Applying Behavioural Finance In Australia

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Applying Behavioural Finance In Australia

Author : Simon Russell
ISBN : 0994610203
Genre : Business & Economics
File Size : 77.53 MB
Format : PDF, Kindle
Download : 329
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Insights from behavioural finance are increasingly finding their way into mainstream financial media and the consciousness of regular investors. However, often what is presented is vague and un-actionable, and designed for an unsophisticated audience. We are all human. Behavioural biases apply to professional investors too, sometimes more so, but not necessarily in the obvious ways we often read about. They impact the way super funds choose asset managers, how asset managers forecast company earnings, how advisers engage with clients and the functioning of investment committees and trustee boards. This book is different. It brings together international research with the author's unique experience as a behavioural finance specialist consultant to a diverse range of Australian professional investors, corporate decision-makers and advisers. Behavioural insights are translated into 12 actionable strategies. Where possible, the financial impacts of each strategy are quantified. The consequences are often hidden but are nonetheless real. Billions of dollars of Australians' retirement savings are at stake.
Category: Business & Economics

Behavioural Finance

Author : Simon Russell
ISBN : 0994610238
Genre : Business & Economics
File Size : 65.97 MB
Format : PDF, ePub, Docs
Download : 170
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This book is a financial adviser's guide to behavioural finance - the psychology of financial decision-making. Psychological research shows that often people don't conform with 'rational' financial models and theories. Rather, they are subject to a range of decision-making biases. These biases are often deeply rooted in the way people think, in the structures and functions of their brains, in their shared evolutionary histories, in their social environments and cultures, in the lessons they have learnt from past experiences, and sometimes even in their genetic codes. However, because many biases operate beneath the surface of conscious awareness, their influence on people's decisions can remain hidden. This book dives below the surface of consciousness and asks: how can financial advisers use what we find down there? The answer is that advisers can use insights from behavioural finance to improve face-to-face conversations, risk questionnaires, fact-finders, advice documents, application forms, websites and investment reports. Behavioural finance can be used to better understand and influence clients, to manage an adviser's own decision-making biases, and to improve organisational cultures and practices. And it can be used with clients ranging from those who are financially illiterate and overwhelmed, to those who think they are too sophisticated to be biased. The first half of the book shows how behavioural finance can help advisers to better align their advice with a client's risk profile, to assist clients to set goals and to spend their money in ways that lead to happiness, to provide financial literacy education that clients are likely to respond to, to coach clients through market cycles, and to invest in portfolios that exploit other investors' decision-making biases. The second half discussed how advisers can help clients to avoid common asset allocation and diversification errors, how they can more effectively communicate with and influence clients, how they can assist them to buy residential property and to save for retirement, and how they can mitigate the impacts of conflicts of interest. By discovering and influencing the real drivers of people's decisions, the strategies discussed throughout this book have the potential to improve outcomes for advisers, their clients and the organisations advisers represent.
Category: Business & Economics

The Oxford Handbook Of Financial Regulation

Author : Niamh Moloney
ISBN : 9780191510861
Genre : Law
File Size : 33.65 MB
Format : PDF, ePub
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The financial system and its regulation have undergone exponential growth and dramatic reform over the last thirty years. This period has witnessed major developments in the nature and intensity of financial markets, as well as repeated cycles of regulatory reform and development, often linked to crisis conditions. The recent financial crisis has led to unparalleled interest in financial regulation from policymakers, economists, legal practitioners, and the academic community, and has prompted large-scale regulatory reform. The Oxford Handbook of Financial Regulation is the first comprehensive, authoritative, and state of the art account of the nature of financial regulation. Written by an international team of leading scholars in the field, it takes a contextual and comparative approach to examine scholarly, policy, and regulatory developments in the past three decades. The first three parts of the Handbook address the underpinning horizontal themes which arise in financial regulation: financial systems and regulation; the organization of financial system regulation, including regional examples from the EU and the US; and the delivery of outcomes and regulatory techniques. The final three Parts address the perennial objectives of financial regulation, widely regarded as the anchors of financial regulation internationally: financial stability, market efficiency, integrity, and transparency; and consumer protection. The Oxford Handbook of Financial Regulation is an invaluable resource for scholars and students of financial regulation, economists, policy-makers and regulators.
Category: Law

