When most people are faced with big money decisions, they react with their "gut" feeling. They can buy all the investing and how-to-books they want, but none of these books address the fact that people are very emotional about their finances and often make poor decisions based on impulses. Providing an insight into money blunders, this volume offers a psychological study of how people make decisions. Rather than giving a simplistic step-by-step process for making wise decisions, it provides an interesting mental audit, ...
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When most people are faced with big money decisions, they react with their "gut" feeling. They can buy all the investing and how-to-books they want, but none of these books address the fact that people are very emotional about their finances and often make poor decisions based on impulses. Providing an insight into money blunders, this volume offers a psychological study of how people make decisions. Rather than giving a simplistic step-by-step process for making wise decisions, it provides an interesting mental audit, based on extensive research in cognitive psychology, of how people think about money. Representing a well thought out and eminently appealing way to solve the most common money mistakes, it helps the reader change the way he/she deals with and thinks about money, and stops him/her making the most common negotiating errors, to instead become better decision makers.
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