{"product_id":"a-wealth-of-well-being-isbn-9781394249671","title":"A Wealth of Well-Being","description":"\u003cp\u003e\u003cb\u003eUnravel the complex relationship between finances and life well-being\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eA Wealth of Well-Being: A Holistic Approach to Behavioral Finance,\u003c\/i\u003e Professor Meir Statman, established thought leader in behavioral finance, explores how life well-being, the overarching aim of individuals in the third generation of behavioral finance, is underpinned by financial well-being, and how life well-being extends beyond financial well-being to family, friendship, religion, health, work, and education. \u003c\/p\u003e\u003cp\u003eCombining recent scientific findings by scholars in finance, economics, law, medicine, psychology, and sociology with real-life stories at the intersection of finances and life, this book allows readers to clearly see how finances are intertwined with life well-being. In this book, readers will learn: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eHow dating, marriage, widowhood, and divorce are all affected by finances and affect them\u003c\/li\u003e \u003cli\u003eWhy the relationship between parents, grandparents, children, and friends changes as finances fluctuate\u003c\/li\u003e \u003cli\u003eHow finances affect choices of education, such as colleges, and how these choices vary across different cultures around the world\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eA Wealth of Well-Being: A Holistic Approach to Behavioral Finance\u003c\/i\u003e earns a well-deserved spot in the libraries of financial advisors, financial planners, investors, and all individuals looking to move beyond standard finance and enhance both financial well-being and life well-being. \u003c\/p\u003e\u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eChapter 1: Financial, Social, Cultural, and Personal Capital 7\u003c\/p\u003e \u003cp\u003eChapter 2: Financial Capital 19\u003c\/p\u003e \u003cp\u003eChapter 3: Saving and Spending 35\u003c\/p\u003e \u003cp\u003eChapter 4: Investing 51\u003c\/p\u003e \u003cp\u003eChapter 5: Dating and Marriage 61\u003c\/p\u003e \u003cp\u003eChapter 6: Widowhood and Divorce 81\u003c\/p\u003e \u003cp\u003eChapter 7: Parents and Children 91\u003c\/p\u003e \u003cp\u003eChapter 8: Elderly Parents, Grandparents, Siblings, and Pets 115\u003c\/p\u003e \u003cp\u003eChapter 9: Friendship 135\u003c\/p\u003e \u003cp\u003eChapter 10: Health 153\u003c\/p\u003e \u003cp\u003eChapter 11: Work 169\u003c\/p\u003e \u003cp\u003eChapter 12: Education 197\u003c\/p\u003e \u003cp\u003eChapter 13: Religion 227\u003c\/p\u003e \u003cp\u003eChapter 14: Society 235\u003c\/p\u003e \u003cp\u003eChapter 15: Conclusion 263\u003c\/p\u003e \u003cp\u003eNotes 269\u003c\/p\u003e \u003cp\u003eAbout the Author 367\u003c\/p\u003e \u003cp\u003eAuthor Index 369\u003c\/p\u003e \u003cp\u003eSubject Index 381\u003c\/p\u003e  \u003cp\u003e \u003cb\u003eMEIR STATMAN \u003c\/b\u003eis the Glenn Klimek Professor of Finance at Santa Clara University. He attempts to understand how investors and managers make financial decisions and how these decisions are reflected in financial markets. Meir’s research has been published in the \u003ci\u003eJournal of Finance \u003c\/i\u003eand many other journals.    \u003c\/p\u003e\u003cp\u003eA \u003ci\u003eWealth of Well-Being: A Holistic Approach to Behavioral Finance \u003c\/i\u003eexplores how financial well-being can lead to life well-being through the third generation of behavioral finance, which broadens the lens of finance to see people as whole persons and show them in life well-being domains beyond finances, including family, friends, health, work, education, religion, and society. This book is unique in combining the scientific findings by scholars in finance, economics, law, medicine, psychology, and sociology with real-life stories that provide insights beyond adding “color” to otherwise dry scientific findings. It provides the underpinnings of the practice of financial well-being, addressing the relationship of day-to-day life to finances. \u003c\/p\u003e\u003cp\u003eMoving on from standard finance, which describes people as “rational,” the first generation of behavioral finance describes people as “irrational,” the second generation of behavioral finance describes people as “normal,” while the third generation of behavioral finance also describes people as “normal,” but broadens its lens to see people as whole persons. It focuses on well-being as people’s primary want, clarifying tradeoffs within and between each life domain. \u003c\/p\u003e\u003cp\u003e For financial advisors, financial planners, and investors, \u003ci\u003eA Wealth of Well-Being: A Holistic Approach to Behavioral Finance \u003c\/i\u003eis an important guidebook to the third generation of behavioral finance, ensuring that finances are integrated into lifestyle to achieve both financial and life well-being.   \u003c\/p\u003e\u003cp\u003e \u003cb\u003ePraise for A WEALTH OF WELL-BEING\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“Meir Statman is a leading proponent of using the insights of behavioral finance to help investors achieve financial security. In this delightfully written book, laden with real-life stories, he shows that these insights are even more important in helping us achieve a meaningful, purposeful life. Everyone can benefit from this wise and helpful guide to life well-being.”\u003cbr\u003e \u003cb\u003e—Burton G. Malkiel, \u003c\/b\u003eauthor of \u003ci\u003eA Random Walk Down Wall Street\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e“Behavioral finance has never been more important and more accessible as it is now, thanks to Meir Statman’s wonderful synthesis of the subject for the non-specialist. By taking on some of the biggest issues each of us face in our daily lives—friendship, health, dating, parenting, and religion—Statman makes a dry academic subject come to life and, in the process, provides life-altering advice that will make us all better off.”