confirmation bias
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
According to a recent World Bank study, poor people are more likely to make bad financial decisions because they are compromised by what is referred to as ‘financial fatigue’. Their constant, day-to-day financial struggles impact on their psychological resources and
