By Jason Martuscello
Linked In
In 2014, I traveled to Italy for my first time. The moment I arrived I overindulged in a massive 3 course meal at Trattoria Milanese, over tipped, and left my credit card. Besides that unforgettable dining experience, what remains from my Italy trip is 2 uncorked bottles of merlot from Montepulciano. Read more...
The big news, of course, in the Behavioral world is the awarding of the Nobel Prize for Economics to Richard Thaler, giving three such prizes to the field in the last 15 years. this decision speaks volumes about the importance of behavioral science to finance and economics. This article in Forbes was one of the best in our opinion.
By Brian Domitrovic
Forbes
After the 1970s, the stagflation decade, we learned something big about economics—very big. We learned that extended periods of economic sluggishness, under-employment, diminished opportunity, pessimism about the future, severe inequality, and major inflation are wholly unnecessary. Read more...
By Mohamed A. El-Erian
A desire to return to a comfort zone can lead to overly optimistic assessments of risks.
Last week's stock market action will come as no surprise to people who closely follow investor behavior, particularly those who are students of behavioral finance. Read more...
By Jerilyn Klein Bier
Financial advisor and physician Carolyn McClanahan, co-founder of Whealthcare Planning LLC, is hearing three main themes from advisors who’ve begun using the company’s new health and eldercare financial planning software with clients. Read more...
By Martina Barjaková
Most of us probably believe that we are in control of our own decisions. We have our opinions, beliefs and principles, we know what we like and dislike and we always decide in accordance with our preferences. Read more...
By Cynthia Harrington, CFA
We usually think of the term “technology” in very modern, even futuristic contexts. Yet the word has a long history, deriving from the Greek tekhnologia, meaning “science of craft” or “systematic treatment” of actions. These traits have been with us since humans first discovered tools. Read more...
James Saft, US News, 6 September, 2017
Pretend we are at the race track and I pick your pocket, take a 10-dollar bill, replace the wallet surreptitiously and then 'give' you the money with instructions to put the funds on a horse. Read more...
Jason Hreha, Medium, 21 June , 2017
How should we think about behavior change in light of our strong, biologically-determined predispositions? Read more...
Clifford Asness and John Liew, Institutional Investor, 3 March, 2014
"The Nobel committee decided to split the economic prize between Eugene Fama and Robert Shiller – and that's okay."
Read more...
(This is being posted now because it is a superbly written article on the behavioral versus efficiency perspectives in financial markets. It is written by two acclaimed experts in the field, and is destined to be a classic. It is required reading at my Behavioral Finance Course at UC Berkeley...Rick Lehman)