Lisa Kramer

Recommended Books on Behavioral Finance, Behavioral Economics, and Human Psychology

My Personal Favorites:

• The Undoing Project, by Michael Lewis
  The fascinating back-story behind Kahneman and Tversky's friendship and collaboration

• Nudge: Improving Decisions About Health, Wealth, and Happiness, by Richard Thaler and Cass Sunstein
  A game changer, written by a behavioral economist and legal scholar.

• The Art of Choosing, by Sheena Iyengar
  Written by a psychologist.

• Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing (Financial Management Association Survey and Synthesis), by Hersh Shefrin
  Practical tips for investors.

• What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions, by Meir Statman
  More practical tips for investors.

• Predictably Irrational: The Hidden Forces That Shape Our Decisions, by Dan Ariely
  A great intro to behavioral economics, written by a marketing professor.

• The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home, by Dan Ariely
  A follow-up to Ariely's first book.

Others:

• Thinking, Fast and Slow, by Daniel Kahneman

• Market Mind Games: A Radical Psychology of Investing, Trading and Risk, by Denise Shull

• Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics, by Gary Belsky

• How Markets Fail: The Logic of Economic Calamities, by J. Cassidy

• Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, by George Akerlof and Robert Shiller

• Behavioral Economics: A History, by Floris Heukelom

• Irrational Exuberance, by Robert Shiller

• Secrets of the Moneylab: How Behavioral Economics Can Improve Your Business, by Chen and Krakovksy

• Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life, by Derman

• Why Smart People Do Dumb Things: The Greatest Business Blunders - How They Happened, and How They Could Have Been Prevented, by Feinberg and Turrant

• The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street, by J. Fox

• Investor Therapy: A Psychologist and Investing Guru Tells You How to Out-Psych Wall Street, by Geist

• Inside the Boardroom: How Boards Really Work and the Coming Revolution in Corporate Governance, by Leblanc and Gillies

• Extraordinary Popular Delusions and The Madness of Crowds, by Mackay

• Financial DNA: Discovering Your Unique Financial Personality for a Quality Life, by Massie

• Think Twice: Harnessing the Power of Counterintuition, by Michael Mauboussin

• More More Than You Know: Finding Financial Wisdom in Unconventional Places (Updated and Expanded), by Michael Mauboussin

• Beyond the Random Walk: A Guide to Stock Market Anomalies and Low-Risk Investing (Financial Management Association Survey and Synthesis Series), by Vijay Singal

• The Psychology of Trading: Tools and Techniques for Minding the Markets, by B. Steenbarger

• Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, by Nassim Taleb

• The Black Swan: Second Edition: The Impact of the Highly Improbable: With a new section: "On Robustness and Fragility", by Nassim Taleb

• Minding the Markets: An Emotional Finance View of Financial Instability, by D. Tuckett

• Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich, by Jason Zweig

• Investor Behavior: The Psychology of Financial Planning and Investing, H. Kent Baker and Victor Ricciardi (Eds.)
  I wrote a chapter for this book, titled Human Psychology and Market Seasonality.

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