Behavioral Economics is the study of the effects of psychological, cognitive, emotional, cultural, and social factors on the decisions of individuals and institutions and how those decisions vary from those implied by classical economic theory.
Behaving "well" as an investor is important; the less emotion, the better. Having a trusted financial advisor at One Day In July will help you stay on an objective, well-reasoned course when considering your investment plan.
Should I Try to Time the Stock Market?
There are two central problems with trying to forecast stock market movements: Investors don't know tomorrow's news, and investors don't know how the market is going to react to tomorrow's news.
Helping you Fight Through Financial Sludge
Financial Sludge: Insurance and financial companies deliberately making the process of transferring outbound funds as time consuming and uncomfortable as possible.
Behavioral Biases in investing
Loss aversion demonstrated that for most people, the negative feelings generated from incurring a loss outweigh the positive feelings generated from realizing an equal-sized gain.
Rally Racing, Potholes, and Investing
While almost anyone can get into a car and drive, not everyone can do it well. The same principles apply to investing.
Psychology of the Financial Industry
Sunk cost refers to an unrecoverable expenditure. The expenditure is most often time, money, effort, or emotion.
Avoiding Action Bias Investment Mistakes Through Patience
We would like to believe that economic decision making is based solely on rational thinking. However, it has been found that up to 70% of economic decision making is emotional and only 30% is rational.1
Maximizing the Emotional Economy: Behavioral Economics, Gallup, Gallup.com
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Bennington, VT Financial Advisor
Available for meetings in Bennington, VT and surrounding areas.