anchoring
Anchoring bias in the context of investment often happens when investors place too much importance on the initial information they received, creating a psychological benchmark or reference on which all future decisions are made. Anchoring happens to us all the
Hindsight bias makes past events appear more predictable than they were at the time, which can lead investors to believe that the future events are more predictable than they actually are, thereby leading them into the cover-confidence trap. Hindsight is
Reactive devaluation is the tendency of an investor to bestow greater value on a proposal or recommendation that emanates from someone that he likes. Where the same proposal comes from someone he does not like, the investor will place less
