{"product_id":"household-finance-an-introduction-to-individual-financial-behavior-paperback","title":"Household Finance: An Introduction to Individual Financial Behavior - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eRichard Deaves\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cem\u003eHousehold Finance: An Introduction to Individual Financial Behavior\u003c\/em\u003e speaks to both how people should and how people actually do make financial decisions, and how these financial decisions contribute to and detract from their well-being. Households must plan over long but finite horizons, have important nontraded assets, notably human capital; hold illiquid assets, particularly housing; face constraints on the ability to borrow; and are subject to complex taxation. Some households manage these goals and challenges independently, while still others delegate portfolio management. Household financial problems have many special features that differ from firms, investors, or the functioning of markets. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eAuthor Richard Deaves covers the broad range of choices and goals in household finance both in the normative sense (i.e., what is best) based on conventional financial theory and in the positive sense (i.e., what is actually done) based on observing actual behavior. While modern finance builds models of behavior and markets based on strong assumptions such as the rationality of decision-makers, behavioral finance is based on the view that sometimes people behave in a less-than-fully-rational fashion when making financial decisions. Deaves addresses important issues and puzzles in the field such as financial illiteracy, whether education and advice can improve outcomes, intertemporal consumption optimization, consumption smoothing, optimal dynamic risk-taking, the stock market participation puzzle, the credit card debt puzzle, anomalous insurance decisions, mortgage choices, skewness preference, investments driven by availability and attention, local and home bias, the disposition effect, optimal pension design and improving outcomes through nudging in a thoroughly international approach.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cstrong\u003eRichard Deaves \u003c\/strong\u003eis professor emeritus of Finance at the DeGroote School of Business, McMaster University, \u003cbr\u003eHamilton, Canada. Elsewhere, he has addressed groups of students and executives at various universities in\u003cbr\u003eCanada, the U.S., South America, Europe and the Far East. His research has been published extensively, appearing\u003cbr\u003ein such prestigious journals as the Journal of Financial and Quantitative Analysis, the Review of Finance, the\u003cbr\u003eJournal of Monetary Economics and the Journal of Banking and Finance. Most of his recent research deals with\u003cbr\u003eissues in household, behavioral and experimental finance. He has also published on such issues as the performance of investment funds; market efficiency; modeling interest rates; and pricing, efficiency and hedging\u003cbr\u003ein futures markets. His consulting experience has spanned such topics as investor behavior; pension design; hedging in the energy industry; the predictability of interest rates; real options and capital budgeting; and security valuation. He has served as an expert in numerous regulatory and legal proceedings. His work has been profiled in such international media outlets as CNN, Newsweek and Der Spiegel. He has also been affiliated with the Centre for\u003cbr\u003eEuropean Economic Research (ZEW) in Mannheim, Germany\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 448\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.3 x 9.2 x 6.2 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e April 26, 2024\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52485917475123,"sku":"9780197699867","price":58.21,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0300\/5595\/6612\/files\/dSULuPa-fJ9780197699867.webp?v=1759812856","url":"https:\/\/www.vysn.com\/products\/household-finance-an-introduction-to-individual-financial-behavior-paperback","provider":"VYSN","version":"1.0","type":"link"}