Thaler debunked the myth of the rational investor, showing how biases like overconfidence, loss aversion, and herd behavior lead to irrational investment decisions. This challenges the idea that markets are always rational and efficient.
“The rational investor is a myth; human biases often drive financial markets.”
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Richard Thaler’s *Misbehaving* reveals how human quirks and irrational behaviors challenge traditional economics, paving the way for behavioral economics.
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