ls99
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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- May 2, 2008
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An interview with Harold Evensky, whose client's original training was as a psychologist , wherein he explains how most mortals arrive at financial decisions.
" Kahneman, a psychologist by training, walks readers through the mental cues that help us make up our minds. When it comes to financial decisions, we can often be tricked (or trick ourselves) into believing that we are making the right choice with our money because we often base those decisions on rosy projections, past performance, linked events or even mushy things like emotion and sentiment. But that rarely leads to smart decisions or financial gains when it comes to investments."
BBC - Capital - Can psychology explain our dumb financial decisions?
" Kahneman, a psychologist by training, walks readers through the mental cues that help us make up our minds. When it comes to financial decisions, we can often be tricked (or trick ourselves) into believing that we are making the right choice with our money because we often base those decisions on rosy projections, past performance, linked events or even mushy things like emotion and sentiment. But that rarely leads to smart decisions or financial gains when it comes to investments."
BBC - Capital - Can psychology explain our dumb financial decisions?