What makes people tick?

masters mod finMeir Statman is the Glenn Klimek Professor of Finance at Santa Clara University. I’ve talked with him, listened to him speak, and have read a lot of his material and book (What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions). He gets you to think about puzzling behaviors people have.

The short 4:36 video below introduces you to Meir summarizing the past and what we’ve learned about behavior and finance.

“Everyday people must know about finance more than ever.”

“That is difficult because many people get things wrong.”

“People divide money into mental accounts.” This affects spending behavior.

Meir has been a great influence on me and many, many others in the profession understanding how to help people behave the way they should when involved in the markets with their money, called behavioral finance.

He describes how to structure choices that guide investors towards making wiser choices.

Enjoy …

Note: Your RSS feed or email may not show the embedded part of this blog … please go to the blog  to be able to read the complete post.

Source.

About Larry Frank, Sr.

Larry R Frank Sr., MBA, CFP®, is an experienced financial advisor and a published author on Retirement Planning Research. Have a financial question? Click Here to Ask Larry

No comments yet.

Leave a Reply

Are you human? Click the Pineapple...