{"product_id":"the-psychology-of-risk-isbn-9780471403876","title":"The Psychology of Risk","description":"One of the financial world's most respected experts on the psychology of risk provides a revolutionary risk management model\u003cbr\u003e Over the past three decades investors have adopted all varieties of complex quantitative systems for quantifying and managing risk. Yet, sophisticated investors and money managers continue to suffer record losses in today's increasingly volatile markets. This book bridges the gap between investor psychology and quantitative risk management with a revolutionary risk management program that virtually any trader or investor can easily adapt to their goals and personalities. Using numerous fascinating real-life case studies, Dr. Kiev illustrates the various psychological and emotional traps to which even the savviest investors can fall victim. He develops a dynamic new risk management model that combines quantitative models and money management techniques. He also provides rigorous guidelines that will help readers answer such crucial questions as: How much should I trade? How much risk can I handle? and When should I get out?Angesichts der verstärkten Schwankungsanfälligkeit moderner Märkte, wird das Thema Risikomanagement immer wichtiger.\u003cbr\u003e \u003cbr\u003e \"The Psychology of Risk\" schlägt eine Brücke zwischen Anlegerpsychologie und quanitativem Risikomanagement durch ein neues, revolutionäres Modell des Risikomanagement.\u003cbr\u003e \u003cbr\u003e Es handelt sich dabei um ein einzigartiges, dynamisches Riskikomanagement-Modell, das quanitative Modelle und Verfahren des Money Management mit Verhaltenspsychologie kombiniert. Basierend auf einem ganzheitlichen Ansatz, vermittelt es erfolgreiche Strategien und bewährte Verhaltensmodelle.\u003cbr\u003e \u003cbr\u003e Jeder Händler oder Anleger kann das hier vorgestellte Modell individuell auf seine Ziele und seine Persönlichkeit zuschneiden. \u003cbr\u003e \u003cbr\u003e Mit einer Fülle faszinierender Fallstudien aus der Praxis.\u003cbr\u003e \u003cbr\u003e Demonstriert werden u.a. auch verschiedene psychologische und emotionale Fallen, in die selbst der erfahrenste Anleger tappen kann.\u003cbr\u003e \u003cbr\u003e Stellt einen Katalog strenger Richtlinien auf, die bei der Beantwortung wichtiger Fragen helfen sollen, z.B.: Wieviel sollte ich handeln? Welches Risiko kann ich eingehen? Wann sollte ich aussteigen?\u003cbr\u003e \u003cbr\u003e Der Autor ist ein renommierter Psychiater und anerkannter Finanzexperte.  Introduction.\u003cbr\u003e \u003cbr\u003e PART ONE: THE ESSENTIALS OF RISK TAKING.\u003cbr\u003e \u003cbr\u003e Chapter One: Defining Risk.\u003cbr\u003e \u003cbr\u003e Considering a New Approach.\u003cbr\u003e \u003cbr\u003e Understanding the Psychology.\u003cbr\u003e \u003cbr\u003e Identifying the Problems.\u003cbr\u003e \u003cbr\u003e Chapter Two: Understanding the Approach.\u003cbr\u003e \u003cbr\u003e Making the Commitment.\u003cbr\u003e \u003cbr\u003e Setting a Target.\u003cbr\u003e \u003cbr\u003e PART TWO: THE PROBLEMS OF RISK.\u003cbr\u003e \u003cbr\u003e Chapter Three: Handling Your Emotions.\u003cbr\u003e \u003cbr\u003e Defining the Life Principle.\u003cbr\u003e \u003cbr\u003e Examining the Emotions of Trading.\u003cbr\u003e \u003cbr\u003e Understanding the Stress Response.\u003cbr\u003e \u003cbr\u003e Creating a New Life Principle.\u003cbr\u003e \u003cbr\u003e Owning Your Responses.\u003cbr\u003e \u003cbr\u003e Dealing with Anger.\u003cbr\u003e \u003cbr\u003e Maintaining Your Concentration.\u003cbr\u003e \u003cbr\u003e Chapter Four: Learning to Let Go.\u003cbr\u003e \u003cbr\u003e Battling Perfectionism.\u003cbr\u003e \u003cbr\u003e Overcoming Mental Accounting.\u003cbr\u003e \u003cbr\u003e Combating Paralysis.\u003cbr\u003e \u003cbr\u003e Learning to Become Flexible.