Behavioral Economics
Episode description
Discover how you can make wise economic decisions as we talk about how market volatility affects your retirement plan, loss aversion, and ways to overcome it in today’s episode about behavioral economics. So tune in and don’t let fear decide your financial decisions right now.
Key takeaways to listen for
- 00:56 Loss aversion: What it is, why it happens, and its influence on investments
- 03:49 Strategies to mitigate loss aversion bias
- 06:17 Why it’s essential to learn about behavioral economics in today’s market
Resources mentioned in this episode
07:32 Thinking, Fast and Slow by Daniel Kahneman
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