Effective financial decision making relies on a proper assessment of the truthfulness of facts. Yet, most people, even professionals, are terrible at spotting lies. Why?
Emotions can influence financial decisions in surprisingly predictable ways. We tend to be overconfident in our own knowledge and decisions, we extrapolate recent trends while dismissing the past, we refuse to accept losses gracefully by hanging on to our… READ MORE ›
A few weeks ago, Daniel Kahneman, the Nobel prize-winning psychologist and pioneer of behavioral economics, wrote a fascinating article in The New York Times Magazine that examines the illusion of skill as it… READ MORE ›
Do your investment decisions involve emotions?
You may be inclined to think not, but according to Professor David Tuckett, a psychoanalyst at University College London, emotions are part and parcel of investment decisions.
A researcher in emotional finance,… READ MORE ›
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