\u003cbr\u003e \u003cbr\u003e Hoarding Stub Ends.\u003cbr\u003e \u003cbr\u003e Considering the Herd.\u003cbr\u003e \u003cbr\u003e Releasing the Rationalizations.\u003cbr\u003e \u003cbr\u003e Acting Now.\u003cbr\u003e \u003cbr\u003e PART THREE: THE PERSONALITIES OF RISK.\u003cbr\u003e \u003cbr\u003e Chapter Five: Profiling Passive Traders.\u003cbr\u003e \u003cbr\u003e Cautious Traders.\u003cbr\u003e \u003cbr\u003e Fearful Traders.\u003cbr\u003e \u003cbr\u003e Insecure Traders.\u003cbr\u003e \u003cbr\u003e Committing to a Result.\u003cbr\u003e \u003cbr\u003e Choosing What You Have.\u003cbr\u003e \u003cbr\u003e Discovering What Is Missing.\u003cbr\u003e \u003cbr\u003e Chapter Six: Profiling the High-Risk Trader.\u003cbr\u003e \u003cbr\u003e The Solutions.\u003cbr\u003e \u003cbr\u003e Chapter Seven: Recognizing the Master Trader.\u003cbr\u003e \u003cbr\u003e Defining the Master Trader.\u003cbr\u003e \u003cbr\u003e Developing Mastery.\u003cbr\u003e \u003cbr\u003e Assessing Your Progress.\u003cbr\u003e \u003cbr\u003e PART FOUR: THE PRACTICE OF RISK TAKING.\u003cbr\u003e \u003cbr\u003e Chapter Eight: Increasing Your Risk.\u003cbr\u003e \u003cbr\u003e Understanding the Value of Statistics.\u003cbr\u003e \u003cbr\u003e Using Specialized Techniques.\u003cbr\u003e \u003cbr\u003e Chapter Nine: Handling Failure . . . and Success.\u003cbr\u003e \u003cbr\u003e Recognizing a Breakdown.\u003cbr\u003e \u003cbr\u003e Managing the Emotions of Breakdown.\u003cbr\u003e \u003cbr\u003e Turning Breakdowns into Breakthroughs.\u003cbr\u003e \u003cbr\u003e Recreating the Wins.\u003cbr\u003e \u003cbr\u003e Remembering the Plan.\u003cbr\u003e \u003cbr\u003e Chapter Ten: Doing the Work.\u003cbr\u003e \u003cbr\u003e Discerning the Importance of Data Analysis.\u003cbr\u003e \u003cbr\u003e Determining What Is Relevant.\u003cbr\u003e \u003cbr\u003e Understanding the Business Model.\u003cbr\u003e \u003cbr\u003e Paying Attention to the Catalysts.\u003cbr\u003e \u003cbr\u003e Interpreting the Silent Data.\u003cbr\u003e \u003cbr\u003e Using Technical Analysis.\u003cbr\u003e \u003cbr\u003e Chapter Eleven: Coping with Risk: Coaching, Teamwork, Systems.\u003cbr\u003e \u003cbr\u003e Consult a Coach.\u003cbr\u003e \u003cbr\u003e Take Advantage of Teamwork.\u003cbr\u003e \u003cbr\u003e See About a System.\u003cbr\u003e \u003cbr\u003e Conclusion.\u003cbr\u003e \u003cbr\u003e Index.  ARI KIEV, MD, is a practicing psychiatrist who has received recognition in the financial community for his insights into the psychology of decision making under stress and for the creation of goal-directed programs to enhance trading performance. He is the author of fifteen books, including Trading to Win: The Psychology of Mastering the Markets, Trading in the Zone: Maximizing Performance with Focus and Discipline, and the bestselling masterpiece A Strategy for Daily Living. He is President of the Social Psychiatry Research Institute in New York, has appeared on CNBC and CNNfn, and has been featured on Forbes.com, cbsmarketwatch.com, in The New York Times, and The New York Post. Dr. Kiev frequently writes for Active Trader magazine and was featured in Stock Market Wizards by Jack Schwager for his significant contributions to some of Wall Street's most successful hedge funds.\u003cbr\u003e \u003cbr\u003e If you would like to contact Ari Kiev, please send an e-mail to niss33@aol.com.  THE PSYCHOLOGY of RISK\u003cbr\u003e Mastering Market Uncertainty\u003cbr\u003e \u003cbr\u003e In The Psychology of Risk: Mastering Market Uncertainty, renowned psychiatrist and trading coach Ari Kiev builds on his internationally acclaimed books Trading to Win and Trading in the Zone to explore the psychology behind risk and trading. By focusing on your appetite for risk-taking, your ability to manage and adapt to risk, and your pathological patterns of risk-taking, Kiev shows you how to overcome the psychological obstacles of risk that undermine your decision-making process and ability to cut losing trades and stick with winners.