Understanding Behavioral BIA$ A Guide to Improving Financial DecisionMaking

This book describes the biases most relevant to investing, include background on how biases develop, and offer practical strategies to help you to improve your performance.

The authors offer a guide to categorizing biases based on cutting-edge brain science, which will enable readers to implement best practices that guard against whole sets of biases. Emphasis is placed on the practical implications of financial decision-making and provides a scientific basis for adjusting investing practices, to avoid common cognitive traps.

Daniel C Krawczyk, PhD, is professor of behavioral and brain sciences and holds the Francis Chair at The University of Texas at Dallas. He authored the book Reasoning: The Neuroscience of How We Think, a comprehensive guide to reasoning research and best practices. His research has focused on understanding reasoning and decision making through a multi-disciplinary approach combining brain imaging and cognitive psychology. He holds a PhD from the University of California, Los Angeles and was a research fellow at the University of California, Berkeley.

George H Baxter has been a professional strategic gamer, practicing corporate lawyer, and hedge fund portfolio manager. He is currently the CEO and portfolio manager at Sabrepoint Capital Management, a long/short hedge fund based in Dallas. George was previously a partner with Hirzel Capital Management, a long/short equity hedge fund based in Dallas. Prior to becoming an investment professional, George was a private equity attorney with Weil, Gotshal and Manges. George is a CFA charter holder. He graduated from University of Texas School of Law and holds a BA from Texas A&M University. Prior to attending law school, George was a professional strategic game player and author. George has a passion for strategic thought and has authored nine books and numerous articles on the topic.