Handbook Of Research On International Consumer Law Second Edition

Author : Geraint Howells
ISBN : 9781785368219
Genre : Law
File Size : 48.37 MB
Format : PDF, Mobi
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Consumer law and policy continues to be of great concern to both national and international regulatory bodies, and the second edition of the Handbook of Research on International Consumer Law provides an updated international and comparative analysis of the central legal and policy issues, in both developed and developing economies.
Category: Law

Behavioural Investing

Author : James Montier
ISBN : 0470687797
Genre : Business & Economics
File Size : 85.1 MB
Format : PDF, Mobi
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Behavioural investing seeks to bridge the gap between psychology and investing. All too many investors are unaware of the mental pitfalls that await them. Even once we are aware of our biases, we must recognise that knowledge does not equal behaviour. The solution lies is designing and adopting an investment process that is at least partially robust to behavioural decision-making errors. Behavioural Investing: A Practitioner’s Guide to Applying Behavioural Finance explores the biases we face, the way in which they show up in the investment process, and urges readers to adopt an empirically based sceptical approach to investing. This book is unique in combining insights from the field of applied psychology with a through understanding of the investment problem. The content is practitioner focused throughout and will be essential reading for any investment professional looking to improve their investing behaviour to maximise returns. Key features include: The only book to cover the applications of behavioural finance An executive summary for every chapter with key points highlighted at the chapter start Information on the key behavioural biases of professional investors, including The seven sins of fund management, Investment myth busting, and The Tao of investing Practical examples showing how using a psychologically inspired model can improve on standard, common practice valuation tools Written by an internationally renowned expert in the field of behavioural finance
Category: Business & Economics

Payday Lending

Author : Carl Packman
ISBN : 9781137361103
Genre : Business & Economics
File Size : 52.67 MB
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Payday Lending looks at the growth of the high cost credit industry from the early payday lending industry in the early 1990s to its development in the US as a highly profitable industry around the world.
Category: Business & Economics

Regulatory Policy And Behavioural Economics

Author : Oecd
ISBN : STANFORD:36105212627348
Genre : Business & Economics
File Size : 75.7 MB
Format : PDF
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Over the past five years, behavioural economics has been rapidly propelled from the margins of economic analysis towards the policy mainstream. In this context, this study offers an international review of the initial applications of behavioural economics to policy, with a particular focus on regulatory policy. It describes the extent to which behavioural findings have begun to influence public policy in a number of OECD countries, referring to a total of more than 60 instances, the majority of which concern regulatory policy.
Category: Business & Economics

Simply Invest

Author : Goh Yang Chye
ISBN : 9789814785617
Genre : Business & Economics
File Size : 39.71 MB
Format : PDF
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A pioneer in financial planning in Singapore, Goh Yang Chye debunks several misconceptions, showing how so-called experts are no better than the average seven-year-old at picking stocks. Investing is simple; look at the evidence. He tells us why we shouldn’t trust the industry jargon and why cryptocurrencies are not a good investment; why Singapore’s love affair with property is a mistake; why the media always get it wrong; and how not to overreact. From understanding market cycles to knowing what exactly to ask your financial adviser, this book will teach you how to secure your financial future—and enjoy the journey!
Category: Business & Economics

Applying Formal Methods Testing Performance And M E Commerce

Author : Manuel Nunez
ISBN : 9783540231691
Genre : Computers
File Size : 24.86 MB
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This book constitutes the joint refereed proceedings of the First International Workshop on Theory Building and Formal Methods in Electronic/Mobile Commerce, TheFormEMC, the first European Performance Engineering Workshop, EPEW, and the First International Workshop on Integration of Testing Methodologies, ITM, held jointly in association with FORTE 2004 in Toledo, Spain, in October 2004. The 27 revised full papers presented were carefully reviewed and selected from a total of 62 submissions. The papers are grouped in three topical sections corresponding to the workshop topics.
Category: Computers

Applying Psychology To Criminal Justice

Author : David Carson
ISBN : 0470059621
Genre : Psychology
File Size : 79.14 MB
Format : PDF, Docs
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Few things should go together better than psychology and law - and few things are getting together less successfully. Edited by four psychologists and a lawyer, and drawing on contributions from Europe, the USA and Australia, Applying Psychology to Criminal Justice argues that psychology should be applied more widely within the criminal justice system. Contributors develop the case for successfully applying psychology to justice by providing a rich range of applicable examples for development now and in the future. Readers are encouraged to challenge the limited ambition and imagination of psychology and law by examining how insights in areas such as offender cognition and decision-making under pressure might inform future investigation and analysis.
Category: Psychology