful investment expert. <p>Written for anyone who wants to improve the quality of their investment decisions, <i>AlphaBrain</i> describes in detail how to overcome our natural tendency to go with our "gut" and become an investor who is objective, systematic, and thorough. The author outlines a process-driven approach to decision-making that reduces the frequency and magnitude of mistakes and helps investors get the results they want.

Diese Produkte könnten Sie auch interessieren:

Mindfulness
Mindfulness
von: Gill Hasson
PDF ebook
12,99 €
Counterparty Credit Risk, Collateral and Funding
Counterparty Credit Risk, Collateral and Funding
von: Damiano Brigo, Massimo Morini, Andrea Pallavicini
EPUB ebook
69,99 €