confirmation bias
We all have biases and blind spots, and it helps to listen to people who see things differently.
The phrase “fake news” is a reality. It references a phenomenon that goes to the heart of how we define “news.” Susan Hoover dives down the fake news rabbit hole in this week's edition of Weekend Reads.
While behavioral finance identifies and describes cognitive errors, it provides few remedies. But, meditation may provide the answer.
Probably no other phenomenon presents a greater challenge to the model of Homo economicus — and better examples of the complicated relationship we humans have with money — than this: Last year, the American public spent about $69 billion of their hard-earned money on lottery tickets, even though each individual's chance of winning is infinitesimal.