Behavioural finance and the psychology of money

Data showing that low-expectation stocks beat popular ones over the long run.

Economics for daily life: motivating people, choosing food, giving to charity.

Experiments showing that people depart from rational choice in repeatable ways.

People have no fixed sense of value, so context and anchors set the prices they pay.

How behavioural economics was built against economists who assumed rational agents.

Lessons from 25 years of interviews with investors from Templeton to Munger.

Why money is hard to think about, and the errors people make in spending.

Essays on reading crowd opinion as a signal to think the opposite.

The economics of positional goods and status competition.

Behavioural finance for practitioners: mental shortcuts, framing and market errors.

Practical countermeasures rather than a catalogue of biases.

Mullainathan and Shafir's research on cognitive bandwidth shows that financial scarcity — not just poverty but any experience of not having enough — tunnels attention in ways that make long-term planning harder and short-term mistakes more likely. It reframes willpower-based explanations of financial failure without excusing the structural causes.

Klontz and Klontz introduced the concept of money scripts — inherited, often unconscious beliefs about money formed in childhood — and this book is the clearest account of the four script types: money avoidance, money worship, money status, and money vigilance. The clinical case material grounds the theory in ways that purely empirical books don't.

Sketches of the gap between what people know to do with money and what they do.

Home-study course rather than a trade book.

Edited volume.

Edited volume.

Essays on investing philosophy, psychology, competition and science.

Neuroscience of investing decisions, written by Graham's modern editor.

Applies behavioural finance to building portfolios for real clients.

Classifies investors into behavioural types for advice and design.

How testosterone feeds traders' winning streaks and appetite for risk.

How popular stories spread like epidemics and drive economic events.

Twenty short essays on why behaviour matters more than knowledge with money.