There are many financial decisions that we all must make during our lives, such as how much to save from income on a regular basis in order to fund a comfortable retirement; when insurance and credit are judicious (and when they should be avoided); how much risk to assume in our investment portfolios; what investment mistakes should we try to avoid when we invest on our own and when it might be sensible to delegate our investments. These decisions and the toolkit to approach them fall under the rubric of household finance. This book, the first broad but accessible treatment of household finance, addresses them in a systematic but entertaining fashion.…mehr
There are many financial decisions that we all must make during our lives, such as how much to save from income on a regular basis in order to fund a comfortable retirement; when insurance and credit are judicious (and when they should be avoided); how much risk to assume in our investment portfolios; what investment mistakes should we try to avoid when we invest on our own and when it might be sensible to delegate our investments. These decisions and the toolkit to approach them fall under the rubric of household finance. This book, the first broad but accessible treatment of household finance, addresses them in a systematic but entertaining fashion.
Richard Deaves is professor emeritus of Finance at the DeGroote School of Business, McMaster University, Hamilton, Canada. Elsewhere, he has addressed groups of students and executives at various universities in Canada, the U.S., South America, Europe and the Far East. His research has been published extensively, appearing in such prestigious journals as the Journal of Financial and Quantitative Analysis, the Review of Finance, the Journal of Monetary Economics and the Journal of Banking and Finance. Most of his recent research deals with issues in household, behavioral and experimental finance. He has also published on such issues as the performance of investment funds; market efficiency; modeling interest rates; and pricing, efficiency and hedging in futures markets. His consulting experience has spanned such topics as investor behavior; pension design; hedging in the energy industry; the predictability of interest rates; real options and capital budgeting; and security valuation. He has served as an expert in numerous regulatory and legal proceedings. His work has been profiled in such international media outlets as CNN, Newsweek and Der Spiegel. He has also been affiliated with the Centre for European Economic Research (ZEW) in Mannheim, Germany.
