To spend or to save? That is the choice for anyone with spare cash. The internal conflict we experience between our immediate desires and our responsibility towards our future has been recognised since ancient times, and is now studied scientifically in the burgeoning field of behavioural finance. Investors save rather spend some of their money in the expectation of increased spending power. The price paid for the higher spending power is postponement and exposure to risk. This book examines how delay and risk may influence personal investment decisions. Three main...
To spend or to save? That is the choice for anyone with spare cash. The internal conflict we experience between our immediate desires and our re...