The value of understanding behavioural finance
Behavioural finance can give us insight into how financial decisions are influenced by emotion around things like investments, payments, risk, and personal debt.
Understanding how people can deviate from rational expectations can help us make better and more rational decisions.
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Learn more about moneyandinvestments with this collection
How to make rational decisions
The role of biases in decision-making
The impact of social norms on decision-making
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Key Takeaways
- Money is not just a tool for buying things, it also shapes our emotions & attitudes in ways that can be both positive and negative.
- The way we think about money is often irrational & influenced by emotions, which can lead to poor financial decisions.
- The role of luck in finan...
What Is Metacognition
Metacognition is a fancy word for what we all know and do hundreds of times each day. Ever tried to focus your attention? Attempted to regulate an emotion? Felt distracted and made the decision to put away your phone? Each is an example of recognizing a mental state and trying to control ...
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