\u003cbr\u003e \u003cb\u003e— Andrew W. Lo, \u003c\/b\u003eHarris Professor of Finance at the MIT Sloan School of Management, author of \u003ci\u003eAdaptive Markets\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e“Meir Statman is one of the wise souls of the financial world — because he knows that finance is about so much more than stocks and bonds, greed and fear, promotions and paychecks. Dollars are important, but not nearly as important as most finance books suggest. Instead, as Meir makes clear in \u003ci\u003eA Wealth of Well-Being, \u003c\/i\u003efinancial well-being is just one of the pillars that supports life well-being. And, in the end, isn’t the goal not a fatter portfolio, but a richer life?”\u003cbr\u003e \u003cb\u003e— Jonathan Clements, \u003c\/b\u003eformer personal finance columnist for \u003ci\u003eThe Wall Street Journal \u003c\/i\u003eand founder of HumbleDollar \u003c\/p\u003e\u003cp\u003e“Finances and well-being are, of course, deeply intertwined. Ideally, they are complementary. But mistakes in either can do great harm to the other. All readers can appreciate the wise and thoughtful check list provided by this book.”\u003cbr\u003e \u003cb\u003e—Charles D. Ellis, \u003c\/b\u003eauthor of \u003ci\u003eWinning the Loser’s Game\u003c\/i\u003e  \u003c\/p\u003e\u003cp\u003e\"There are few people in the world better situated to help us make better decisions about our financial well-being than Professor Statman. He has already taught us what investors really want. Now, more importantly, he is teaching us how to make better decisions about our life well-being.” – \u003cb\u003eBarry L. Ritholtz, Chairman and CIO of Ritholtz Wealth Management, host of Masters in Business podcast\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“In gripping chapters on such subjects as parents and children, education, and even religion, Statman demonstrates both money’s importance and its limitations. Financial advisors will give better and more thoughtful advice, understanding the fundamental importance of family ties and attachments to the community.” -- \u003cb\u003eGeorge A. (Sandy) Mackenzie, author of \u003ci\u003eThe Decline of the Traditional Pension\u003c\/i\u003e, Founding Editor, the Journal of Retirement\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“Few people understand the evolving nature of financial planning better than Meir Statman. Ultimately, it’s not about investing, or even about money; it’s about enabling us to live authentic and fulfilling lives that reflect who we are and what we value. That’s why, all over the world, financial planning is morphing into holistic life planning. Anyone wanting to succeed in this exciting new profession should read this inspirational book.” -- \u003cb\u003eRobin Powell, journalist, author, and Editor of\u003ci\u003e The Evidence-Based Investor\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAspects of well-being are not only explained but are then tied to life circumstances, making it easy to relate personally to the many stories told, and learn from them. This is a wonderful book for ordinary people, never mind academics. -- \u003cb\u003eDon Ezra, Former Co-chair, Global Consulting, Russell Investments and Author of \u003ci\u003eHappiness\u003c\/i\u003e and \u003ci\u003eLife Two\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI wish my parents had the opportunity to read A Wealth of Well Being; finances created stresses to other parts of their lives that were simply irreconcilable Meir’s ability to take complex behavioral economic theory and distill it into practical life advice is second to none, with idea after idea to help the reader create and improve their own model for personal well-being.  A Wealth of Well Being should be required reading for all financial advisors.  -- \u003cb\u003eAlex Potts, President Emeritus, Buckingham Strategic Advisors\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e “As humans, we know that wealth and its quantitative nature underlies well-being, but we also know that well-being depends on the qualitative nature of family, friends, health, education, religion, and more. As financial professionals, however, we are tempted by our knowledge of math and modeling to focus on wealth and its quantitative nature. In “A Wealth of Well-Being” Meir integrates quantitative and qualitative in a holistic approach, guiding us, even financial professionals, to reflect on our well-being and enhance it.” -- \u003cb\u003eEduardo Repetto, CIO, Avantis Investors\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e “Yet again, Meir Statman has written a book which could well be called “revolutionary,” offering a holistic approach to behavioral finance. Clients will see themselves, their joys and sorrows, in the book's many studies and life stories, and bind themselves more closely to their advisers.” -- \u003cb\u003eJean Brunel, Managing Principal of Brunel Associates, author of \u003ci\u003eGoals-Based Wealth Management\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Meir’s book is a must read for those of us fascinated by the intersection of finance and psychology, that is behavioral finance. His amazing insights continue to enlighten wealth advisors as he helps us guide clients to life well-being, beyond financial well-being.\" -- \u003cb\u003eH.F. “Rick” Pitcairn II, Chief Global Strategist, Pitcairn\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988647166181,"sku":"NP9781394249671","price":30.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394249671.jpg?v=1761781106","url":"https:\/\/k12savings.com\/es\/products\/a-wealth-of-well-being-isbn-9781394249671","provider":"K12savings","version":"1.0","type":"link"}