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The Psychology of Finance by Lars Tvede
  • The Psychology of Finance

  • Understanding the Behavioural Dynamics of Markets

  • by Lars Tvede
Usually ships within 1 to 3 working days

    • Product code: 14800
    • ISBN: 047084342x, ISBN13: 9780470843420, 332 pages, hardback
      Published by John Wiley & Sons on 2002 , Revised edition
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    Description of The Psychology of Finance

    There is one constant factor in the chaos of the markets and that constant is human psychology. In the Psychology of Finance readers are shown how the market's characteristics that arise can be interpreted and learnt from. This revised edition contains new examples and updates to charts. There is also a summary of the characteristics of each phase of the equity market, bear bottom, rise, bull peak, and decline. It includes an appendix covering the history of economic psychology Written in an extremely readable and enjoyable style it shows how psychology can drive movements in the prices of financial assets, breakdown key market phenomena, eg, irrational attitude changes in the individual, and their indicators.

    Contents of The Psychology of Finance

    Part 1: The Dark Forces of Time and Ignorance
    Rational Agents and Real Worlds
    A Few Practical Terms

    Part 2: The Four Terrible Truths about Finance
    The First Rule: The Market Is Ahead
    The Second Rule: The Market is Irrational
    The Third Rule: Chaos Reigns
    The Fourth Rule: Charts are Self-fulfilling

    Part 3: The Psychology of Man
    The Beginning of Psychology
    The Major Schools Emerge

    Part 4: The Behaviour Of Groups
    The Alchemists
    Psychology Meets Finance

    Part 5: The Psychology of Market Information
    The Fastest Game in Town
    Smoke without Fire?
    Little and Big Fish
    Frames and Attitudes

    Part 6: The Psychology of Trending Markets
    Entering the Staircase
    Harmony and Resonance
    Meet Mr Ponzi
    Differences between Bull and Bear Markets

    Part 7: The Psychology of Ranging Markets
    Doubt and Hesitation
    When Markets get Overextended

    Part 8: The Psychology of Turning Points
    What's Really Going On when a Trend Reverses?
    Warning Signals for Major Trend reversals

    Part 9: The Psychology of Panics
    Tracing the Monster's Tracks
    Animal Spirits

    Part 10: Beating the Gun
    Exposure and Timing
    The Road to Ruin

    Appendix I: Timeline of General Psychology
    Appendix II: Timeline of Economic Psychology
    Appendix III: Timeline of Technical Analysis
    Appendix IV: List of Historical Financial Crises
    Appendix V: Summary of Possible Psychological
    Phenomena During Trends, Turning Points and Panics

    About Lars Tvede

    LARS TVEDE has worked as a derivatives trader, portfolio manager and investment banker. He co--founded The Fantastic Corporation (www.fantastic.com), a broadband internet company, in 1996. He is also a director of European Focus (www.provalue.ch), a hedge fund. Lars Tvede lives in Zug, Switzerland with his wife and children.

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