Understanding Behavioral Finance for Better Investment Decisions
Behavioral finance explores the psychological factors behind financial decisions, revealing that investors are not always rational. Despite what traditional economic theory may suggest, emotions and mental shortcuts (known as cognitive biases or heuristics) heavily influence how we invest. Understanding these biases can help you make smarter, more informed investment decisions. Let’s explore some of the most common behavioral traps and how to avoid them: Behavioral Finance: 5 Common Investment Biases and How to Overcome Them ….[READ]
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