The most recommended behavioral economics books

Who picked these books? Meet our 74 experts.

74 authors created a book list connected to behavioral economics, and here are their favorite behavioral economics books.
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Nudge

By Richard H. Thaler, Cass R. Sunstein,

Book cover of Nudge: The Final Edition

Linda Ginzel Author Of Choosing Leadership: How to Create a Better Future by Building Your Courage, Capacity, and Wisdom

From the list on leadership that don’t have leadership in the title.

Who am I?

I am a lifelong educator who believes that everyone can create a better future by changing behaviors, practicing leadership skills, and improving outcomes across time and place—at home, work, and community. If you believe in lifelong learning, join me in elevating the courage, capacity, and wisdom of people everywhere through Choosing Leadership. This book is an accessible, educational tool that provides a structured approach combining individual written reflection with discussion to create collective wisdom in groups. Together, we can change the global conversation about leadership—from heroic mythic beings called “Leaders” to diverse human beings that I call “Champions.”

Linda's book list on leadership that don’t have leadership in the title

Why did Linda love this book?

This is the quintessential behavioral economics book by The University of Chicago’s most dynamic duo.

Leadership is all about change and Nudge (not to be confused with the Yiddish word, Noogde) has done more than most any other book to change both the academic world of economics and global practices.

The application of social psychology at the individual, group, and organizational levels is the magic behind the new field of behavioral economics. 

By Richard H. Thaler, Cass R. Sunstein,

Why should I read it?

4 authors picked Nudge as one of their favorite books, and they share why you should read it.

What is this book about?

*Once again a New York Times bestseller! First the original edition, and now the new Final Edition*

An essential new edition revised and updated from cover to cover of one of the most important books of the last two decades, by Nobel Prize winner Richard H. Thaler and Cass R. Sunstein

More than 2 million copies sold

Since the original publication of Nudge more than a decade ago, the title has entered the vocabulary of businesspeople, policy makers, engaged citizens, and consumers everywhere. The book has given rise to more than 400 "nudge units" in governments around the world and…


Tap, Click, Read

By Lisa Guernsey, Michael H. Levine,

Book cover of Tap, Click, Read: Growing Readers in a World of Screens

Natalia I. Kucirkova Author Of The Future of the Self: Understanding Personalization in Childhood and Beyond

From the list on research on children’s technology use.

Who am I?

As an avid reader, I have been fascinated by children’s reading development and began researching this topic with a specific interest in the personal motivation of young readers. I examined children’s reading in various digital formats, including e-books made by families and children themselves. Today, I work as Professor in Norway and the UK and enjoy working across academia and industry. I feel very passionate about communicating research in an accessible way to children’s teachers, caregivers, and policy-makers. The books on my list do this exceptionally well, and I hope you will enjoy them as much as I did.

Natalia's book list on research on children’s technology use

Why did Natalia love this book?

Tap, Click, Read was one of the first books to describe reading with screens in a balanced and measured way. I liked that the authors engaged with a range of research studies and outlined the significant potential of digital books for children’s literacy development, particularly if the books are designed with research principles in mind. The book inspired me to write in jargon-free language when communicating research to non-academic audiences. I loved the many examples in the book illustrating how young children tap, click and indeed read with modern interactive screens.

By Lisa Guernsey, Michael H. Levine,

Why should I read it?

1 author picked Tap, Click, Read as one of their favorite books, and they share why you should read it.

What is this book about?

A guide to promoting literacy in the digital age With young children gaining access to a dizzying array of games, videos, and other digital media, will they ever learn to read? The answer is yes if they are surrounded by adults who know how to help and if they are introduced to media designed to promote literacy, instead of undermining it. Tap, Click, Read gives educators and parents the tools and information they need to help children grow into strong, passionate readers who are skilled at using media and technology of all kinds print, digital, and everything in between. In…


Studies in Tape Reading

By Rollo Tape, Richard DeMille Wyckoff,

Book cover of Studies in Tape Reading: A 1910 Classic on Tape Reading & Stock Market Tactics

Bo Yoder Author Of Optimize Your Trading Edge: Increase Profits, Reduce Draw-Downs, and Eliminate Leaks in Your Trading Strategy

From the list on helping you optimize your trading edge.

Who am I?

I first fell in love with the markets when in 1995, I made more on 1 stock investment than I did working all winter in the freezing cold as a ski instructor. I see it as the world’s greatest game and it has given me a life of unparalleled freedom that I am eternally grateful for. Trading has allowed me to pursue my interests and go deep into behavioral psychology, economics, neurobiology, and would never have had the breakthroughs I have had like the Bottega method for AI or the Myalolipsis technique for developing effortless, unshakable self-discipline if I hadn’t been an active trader.