\u003cbr\u003e \u003cbr\u003e With the help of numerous trading case studies, Kiev outlines a risk management program that bridges the gap between investor psychology and quantitative risk management techniques. Filled with expert advice and examples of real market situations, The Psychology of Risk allows you to take action in the face of uncertainty and unpredictability by addressing issues such as:\u003cbr\u003e * Risk and the trading approaches you need to deal with it\u003cbr\u003e * Psychological techniques that will help you trade independently of emotions: excitement, anger, fear, and stress\u003cbr\u003e * Handling problematic behaviors such as perfectionism, decision paralysis, hoarding, and impulsiveness\u003cbr\u003e * Handling failure and success\u003cbr\u003e * Using the tools of coaching, teamwork, and system building to overcome obstacles\u003cbr\u003e \u003cbr\u003e Risk taking does not mean living dangerously; it shows a willingness to act beyond the circle of what you already know. In breaking from the natural inclination to \"avoid risk at all costs,\" you will begin to see risk in a new light-certainly not always as a negative force. The step-by-step approach presented in The Psychology of Risk will provide you with a new and stimulating perspective on risk, which will enhance your trading success and increase your profits.  Praise for The PSYCHOLOGY of RISK\u003cbr\u003e \u003cbr\u003e \"The Psychology of Risk is equally vital for everyone from the day trader to short-term online trader to long-term investor. A clear, enjoyable insight into what makes trading success.\"\u003cbr\u003e -Alpesh B. Patel, Financial Times columnist and author of Trading Online\u003cbr\u003e \u003cbr\u003e \"Once again Dr. Kiev delivers a book that should be read cover to cover and kept as a reference. The Psychology of Risk explores the elements of risk taking as they relate to the human psyche.\"\u003cbr\u003e -John Floyd, Director, Proprietary Trading, Deutsche Bank AG\u003cbr\u003e \u003cbr\u003e \"In 2000 and 2001, benchmark U.S. equity indices experienced the worst two-year performance since the bear market of 1973-74. Among the winners in this tumultuous market environment were those that invested with short time horizons rather than those that utilized a rigid buy-and-hold 'one decision' philosophy. Against this backdrop, Kiev, in his familiar pull-no-punches style, delivers an insightful, timely, and pragmatic thesis that focuses on the inner game of trading: psychology, discipline, and the holy grail-timing. A captivating read for those in search of a performance edge.\"\u003cbr\u003e -Ciaran T. O'Kelly, Head of Equity Trading, Salomon Smith Barney\u003cbr\u003e \u003cbr\u003e \"Ari has proven himself to be a keen coach of world-class traders. The Psychology of Risk is a great read for those looking to better understand what it takes to put oneself at risk in the market.\"\u003cbr\u003e -Kevin Becker, CIO, Claiborne Capital Management, LP\u003cbr\u003e \u003cbr\u003e \"Ari Kiev has done it again. One of Wall Street's preeminent trading coaches, he explores some useful principles of risk taking which will help traders to take their game to the next level.\"\u003cbr\u003e Jay Goldman, Hedge Fund Manager, Goldman \u0026amp; Co., LP","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990324134117,"sku":"NP9780471403876","price":73.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471403876.jpg?v=1761787358","url":"https:\/\/k12savings.com\/products\/the-psychology-of-risk-isbn-9780471403876","provider":"K12savings","version":"1.0","type":"link"}