Are Investors Rational?

Are Investors Rational?

Are Investors Rational?

Synopsis:

  • Behavioral economics combines psychology, economics, and finance to offer an explanation for why investors make irrational financial decisions.
  • The Godfather of behavioral economics is Richard Thaler, and he won the Nobel Prize in economics this week.
  • Investors can benefit from behavioral economics by learning to avoid psychological traps and recognizing when others are caught in them.

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