Bo's book list on helping you optimize your trading edge

Why did Bo love this book?

The markets are always changing. My ability to maintain performance for over 25+ years I believe comes from my deep foundation in the universal principles that drive market prices.

This book was pivotal in my understanding that some things never change. It is a bit difficult to get through, since it was written in the early 1900s. I think the strangeness of the language forced me to really think through and understand the lessons the book teaches.

In my experience, mental strengthening is step #1. 

Then you need to learn the art of behavioral analysis and economic psychology if you want to be able to consistently understand why markets move so you can begin to forecast those movements…

This book is a great place to get that process started.

By Rollo Tape, Richard DeMille Wyckoff,

Why should I read it?

1 author picked Studies in Tape Reading as one of their favorite books, and they share why you should read it.

What is this book about?

Rollo Tape is the colorful pen name of Richard D. Wyckoff. This 1910 classic on tape reading and stock market tactics is by one of its most astute students. Wyckoff for many years was a publisher of the Ticker Magazine which was later changed to The Magazine of Wall Street. He contributed more to the study of price movements than anyone else in America.


Stumbling on Happiness

By Daniel Gilbert,

Book cover of Stumbling on Happiness

Linda Ginzel Author Of Choosing Leadership: How to Create a Better Future by Building Your Courage, Capacity, and Wisdom

From the list on leadership that don’t have leadership in the title.

Who am I?

I am a lifelong educator who believes that everyone can create a better future by changing behaviors, practicing leadership skills, and improving outcomes across time and place—at home, work, and community. If you believe in lifelong learning, join me in elevating the courage, capacity, and wisdom of people everywhere through Choosing Leadership. This book is an accessible, educational tool that provides a structured approach combining individual written reflection with discussion to create collective wisdom in groups. Together, we can change the global conversation about leadership—from heroic mythic beings called “Leaders” to diverse human beings that I call “Champions.”

Linda's book list on leadership that don’t have leadership in the title

Why did Linda love this book?

The amazing social psychologist, Dan Gilbert, beautifully wrote this positive psychology book in 2007; it remains my favorite to this day.

I remember a friend excitedly telling me that she discovered this book and because of it, she finally understands happiness! Gilbert’s insights help all of us on the road to becoming our future selves. That’s what leadership development is all about.

By Daniel Gilbert,

Why should I read it?

9 authors picked Stumbling on Happiness as one of their favorite books, and they share why you should read it.

What is this book about?

Bringing to life scientific research in psychology, cognitive neuroscience, philosophy, and behavioral economics, this bestselling book reveals what scientists have discovered about the uniquely human ability to imagine the future, and about our capacity to predict how much we will like it when we get there. 

• Why are lovers quicker to forgive their partners for infidelity than for leaving dirty dishes in the sink?

• Why will sighted people pay more to avoid going blind than blind people will pay to regain their sight?

• Why do dining companions insist on ordering different meals instead of getting what they…


Book cover of Finance for Normal People: How Investors and Markets Behave

Larry R. Frank Sr. Author Of Wealth Odyssey: The Essential Road Map for Your Financial Journey Where Is It You Are Really Trying to Go with Money?

From the list on issues that confuse many people about money.

Who am I?

Wealth Odyssey is a summary work based on a 12-hour adult education course I taught for 10 years. It’s important to me to educate people through my 29 years in the profession (1994-2023), my focus has always been on helping people first understand that retirement means you’re wealthy enough not to work anymore – working is optional. You don’t need to be rich. Wealth is scalable for any income level and comes from foundation income and investments to supplement that foundation to support your desired lifestyle’s Standard of Individual Living (SOIL) for as long as you live. Your focus should be on your plan and apply a few concepts grounded in well researched evidence.

Larry's book list on issues that confuse many people about money

Why did Larry love this book?

Everyone makes mental shortcuts and also have biases. How can we learn to recognize errors in thinking when it comes to our money? How can we make better choices when it comes to saving or spending? Are we normal or irrational?

Behavioral finance began in the 1970s and I found Statman’s discussion fascinating on almost every page. He sums up these biases when applied to our financial choices as well as to the markets.

Normal people have wants and emotions. This contrasts with many books about how people are irrational. Indeed, we are more normal than irrational once we understand that poor choices are actually normal. Statman describes how to make better choices by recognizing choice and biases we have.

These concepts are important if you want to grow your wealth without making someone else wealthy through your spending habits.

By Meir Statman,

Why should I read it?

1 author picked Finance for Normal People as one of their favorite books, and they share why you should read it.

What is this book about?

