behavioral finance
Beware the nudge: Many people do not realize this, but we often are swayed in our decision-making processes by our emotions, the methods by which products or services are marketed to us, and the context of our current situation or surroundings. Nudges strategically and effectively make use of biases and mental shortcuts to influence behaviour and decisions while preserving freedom of choice.
Using mindfulness to overcome biases and resolve conflicts can create new opportunities.
A deeper understanding of the tensions that have driven ongoing clashes will be essential for investment professionals looking to adapt their approach to the global economy.
Dan Ariely set out to remind the 300 investment professionals at this year’s European Investment Conference of two simple facts:
Being a good forecaster isn't just about getting things right. It requires the ability to admit when you've gotten things wrong.
Professor Dan Ariely believes the financial profession has an opportunity to reinvent itself, addressing cognitive biases in a way that can be beneficial for advisers and their clients.
Clients and their advisers see investment managers at their best during new business presentations. Data can be carefully selected for a pitch or for a brochure promoting a fund. And, usually, investors have a preference for the style they… READ MORE ›