Download this Paper Open PDF in Browser

Understanding Behavioral Aspects of Financial Planning and Investing

Journal of Financial Planning, Volume 28, Issue 3, pp. 22-26

5 Pages Posted: 20 Apr 2015  

H. Kent Baker

American University - Kogod School of Business

Victor Ricciardi

Goucher College - Department of Business Management

Date Written: March 1, 2015

Abstract

Understanding fundamental human tendencies can help financial planners and advisers recognize behaviors that may interfere with clients achieving their long-term goals. The authors describe several well-established behavioral biases and suggest how to overcome them.

Keywords: Investor psychology, personal finance, financial planning, trading and investing strategies, biases, investment theory, behavioral finance, behavioural finance, behavioral economics, client behavior, financial planner

JEL Classification: A12, D81, G00, G30, G10, M00, M10, M41

Suggested Citation

Baker, H. Kent and Ricciardi, Victor, Understanding Behavioral Aspects of Financial Planning and Investing (March 1, 2015). Journal of Financial Planning, Volume 28, Issue 3, pp. 22-26. Available at SSRN: https://ssrn.com/abstract=2596202

H. Kent Baker

American University - Kogod School of Business ( email )

4400 Massachusetts Avenue NW
Washington, DC 20816-8044
United States
202-885-1949 (Phone)
202-885-1992 (Fax)

Victor Ricciardi (Contact Author)

Goucher College - Department of Business Management ( email )

1021 Dulaney Valley Road
Baltimore, MD 21204-2794
United States
410-337-6291 (Phone)

HOME PAGE: http://www.amazon.com/Investor-Behavior-Psychology-Financial-Investing/dp/1118492986

Paper statistics

Downloads
3,488
Rank
2,150
Abstract Views
35,730