Finance for Normal People teaches behavioral finance to people like you and me - normal people, neither rational nor irrational. We are consumers, savers, investors, and managers - corporate managers, money managers, financial advisers, and all other financial professionals.

The book guides us to know our wants - including hope for riches, protection from poverty, caring for family, sincere social responsibility and high social status. It teaches financial facts and human behavior, including making cognitive and emotional shortcuts and avoiding cognitive and emotional errors such as overconfidence, hindsight, exaggerated fear, and unrealistic hope. And it guides us to banish ignorance,…


Behavioral Economics

By Philip Corr, Anke Plagnol,

Book cover of Behavioral Economics: The Basics

Wray Vamplew Author Of Games People Played: A Global History of Sports

From Wray's 3 favorite reads in 2023.

Who am I?

Author Professor Sports economist Sports historian Cynic

Wray's 3 favorite reads in 2023

Why did Wray love this book?

What grabbed my attention was a section comparing homo economicus with Homer Simpson, rational economic thinking versus the impulsive American comedic icon.

Most economics is based on individuals exercising rational decision-making to achieve maximum personal utility, be this in terms of financial or psychic income.

Their collective response allows statements to be made about aggregated economic behaviour. Such a view is being challenged by behavioural economists who integrate lessons from psychology with the 'laws' of economics.

They believe behaviour is not always driven by a conscious cost-benefit approach but can be influenced by emotional and cultural factors, which can lead to decisions which contradict economic theory, are irrational and inconsistent, and may not be in the individual's best interests.

By Philip Corr, Anke Plagnol,

Why should I read it?

1 author picked Behavioral Economics as one of their favorite books, and they share why you should read it.

What is this book about?

The second edition of Behavioral Economics: The Basics summarizes behavioral economics, which uses insights from the social sciences, especially psychology, to explain real-world economic behavior. Behavioral economic insights are routinely used not only to understand the choices people make but also to influence them, whether the aim is to enable citizens to lead healthier and wealthier lives, or to turn browsers into buyers.

Revised and updated throughout with fresh current-event examples, Behavioral Economics: The Basics provides a rigorous yet accessible overview of the field that attempts to uncover the psychological processes which mediate all the economic judgements and decisions we…


The Undoing Project

By Michael Lewis,

Book cover of The Undoing Project: A Friendship That Changed Our Minds

Ron S. Kenett Author Of The Real Work of Data Science: Turning Data into Information, Better Decisions, and Stronger Organizations

From the list on how numbers turn into information.

Who am I?

I was trained as a mathematician but have always been motivated by problem-solving challenges. Statistics and analytics combine mathematical models with statistical thinking. My career has always focused on this combination and, as a statistician, you can apply it in a wide range of domains. The advent of big data and machine learning algorithms has opened up new opportunities for applied statisticians. This perspective complements computer science views on how to address data science. The Real Work of Data Science, covers 18 areas (18 chapters) that need to be pushed forward in order to turning data into information, better decisions, and stronger organizations

Ron's book list on how numbers turn into information

Why did Ron love this book?

In addressing decision makers, an understanding of forces affecting human behavior is essential. The author provides a comprehensive view on the work of Kahneman and Tversky mapping their journey which lead to their highly impactful behavioral economic body of knowledge. The bias they address provides data scientists a widened perspective on their role and how to address organizational challenges. This provides a language to recognise and address bias inherent in human thinking. The book provides a very powerful set of tools for data scientists who want to see behind the numbers and understand forces affecting human behavior.

By Michael Lewis,

Why should I read it?

3 authors picked The Undoing Project as one of their favorite books, and they share why you should read it.

What is this book about?

'Michael Lewis could spin gold out of any topic he chose ... his best work ... vivid, original and hard to forget' Tim Harford, Financial Times

'Gripping ... There is war, heroism, genius, love, loss, discovery, enduring loyalty and friendship. It is epic stuff ... Michael Lewis is one of the best non-fiction writers of our time' Irish Times

From Michael Lewis, No.1 bestselling author of The Big Short and Flash Boys, this is the extraordinary story of the two men whose ideas changed the world.

Daniel Kahneman and Amos Tversky met in war-torn 1960s Israel. Both were gifted young…


Book cover of The Little Book of Behavioral Investing: How not to be your own worst enemy

John M. Jennings Author Of The Uncertainty Solution: How to Invest with Confidence in the Face of the Unknown

From the list on novices to learn about investing.

Who am I?

I’ve long been fascinated by money and wealth and people’s relationship to them. I started my career as an estate planning attorney and then broadened my expertise to investing. I know that investing can seem scary due to the complexity of the financial markets and the overwhelming amount of investment products and strategies. But successful investing doesn’t have to be hard or scary. With the proper guidance, anyone can embark on a strategy of creating wealth through investing. Reading the right book is a good first step in the right direction.

