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.
In the current environment, many financial professionals will need to manage their own stress along with their stressed-out clients.
Decision strategist and author Annie Duke recognizes that most of our decisions are made with incomplete information, which means we sometimes have to deal with being wrong.
Best-selling author and behavioral science expert Daniel H. Pink recommends making the most of chronotypes and the preference finishing strong to wind up with a better experience.
Investment adviser and former CFA Society Louisiana president Blair duQuesnay, CFA, warns that wealth managers who aren't connecting with the clients of the future are already behind the curve.
Annie Duke, Josh Brown, and Clare Flynn Levy say that investment managers who want to remain relevant must adapt to disruption.
Nobel laureate Daniel Kahneman has four simple strategies for better decision making that can be applied to both finance and life.
Using mindfulness to overcome biases and resolve conflicts can create new opportunities.
How do you locate the ideas today that the investment community will be discussing tomorrow?
Richard H. Thaler reviewed many of our behavioral frailties during his lively and engaging presentation at the 70th CFA Institute Annual Conference in Philadelphia. The key takeaway: If only we could learn.