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.
July 9, 2021
Behavioral economics combines psychology and microeconomics to explore how individual consumers and producers make their decisions.
By Financial Advisor Katie Bensel | July 1, 2021
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
By Financial Advisor Hans Smith | August 17, 2020
Transitioning from the workforce to retirement can be a financially stressful time. Prior to this transition, it's a good time to take a close look at your investment risk, and obtain a solid understanding of your personal cash flows.
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