I'll write another post to describe my own view of finance mental model latter, this post is just for the review of the book.
In a word, this book is useful to introduce the new concepts of "complex system", "behavioral finance" and etc if you never heard of such ideas; and it's major proposal of multi-discipline mental model is the right approach over the traditional financial specialist way I suppose.
However, the author is not good at structuring the contents involved in a systematical way and I even doubt that whether the author did really comprehend these contents he was explaining after I read the book in details; he just lists the intersect points between the finance and other disciplines, while he never integrates these new ideas into a whole logic by revealing their relationship.
In fact, the outline of this book can be very clear. These are 2 aspects of new ideas for financial thinking:
- Treat the financial market not only equilibrium explained by traditional theory but also complex system with analysis on the individual behavior, the group behavior and the evolution.
- Multi-discipline mental model. The philosophy can make us reflect and improve our meta thoughts; the psychology can help us analysis the individual behavior within the complex system and the decision making process of ourselves; the physics can give us clue to study the equilibrium and the system behavior; and the biology can give inspire us in studying the process of the evolution.
The second weak point lies in the book is the content about philosophy and literature. These introductions didn't present the best alternatives when directing audiences into these fields. My suggestion is to skip these chapters to save time and read another good introduction book in these areas.
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