4 books like World Scientific Handbook in Financial Economics

This book is an outgrowth of a course at Stanford University on applying quantitative methods to improve financial decision making. 

Professor Luenberger has a superior talent at writing clear and logical textbooks on optimization topics. He shows the benefits of employing nonlinear programs for several applications, including pricing complex options, and achieving rebalancing gains over time. In his telling, volatility provides an opportunity to improve performance. The linkage of optimization and investing is a special treat.

As a loyal Princeton University alum, Jack Bogle often visited us and participated in discussions at the Bendheim Center for Finance, at our investment workshops, and at reunions, as well as lectures in my and others’ courses at Princeton. Jack had a remarkable ability to take a complicated problem and distill it into simple, intuitive, and understandable terms.

This highly readable book provides several topics worth studying for individuals interested in improving their wealth and risk management activities. It shows Jack’s philosophy and his direct attitude to managing money to minimize costs; it provides an excellent starting point for establishing sound investing steps.  

There is much evidence that individuals often suffer from inertia when it comes to making significant decisions – including investment choices.

This engaging book by Professor Milkman at the Wharton School aims to create a climate in which “change” can be accomplished in an efficient, systematic, and relatively painless way. There are numerous examples of improvements by both individuals and organizations. This highly readable book is a must for anyone interested in creating and sustaining positive change habits, for example, to encourage increased savings and systematic investment policies.

Professor Milkman is one of our successful undergraduate alums and participates on the advisor committee of the ORFE Department at Princeton. She is a terrific teacher and writer. The lessons in this book are most appropriate for investors who are interested in establishing and maintaining sound habits to improve their investment performance.

Daniel Kahneman’s book is a must read for all who desire to understand their mind/brains and thereby maximize the use of the mind’s power over our lives.

In clear language, Daniel Kahneman illustrated the heuristic shortcuts that often limit our understanding and predispose our actions. We all hold onto outdated psychological mechanisms that create self-imposed limitations, and in doing so, we can find ourselves living out self-limiting lives.

Kahneman does an excellent job at showing us how we think we understand what we really don’t. His transparent and careful treatment of his subject has the potential to change how we think, not just about thinking, but about how we live our lives.