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E-book
Author Nofsinger, John R., 1965- author.

Title The biology of investing : nature, nurture, physiology, & cognition / John R. Nofsinger and Corey A. Shank
Published New York, NY : Routledge, 2020
©2020

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Description 1 online resource (xiv, 217 pages)
Contents Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- List of illustrations -- 1. Biology and Psychology in Finance -- Nature versus Nurture -- What Can We Learn from the Financial Decisions of Twins? -- Investment of Adoptees and the Human Genome -- Do Men and Women Invest Differently? -- Physiology -- Brain Function and Financial Decisions -- The Influence of Hormones on Financial Risk Taking -- Sleep, Coffee, and Investing -- How Wellness Influences Financial Decisions -- Cognitive Outcomes -- The Emotional and Moody Investor
Environmental Factors in Financial Decision Making -- Personality and Investing -- Intelligence and Investment Performance -- Cognitive Aging and Diminished Decision Making -- A Possible Future -- SECTION I: Nature versus Nurture -- 2. Genetics: Twin Investment Behavior -- Twin Research: Nature, Nurture, and Unique Experiences -- Saving and Homeownership -- Saving -- Homeownership -- Risk Attitudes -- Investing -- Stock Market Participation -- Pension Choices -- Investing Style: Value versus Growth -- Behavioral Biases -- Well-being: Giving and Happiness -- Giving -- Happiness -- Summary
Questions -- 3. More Genetics: Investments of Adoptees and the Human Genome -- Adoption -- Introduction to Adoption Studies: Education and Income -- Investing Decisions -- Genome -- The Genome-wide Association Method -- Investing -- Risk Aversion -- Summary -- Questions -- 4. Do Men and Women Invest Differently? -- Determinants of Gender Differences -- Gender Biology -- Societal Differences -- Financial Experiment Research -- Retirement Accounts -- Trading Behavior -- Gender in Corporate Finance -- Nature or Social Norms? -- Feminism and Masculinity -- Financial Literacy -- The Gender of Others
Circulating Testosterone and Cortisol Levels -- Testosterone and Economic Risk Taking -- Cortisol and Economic Risk Taking -- The Dual Hormone Hypothesis -- Testosterone, Cortisol, and Financial Decisions -- Testosterone Proxies -- 2D:4D Ratio and Facial Masculinity -- Testosterone Proxies and Economic Risk Taking -- Testosterone Proxies and Financial Decision Making -- Testosterone Proxy Validity -- Summary -- Questions -- 7. Sleep, Coffee, and Investing -- Sleep Physiology -- Sleep and Economic Risk Taking -- Sleep, Economic Risk Taking, and Brain Activation -- Sleep and Financial Decisions
Summary Why do people's financial and economic preferences vary so widely? Nurture' variables such as socioeconomic factors partially explain these differences, but scientists have been discovering that nature' also plays an important role. This is the first book to bring together these scientific insights for a holistic view of the role of human biology in financial decision-making. Geneticists are now examining which genetic markers are associated with financial and economic preferences. Neuroscientists are now determining where in the brain financial decisions are made and how that varies between people. Endocrinologists relate the level of different hormones circulating in the body to financial risk-taking. Researchers are exploring how physiology and environmental conditions influence investment decisions, and how three types of cognitive ability play essential roles in investment success. This exciting and relevant work being done in these academic silos has generally not been transmitted among the scientific areas, or to industry. For the first time, this book integrates all these areas, explaining the myriad ways in which a person's biology influences their investing decisions. Financial analysts, advisors, market participants, and upper-level undergraduate and postgraduate students of behavioral finance, behavioral economics, and investing will find this book invaluable, enabling a deeper understanding of investors' decision-making processes. To further ensure this new material is accessible to students, PowerPoint slides are available online for instructors' use
Bibliography Includes bibliographical references and index
Notes John R. Nofsinger, Ph. D., is the William H. Seward Chair in International Finance at the University of Alaska Anchorage and is a portfolio manager at Denali Advisors, LLC. Corey A. Shank, Ph. D. is an Assistant Professor of Finance at Dalton State College
Online resource; title from digital title page (viewed on June 04, 2020)
Subject Investments -- Psychological aspects
Decision making -- Psychological aspects
Risk-taking (Psychology)
Human biology.
BUSINESS & ECONOMICS -- Investments & Securities.
BUSINESS & ECONOMICS -- Personal Finance -- Investing.
Decision making -- Psychological aspects
Human biology
Investments -- Psychological aspects
Risk-taking (Psychology)
Form Electronic book
Author Shank, Corey A., author
ISBN 1000050165
9781003009566
1003009565
9781000050202
1000050203
9781000050189
1000050181
9781000050165