The truth about China's financial industry--and the growing bubble that's guaranteed to blow it apart...

In recent years, the Chinese economy has been fueled by the implicit guarantee of major banks and local governments by the nation's central government. The resultant bubble has led to the emergence of a large shadow banking industry that poses major risks to China's real estate market, speculative stock investments, state-owned enterprises, and more.

It's not a matter of if China's bubble will burst. It's a matter of when.

This eye-opening...

This book sheds light on financial decision making and lays down the major biases in human behavioral decision making, such as over-confidence, naive extrapolation, attention, and risk aversion, and how they lead investors and corporations to make considerable mistakes in investment.

It draws on a large body of literature, from psychology and social psychology to, most importantly, behavioral economics and behavioral finance. It also looks at the progress in behavioral finance research over recent decades and includes research outputs based on retail and institutional...

This book sheds light on financial decision making and lays down the major biases in human behavioral decision making, such as over-confidence, naive extrapolation, attention, and risk aversion, and how they lead investors and corporations to make considerable mistakes in investment.

It draws on a large body of literature, from psychology and social psychology to, most importantly, behavioral economics and behavioral finance. It also looks at the progress in behavioral finance research over recent decades and includes research outputs based on retail and institutional...