John's book list on novices to learn about investing

Why did John love this book?

Practicing good behavior is the most important ingredient of successful investing.

And understanding the ingrained biases and heuristics that negatively impact our behavior is essential to good investment behavior.

I’ve read dozens of books on behavioral biases, and I think this book is among the best and a perfect introduction to the topic. Written in a light and humorous manner, Montier explains common cognitive biases, how they lead to irrational investment decisions, strategies for overcoming them, and how to practice better investment behavior.

By James Montier,

Why should I read it?

1 author picked The Little Book of Behavioral Investing as one of their favorite books, and they share why you should read it.

What is this book about?

A detailed guide to overcoming the most frequently encountered psychological pitfalls of investing

Bias, emotion, and overconfidence are just three of the many behavioral traits that can lead investors to lose money or achieve lower returns. Behavioral finance, which recognizes that there is a psychological element to all investor decision-making, can help you overcome this obstacle.

In The Little Book of Behavioral Investing, expert James Montier takes you through some of the most important behavioral challenges faced by investors. Montier reveals the most common psychological barriers, clearly showing how emotion, overconfidence, and a multitude of other behavioral traits, can affect…


Die With Zero

By Bill Perkins,

Book cover of Die With Zero: Getting All You Can from Your Money and Your Life

Andreas Schneider Author Of Enlightened Mobility: How we can surpass symbolic climate action & make transport carbon-free

From Andreas' 3 favorite reads in 2023.

Who am I?

Author Mobility & transportation aficionado Author & speaker Global citizen Diver Life student

Andreas' 3 favorite reads in 2023

Why did Andreas love this book?

This is a great book to get your priorities in life clear and proactively plan your life to get the most out of it. Considering that our activities in life are highly dependent on resources such as time, money, and health, this book is a great tool to live your life without regrets. The earlier in life you read it, the better!

By Bill Perkins,

Why should I read it?

1 author picked Die With Zero as one of their favorite books, and they share why you should read it.

What is this book about?

Imagine if by the time you died, you did everything you were told to. You worked hard, saved your money, and looked forward to financial freedom when you retired.

The only thing you wasted along the way was... your life.

Die with Zero presents a startling new and provocative philosophy as well as practical guide on how to get the most out of your money - and out of your life. It's intended for those who place lifelong memorable experiences far ahead of simply making and accumulating money for one's so-called Golden Years.

In short, Bill Perkins wants to rescue…


The Warren Buffett Way

By Robert G. Hagstrom,

Book cover of The Warren Buffett Way

Joe Carlen Author Of The Einstein Money: The Life and Timeless Financial Wisdom of Benjamin Graham

From the list on understanding value investing and business value.

Who am I?

As an investor and a professional business valuation specialist, I have a passion for understanding the true intrinsic value of both publicly-traded and closely-held (private) companies. There’s no denying that Warren Buffett, emulating the example of his mentor Benjamin Graham, applied a private company valuation approach to the selection of publicly-traded stocks and the results speak for themselves. Furthermore, given my somewhat technical educational and vocational background, I am more comfortable than most valuators with highly technical and IP-weighted businesses. That is why I consider IP valuation to be an integral element of business valuation. 

Joe's book list on understanding value investing and business value

Why did Joe love this book?

While Graham is the pioneer of value investing, there’s no question that his student, employee, and, ultimately, close friend Warren Buffett is its most successful practitioner. Although the essence of their respective approaches is similar, there are some important differences to understand. As the best book about Buffett’s investing style that I’ve encountered thus far, Hagstrom’s The Warren Buffett Way highlights some of Buffett’s most astonishing investment coups and the logic behind them. Upon reading both of those books, the reader will have gained a nuanced understanding of how Buffett took the Graham approach to business valuation/security selection and improved upon it. 

By Robert G. Hagstrom,

Why should I read it?

2 authors picked The Warren Buffett Way as one of their favorite books, and they share why you should read it.

What is this book about?

Warren Buffett is the most famous investor of all time and one of today s most admired business leaders. He became a billionaire and investment sage by looking at companies as businesses rather than prices on a stock screen. The first two editions of The Warren Buffett Way gave investors their first in-depth look at the innovative investment and business strategies behind Buffett s spectacular success. The new edition updates readers on the latest investments by Buffett. And, more importantly, it draws on the new field of behavioral finance to explain how investors can overcome the common obstacles that prevent…


Carrots and Sticks

By Ian Ayres,

Book cover of Carrots and Sticks: Unlock the Power of Incentives to Get Things Done

Fumio Sasaki Author Of Hello, Habits: A Minimalist's Guide to a Better Life

From the list on harnessing the power of habits.

