Understanding Behavioral Bia$: A Guide to Improving Financial Decision-making

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.