Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics
by Thomas Gilovich, Gary Belsky
Even smart people make costly financial errors due to behavioral biases. This book, based on the science of behavioral economics, uncovers why these mistakes happen and shares practical lessons to correct them, helping readers improve their financial decisions and avoid common traps.
About This Book
Why Smart People Make Big Money Mistakes explores the fascinating intersection of behavioral economics and personal finance, showing how cognitive biases influence financial choices.
The book draws on scientific research to explain common errors in decision-making that affect even intelligent people, from overspending to poor investments.
Through real-life examples and lessons, it provides strategies to recognize and overcome these pitfalls, promoting smarter financial behaviors.
Authors Thomas Gilovich and Gary Belsky combine expertise in psychology and economics to deliver actionable insights for everyday money management.
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