Who am I?

When I became a minimalist, I found that having less made my household chores so much easier. Before then, I thought I was a loser who lets dirty dishes and laundry pile up. But when my environment changed, what I had believed was my personality also shifted. Once my apartment was tidy, it became a habit to do the dishes right away and vacuum the floor before going out, and my life became consistently enjoyable. But other habits were harder nuts to crack, like quitting drinking or exercising regularly. In Hello, Habits I write about my journey of acquiring these habits through a process of trial and error.

Fumio's book list on harnessing the power of habits

Why did Fumio love this book?

Hyperbolic discounting is a term used in behavioral economics to describe our tendency to overvalue immediate gratification while undervaluing future rewards. When asked to choose between getting (A) one apple a year from now or (B) two apples a year and a day from now, people pick (B). However, if the choice is between getting (A) one apple today or (B) two apples tomorrow, people find (A) more attractive. Why is it so difficult to acquire good habits, like going to bed early or getting important work done, instead of playing with our smartphone? The idea of hyperbolic discounting offers a brilliant explanation, shedding light on the troublesome natures we humans possess. Although that’s not the main focus of this book, it’s still an excellent, easy-to-read introduction to behavioral economics.

By Ian Ayres,

Why should I read it?

1 author picked Carrots and Sticks as one of their favorite books, and they share why you should read it.

What is this book about?

Could you lose weight if you put $20,000 at risk? Would you finally set up your billing software if it meant that your favorite charity would earn a new contribution? If you’ve ever tried to meet a goal and came up short, the problem may not have been that the goal was too difficult or that you lacked the discipline to succeed. From giving up cigarettes to increasing your productivity at work, you may simply have neglected to give yourself the proper incentives.

In Carrot and Sticks, Ian Ayres, the New York Times bestselling author of Super Crunchers, applies the…


Book cover of Predictably Irrational: The Hidden Forces That Shape Our Decisions

Emily Guy Birken Author Of Making Social Security Work for You: Advice, Strategies, and Timelines That Can Maximize Your Benefits

From the list on changing the way you look at money.

Who am I?

When I was about 8, I remember taking all the money out of my piggy bank, counting it, and carefully putting it back in again. My sister called me Ms. Moneybags. But I wasn’t worried about accumulating money. I was fascinated by money’s pure potential. I could do anything with it! From that early interest in the potential of money, I grew to be an avid reader of financial books–and that led to a surprise career as a money writer. I still love to think about money’s potential and the best ways to allocate that potential, and I love to bring my readers with me on the fascinating journey.

Emily's book list on changing the way you look at money

Why did Emily love this book?

As of 2023, behavioral economics is no longer a surprising new look at old economics principles–but that doesn’t change just how entertaining, surprising, and challenging you will find the experiments detailed in Predictably Irrational. 

In one notable experiment, Dr. Ariely placed six-packs of soft drinks next to plates of cash inside of communal dorm fridges–to prove we tend to be honest about cash but feel no compunction about swiping someone else’s Coke. In another memorable experiment, male volunteers were asked moral questions when they were in a state of arousal–which helped prove that morals are flexible depending on the circumstances. 

Reading this book will make you realize just how often you make decisions–especially financial decisions–that are weird, illogical, and irrational.

By Dan Ariely,

Why should I read it?

13 authors picked Predictably Irrational as one of their favorite books, and they share why you should read it.

What is this book about?

Why do smart people make irrational decisions every day? The answers will surprise you. Predictably Irrational is an intriguing, witty and utterly original look at why we all make illogical decisions.

Why can a 50p aspirin do what a 5p aspirin can't? If an item is "free" it must be a bargain, right? Why is everything relative, even when it shouldn't be? How do our expectations influence our actual opinions and decisions?

In this astounding book, behavioural economist Dan Ariely cuts to the heart of our strange behaviour, demonstrating how irrationality often supplants rational thought and that the reason for…


Administrative Behavior

By Herbert A. Simon,

Book cover of Administrative Behavior

Ananish Chaudhuri Author Of Experiments in Economics: Playing Fair with Money

From the list on emotions and economic decisions.

Who am I?

I am Professor of Experimental Economics at the University of Auckland where my work lies at the interface of economics and psychology. In a discipline (and a world) that tends to emphasize human self-interest, I have always been interested in our willingness to engage in unselfish behavior. Incentivized decision-making experiments with human participants where payments depend on the nature of their decisions are a powerful way of analyzing behavior. Are people willing to put their money where their mouth is? My background running experiments made me well-positioned to study some of these questions; a lot of them in collaboration with other social scientists including psychologists and political scientists. 

