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.

I find this book answers questions many people ask: Why aren’t we always logical? What gets in the way of our making effective decisions?

I first read this book when I started my consulting practice and realized I needed to combine psychology with philosophy in teaching critical thinking in professional settings. People want to understand why we can be unreasonable in the first place. Kahneman’s book helped me improve my own thinking, making me aware of the ways my previous experiences quickly provide interpretations of new experiences.

I find the ability to “hit the pause button” regarding my response to a specific situation and to ask myself, “Is my immediate, intuitive response useful or misleading me?” is one of my most important insights from this book.