Terry Burnham: Mean Markets and Lizard Brains: How to Profit from the New Science of Irrationality

Mean Markets and Lizard Brains: How to Profit from the New Science of Irrationality


Description

Everyone from journalists to market pros are turning to behavioral finance to explain, analyze, and predict market direction. In contrast to old-school assumptions of cool-headed rationality, the new behavioral school embraces hot-blooded human irrationality as a core feature of both individuals and financial markets. The 2002 Nobel Prize in Economics was awarded to scholars of this new scientific approach to irrationality. In Mean Markets and Lizard Brains , Terry Burnham, an economist who has a proven ability to translate complex topics into everyday language, reveals the biological causes of irrationality. The human brain contains ancient structures that exert powerful and often unconscious influences on behavior. This "lizard brain" may have helped our ancestors eat and reproduce, but it wreaks havoc with our finances. Going far beyond cataloguing our financial foibles, Dr. Burnham applies this novel approach to all of today's most important financial topics: the stock market, the economy, real estate, bonds, mortgages, inflation, and savings. This broad and scholarly investigation provides an in-depth look at why manias, panics, and crashes happen, and why people are built to want to buy at irrationally high prices and sell at irrationally low prices. Most importantly, by incorporating the new science of irrationality, readers can position themselves to profit from financial markets that often seem downright mean. Mean Markets and Lizard Brains skillfully identifies the craziness that is part of human nature, helps us see it in ourselves, and then shows us how to profit from a world that doesn't always make sense.

During the Second World War and soon after, she participated in the creation of the Salon des Realites Nouvelles (1939) and developed her interest in different media, creating mosaics, tapestries and lithographs. In the same period, her paintings and gouaches evoked a renewed interest in abstraction and colour, marking her seminal role in the development of postwar abstract and applied art. With over 250 illustrations and ground-breaking essays by prominent curators and art historians, this publication seeks to throw new light on the multifaceted work of this prolifi c artist. What Dying Asks of Us All The very first collection of superb short stories featuring Hercule Poirot and Captain Hastings...First there was the mystery of the film star and the diamond...then came the 'suicide' that was murder...the mystery of the absurdly chaep flat...a The Kate Greenaway Baby Book: A Record of the First Five Years ebook pdf suspicious death in a locked gun-room...a million dollar bond robbery...the curse of a pharoah's tomb...a jewel robbery by the sea...the abduction of a Prime Minister...the disappearance of a banker...a phone call from a dying man...and, finally, the mystery of the missing willl. What links these fascinating cases? Only the brilliant deductive powers of Hercule Poirot!


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Author: Terry Burnham
Number of Pages: 324 pages
Published Date: 28 Oct 2008
Publisher: John Wiley and Sons Ltd
Publication Country: Chichester, United Kingdom
Language: English
ISBN: 9780470343760
Download Link: Click Here
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