Ananish's book list on emotions and economic decisions

Why did Ananish love this book?

To a large extent, the research agenda that is subsumed under the rubric of “behavioral economics” started with the idea of bounded rationality and the departures from the utility maximizing model of economics.

Many of the ideas pursued in this line of work owe their origin to the work of Herbert Simon, whose doctorate was in political science from Chicago in 1943 but who was awarded the Nobel Prize in Economics in 1978 for combining ideas from mathematics, psychology, economics, and computer science to understand decision making in large organizations. This is not to suggest that none of this was known before.

In fact, some people consider Adam Smith to be the first behavioral economist for his work The Theory of Moral Sentiments, which incorporates ideas from David Hume that it is passion (or emotions) that drive human behavior rather than deliberative reasoning. But, by and large, Simon’s work provided…

By Herbert A. Simon,

Why should I read it?

1 author picked Administrative Behavior as one of their favorite books, and they share why you should read it.

What is this book about?

In this fourth edition of his ground-breaking work, Herbert A. Simon applies his pioneering theory of human choice and administrative decision-making to concrete organizational problems. To commemorate the fiftieth anniversary of the book's original publication, Professor Simon enhances his timeless observations on the human decision-making process with commentaries examining new facets of organizational behavior. Investigating the impact of changing social values and modem technology on the operation of organizations, the new ideas featured in this revised edition update a book that has become a worldwide classic.
Named by Public Administration Review as "Book of the Half Century," Administrative Behavior is…


Beyond Greed and Fear

By Hersh Shefrin,

Book cover of Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing

Tony Davidow Author Of Goals-Based Investing: A Visionary Framework for Wealth Management

From the list on wealth advisors who want to embrace change.

Who am I?

Tony Davidow has more than 35 years of experience in working with advisors, institutions, and ultra-high-net-worth investors regarding advanced asset allocation strategies, and the use of alternative investments. He's currently Senior Alternatives Strategist at the Franklin Templeton Institute. Previously, Davidow held senior leadership roles with Morgan Stanley, Guggenheim, and Schwab among other firms. He's a frequent writer and speaker with deep expertise in the use of alternative investments, asset allocation and portfolio construction, and goals-based investing. In 2020, he received the prestigious Investments & Wealth Institute Wealth Management Impact Award for his contributions to the wealth management industry; and in 2017, he was awarded the Stephen L. Kessler Writing Award for excellence in editorial contributions.

Tony's book list on wealth advisors who want to embrace change

Why did Tony love this book?

Hersh Shefrin shares research and insights regarding behavioral biases, and how investors respond to emotional stimuli.

Even though the research on behavioral finance has been around for decades, it hasn't been effectively incorporated into advisor practices. Shefrin emphasizes the importance of financial advisors to understand and embrace behavioral finance. He argues to ignore these psychological tendencies would be foolish and unwise.

By Hersh Shefrin,

Why should I read it?

1 author picked Beyond Greed and Fear as one of their favorite books, and they share why you should read it.

What is this book about?

This book provides a comprehensive treatment of behavioural finance. With the use of the latest psychological research, Shefrin helps us to understand the human behaviour that guides stock selection, financial services, and corporate financial strategy. He argues that financial practitioners must acknowledge and understand behavioural finance - the application of psychology to financial behaviour - in order to avoid many of the investment pitfalls caused by human
error. Shefrin points out the common but costly mistakes that money managers, security analysts, financial planners, investment bankers, and corporate leaders make, so that readers gain valuable insights into their own financial decisions…


The Coaching Habit

By Michael Bungay Stanier,

Book cover of The Coaching Habit: Say Less, Ask More & Change the Way You Lead Forever

Alan Stein Jr. Author Of Sustain Your Game: High Performance Keys to Manage Stress, Avoid Stagnation, and Beat Burnout

From the list on managing stress and beating burnout.

Who am I?

I’m a professional keynote speaker and author that has long been fascinated with tenants of high performance. When I began, I was curious about how high performance could lead to increased achievement and accomplishment. Now, I am fascinated by how high performance can lead to heightened happiness and fulfillment. Thus, I love reading, watching, and listening to any resource that can help improve the quality of my life… so that I can pay that forward and improve the quality of life for those I serve. I believe a candle loses nothing by lighting another candle. 

Alan's book list on managing stress and beating burnout

Why did Alan love this book?

