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There is a ‘Behavioral’ component to how we are losing money these days, and we are losing it without realizing it. These behavioral components of our own financial lives are known as ‘Behavioral Finance’. Let’s take a look at some of the behavioral mistakes that might keep you impoverished in this fast-changing world. Reluctant to …
As history has shown, we are all smart human beings who try to increase our wealth sensibly. However, when it comes to financial markets, it is widely acknowledged that emotions and psychology often impact our actions, prompting us to react in unusual and unreasonable ways. Behavioural finance is an exciting area of finance that blends …
In the rapidly changing field of finance, where emotions sometimes outweigh rationality, base rate investment provides a fresh viewpoint. This method, based on the notion of the ‘base rate fallacy’, enables investors to make judgments based on broad knowledge, minimizing the potential risks of responding to particular short-term influencing information. Let us first try to …