08-15-2014, 01:13 PM
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This is a book about traders in financial
markets: what they do, the kind of people they are, how they perceive
the world they inhabit, how they make decisions and take risks. This is
also a book about how traders are managed-the best and the worst
examples-and about the institutions they inhabit: firms, markets,
cultures and theories of how the world works. How these institutions
function, how traders are managed, and how traders view the world, all
have profound effects on the wider financial environment. This book
explores these relationships and their implications theoretically and
empirically. The data discussed in this book on a three-year project
researching the psychological and social influences on the behavior and
performance of traders in investment banks. One hundred and eighteen
traders and managers in four leading organizations participated. Data
was collected through semi-structured interviews supplemented by
questionnaries, measures of personality, risk propensity and a novel
computer based measure designed to assess illusion of control and other
cognitive biases. The authors' approach to writing this book is
explicitly interdisciplinary. hey draw on sociology, psychology and
econics in order to illuminate the work of traders and the world they
inhabit. The book is a significant contribution to the growing body of
research and literature suggesting that if we are to effectively
understand financial markets and the actors who inhabit them, the
insights of neo-classical financial economics need supplementing with a
broader range of social science approaches. The book will be of value to
researchers interested in the functioning of financial institutions and
markets, to those with an interest in market regulation and to
practitioners wishing to benefit from an analytical perspective on the
challenges facing traders and their managers.
Download:
markets: what they do, the kind of people they are, how they perceive
the world they inhabit, how they make decisions and take risks. This is
also a book about how traders are managed-the best and the worst
examples-and about the institutions they inhabit: firms, markets,
cultures and theories of how the world works. How these institutions
function, how traders are managed, and how traders view the world, all
have profound effects on the wider financial environment. This book
explores these relationships and their implications theoretically and
empirically. The data discussed in this book on a three-year project
researching the psychological and social influences on the behavior and
performance of traders in investment banks. One hundred and eighteen
traders and managers in four leading organizations participated. Data
was collected through semi-structured interviews supplemented by
questionnaries, measures of personality, risk propensity and a novel
computer based measure designed to assess illusion of control and other
cognitive biases. The authors' approach to writing this book is
explicitly interdisciplinary. hey draw on sociology, psychology and
econics in order to illuminate the work of traders and the world they
inhabit. The book is a significant contribution to the growing body of
research and literature suggesting that if we are to effectively
understand financial markets and the actors who inhabit them, the
insights of neo-classical financial economics need supplementing with a
broader range of social science approaches. The book will be of value to
researchers interested in the functioning of financial institutions and
markets, to those with an interest in market regulation and to
practitioners wishing to benefit from an analytical perspective on the
challenges facing traders and their managers.
Download:
Magic Button :
thanks you too.