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An essential framework for wealth management using behavioral finance

Behavioral Finance for Private Banking provides a complete framework for wealth management tailored to the unique needs of each client. Merging behavioral finance with private banking, this framework helps you gain a greater understanding of your client’s wants, needs, and perspectives to streamline the decision making process. Beginning with the theoretical foundations of investment decision making and behavioral biases, the discussion delves into cultural differences in global business and asset allocation over the life cycle of the investment to help you construct a wealth management strategy catered to each individual’s needs. This new second edition has been updated to include coverage of fintech and neurofinance, an extension of behavioral finance that is beginning to gain traction in the private banking space.

Working closely with clients entails deep interpersonal give and take. To be successful, private banking professionals must be as well-versed in behavioral psychology as they are in finance; this intersection is the heart of behavioral finance, and this book provides essential knowledge that can help you better serve your clients’ needs.

An essential framework for wealth management using behavioral finance

Behavioral Finance for Private Banking provides a complete framework for wealth management tailored to the unique needs of each client. Merging behavioral finance with private banking, this framework helps you gain a greater understanding of your client’s wants, needs, and perspectives to streamline the decision making process. Beginning with the theoretical foundations of investment decision making and behavioral biases, the discussion delves into cultural differences in global business and asset allocation over the life cycle of the investment to help you construct a wealth management strategy catered to each individual’s needs. This new second edition has been updated to include coverage of fintech and neurofinance, an extension of behavioral finance that is beginning to gain traction in the private banking space.

Working closely with clients entails deep interpersonal give and take. To be successful, private banking professionals must be as well-versed in behavioral psychology as they are in finance; this intersection is the heart of behavioral finance, and this book provides essential knowledge that can help you better serve your clients’ needs.

Dieses Buch vermittelt dem Leser die wesentlichen Konzepte der Finanzwirtschaft für eine integrierte Betrachtung des Finanzsystems und der Realwirtschaft. Es wird erörtert, wie die langfristigen Marktpreise durch Bevölkerungswachstum, technischen Fortschritt und nicht erneuerbare Ressourcen bestimmt und beeinflusst werden. Die Bedeutung von Marktpreisen wird sowohl aus der Perspektive der Haushalte als auch aus der Perspektive der Unternehmen untersucht. Das Buch verbindet somit verschiedene Bereiche des Finanzwesens, die sich in der Regel entweder nur auf die Seite der Haushalte oder nur auf die Seite der Unternehmen konzentrieren.

Die Themen der Makroökonomie (Wachstum, Konjunktur, Beschäftigung, Inflation, Wechselkurse, Aktienkurse usw.) sind diejenigen der Ökonomie, die am meisten allgegenwärtig sind. Die Zusammenhänge dieser Fragen zu verstehen, ist die Hauptmotivation von Studienanfängern der Wirtschaftswissenschaften. Dieses Buch möchte die Studierenden an das analytische Werkzeug heranführen, das die Wirtschaftswissenschaften zum Verständnis dieser Fragen liefern. Es wird ein umfassendes makroökonomisches Modell entwickelt, das den Arbeits-, den Güter-, den Kapital-, den Geld- und sogar den Aktienmarkt beinhaltet. Das didaktische Konzept dieses Buches ist der sukzessive Aufbau eines komplexen makroökonomischen Modells, das mikroökonomisch fundiert ist. Dabei wird jeder Schritt intuitiv und analytisch dargestellt und anhand von Fallstudien illustriert. Die Hauptthese des Buches: die Methoden der Mikroökonomik sind ideal für die Analyse der Fragestellungen der Makroökonomik.

Financial economics is a fascinating topic where ideas from economics, mathematics and, most recently, psychology are combined to understand financial markets. This book gives a concise introduction into this field and includes for the first time recent results from behavioral finance that help to understand many puzzles in traditional finance. The book is tailor made for master and PhD students and includes tests and exercises that enable the students to keep track of their progress. Parts of the book can also be used on a bachelor level. Researchers will find it particularly useful as a source for recent results in behavioral finance and decision theory.

Financial economics is a fascinating topic where ideas from economics, mathematics and, most recently, psychology are combined to understand financial markets. This book gives a concise introduction into this field and includes for the first time recent results from behavioral finance that help to understand many puzzles in traditional finance. The book is tailor made for master and PhD students and includes tests and exercises that enable the students to keep track of their progress. Parts of the book can also be used on a bachelor level. Researchers will find it particularly useful as a source for recent results in behavioral finance and decision theory.

This book offers a concise introduction to the field of financial economics and presents, for the first time, recent behavioral finance research findings that help us to understand many puzzles in traditional finance. Tailor-made for master’s and PhD students, it includes tests and exercises that enable students to keep track of their progress. Parts of the book can also be used at the bachelor level.