The brilliance of The Coaching Habit lies in its simplicity – it provides seven effective questions leaders can utilize to improve their impact and influence. It is full of practical, actionable tools that can be implemented immediately to deepen connections and empower others to do their best work. While this book is a quick, easy, and enjoyable read – it is incredibly profound and powerful. 

By Michael Bungay Stanier,

Why should I read it?

1 author picked The Coaching Habit as one of their favorite books, and they share why you should read it.

What is this book about?

Look for Michael's new book, The Advice Trap, which focuses on taming your Advice Monster so you can stay curious a little longer and change the way you lead forever.

In Michael Bungay Stanier's The Coaching Habit, coaching becomes a regular, informal part of your day so managers and their teams can work less hard and have more impact.

Drawing on years of experience training more than 10,000 busy managers from around the globe in practical, everyday coaching skills, Bungay Stanier reveals how to unlock your peoples' potential. He unpacks seven essential coaching questions to demonstrate how-by saying less and…


Book cover of The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street

Diana B. Henriques Author Of A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Wall Street History

From the list on why today’s financial world is the way it is.

Who am I?

When I first started covering Wall Street as a reporter, I faced a steep learning curve. I had always loved history, but I knew almost nothing about the history of Wall Street itself. I started educating myself -- and what began as a utilitarian effort to do my job better became a life-changing passion. Too often, financial history gets written for analysts and academics; it was a rare joy to find writers who told these wonderful Wall Street tales in an engaging, accessible way. That became my goal as an author: to write financial history in a way that could fascinate the general reader.

Diana's book list on why today’s financial world is the way it is

Why did Diana love this book?

Perhaps no academic theory has had a more pernicious impact on how we understand and regulate the markets than the “rational market hypothesis” – the theory that “markets know best” and work best if left alone. Justin Fox explains the rise, the rule, and the ruin of this powerful but fundamentally flawed idea in a remarkably engaging way. A delight to read!

By Justin Fox,

Why should I read it?

1 author picked The Myth of the Rational Market as one of their favorite books, and they share why you should read it.

What is this book about?

Chronicling the rise and fall of the efficient market theory and the century-long making of the modern financial industry, Justin Fox's "The Myth of the Rational Market" is as much an intellectual whodunit as a cultural history of the perils and possibilities of risk. The book brings to life the people and ideas that forged modern finance and investing, from the formative days of Wall Street through the Great Depression and into the financial calamity of today. It's a tale that features professors who made and lost fortunes, battled fiercely over ideas, beat the house in blackjack, wrote bestselling books,…


Thinking, Fast and Slow

By Daniel Kahneman,

Book cover of Thinking, Fast and Slow

John Beeson Author Of The Unwritten Rules: The Six Skills You Need to Get Promoted to the Executive Level

From John's 3 favorite reads in 2023.

Who am I?

Author Student of organizations Inveterate international traveler Seeker of the root cause of problems Open to different perspectives

John's 3 favorite reads in 2023

Why did John love this book?

I found this to be both a provocative and extremely useful book. Kahneman describes two very different human modes of thinking and decision-making.

Slow thinking is analytical and more objective, but it takes a lot of mental energy—and humans are essentially lazy animals. Fast thinking, by contrast, is fast, intuitive, and grounded more in experience and emotion.

Based on this dichotomy, Kahneman explores the different kinds of biases we are prone to unless we’re very careful. I found the author’s concepts applicable to a wide range of situations, including investing and business decision-making.

By Daniel Kahneman,

Why should I read it?

37 authors picked Thinking, Fast and Slow as one of their favorite books, and they share why you should read it.

What is this book about?

The phenomenal international bestseller - 2 million copies sold - that will change the way you make decisions

'A lifetime's worth of wisdom' Steven D. Levitt, co-author of Freakonomics
'There have been many good books on human rationality and irrationality, but only one masterpiece. That masterpiece is Thinking, Fast and Slow' Financial Times

Why is there more chance we'll believe something if it's in a bold type face? Why are judges more likely to deny parole before lunch? Why do we assume a good-looking person will be more competent? The answer lies in the two ways we make choices: fast,…


Book cover of How to Not Die Alone: The Surprising Science That Will Help You Find Love

Minda Honey Author Of The Heartbreak Years: A Memoir

From the list on reads to get over your ex.

Who am I?

I was the type of kid who tossed a coin in a fountain and wished that every day could be Valentine’s Day. So, it’s no surprise that my younger years were dominated by dating, love, and heartbreak. I learned enough about the matter to even have my own dating advice column for a few years. Mostly what I’ve learned is how important it is to have compassion for yourself and to know you’re not the only one having a hard time finding your forever love. I hope these book picks bring you some comfort.

Minda's book list on reads to get over your ex

Why did Minda love this book?

