Are Investors Rational?
- 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.
The information contained in this presentation does not purport to be a complete description and is intended for informational purposes only. Any opinions are those of the content creator and not necessarily those of the named advisor(s), JWC or JWCA. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.