I first learned about Logan Ury listening to the podcast This is Dating. While I was waiting on the second season to drop, I learned about Dr. Ury’s book.

I’m not trying to be ageist, but it was refreshing to hear dating advice from a professional that isn’t older and hasn’t been married for decades. Ury’s dating years being more recent meant she gets the landscape modern daters are struggling to find love in. Her perspective was instantly more relevant to me.

There were also several knowledge gems that she dropped throughout her book that I’d already learned the hard way, which gave me more confidence in giving the new-to-me information she presented a shot.

By Logan Ury,

Why should I read it?

1 author picked How to Not Die Alone as one of their favorite books, and they share why you should read it.

What is this book about?

'A definitive guide for a generation navigating the murky waters of modern love' Esther Perel

A funny and practical guide to help you find, build, and keep the relationship of your dreams.

Have you ever looked around and wondered, "Why has everyone found love except me?" You're not the only one. Great relationships don't just appear in our lives - they're the culmination of a series of decisions, including who to date, how to end it with the wrong person, and when to commit to the right one. But our brains often get in the way. We make poor decisions,…


Book cover of The Three Skills of Top Trading: Behavioral Systems Building, Pattern Recognition, and Mental State Management

Rubén Villahermosa Author Of The Wyckoff Methodology in Depth

From the list on stock market price and volume analysis.

Who am I?

I am Rubén Villahermosa, independent trader and author. My logical and rational mind led me to question the why of market movements, which allowed me to learn the principles of the Wyckoff method. I have deepened in the study of the interaction between supply and demand through high-level Technical Analysis tools such as Wyckoff, VSA, Price Action, Volume Profile, and Order Flow; knowledge that I share through my books from principles of honesty, transparency, and responsibility.

Rubén's book list on stock market price and volume analysis

Why did Rubén love this book?

Professor Hank Pruden's book covers a more holistic perspective as he develops elements of system building, pattern recognition, and mental state discipline.

In the technical section he teaches us key concepts of the Wyckoff Method such as the protocolization of the development of accumulation and distribution structures through phases, a fundamental contribution to the Wyckoffian community.

By Hank Pruden,

Why should I read it?

1 author picked The Three Skills of Top Trading as one of their favorite books, and they share why you should read it.

What is this book about?

Praise for The Three Skills of Top Trading "Professor Pruden's new book, The Three Skills of Top Trading, is unquestionably the best book on a specific trading method and the necessary attributes for trading that I have read. His logic, understanding of human foibles, and use of the Wyckoff method of trading are broadly referenced, readable, understandable, and entertaining." - Charles D. Kirkpatrick, II, CMT, coauthor of Technical Analysis: The Complete Resource for Financial Market Technicians, Editor of the Journal of Technical Analysis, and board member of the Market Technicians Association "At long last, someone has taken the time and…


Smarter Faster Better

By Charles Duhigg,

Book cover of Smarter Faster Better: The Transformative Power of Real Productivity

Joe Contrera Author Of Extraordinary Results for Life: Discover Your Path to Be UN-ordinary

From the list on transforming your business and your life!.

Who am I?

For nearly 40 years, I have studied and written about blending the business world and the spiritual side of life together. By spiritual, I mean everything to do with our purpose and why we exist. I refer to this as being ALIVE @ WORK ®. We spend countless hours at work doing a j-o-b, when what we want most is knowing that we are making a difference in our lives and the lives of others. The key is taking 100% responsibility for our lives, knowing we have the power to change them in an instant. You will find this thread woven through all of my books and those I recommend.

Joe's book list on transforming your business and your life!

Why did Joe love this book?

A very well-written book by a reporter from the New York Times (also the author of The Power of Habit). The author's style of writing, which is then blended with stories of people and organizations, kept me glued as if I was reading a news story.

It is one of the best books written on productivity I have ever read! There is such a broad range of people and stories, but all wrapped up into eight key concepts about focus and productivity. This book can help you understand why some folks (organizations) are so much more productive than others.

By Charles Duhigg,

Why should I read it?

4 authors picked Smarter Faster Better as one of their favorite books, and they share why you should read it.

What is this book about?

In his international bestseller The Power of Habit, Pulitzer Prize-winner Charles Duhigg explained why we do what we do. Now he applies the same relentless curiosity and masterful analysis to the question: how can each of us achieve more?

Drawing on the very latest findings in neuroscience, psychology and behavioural economics, he demonstrates the eight simple principles that govern productivity. He demonstrates how the most dynamic and effective people - from CEOs to film-makers to software entrepreneurs - deploy them. And he shows how you can, too.

'Charles has some wonderful advice for increasing productivity . . . the tips…