Bonus: The Rundown - Behavioral Finance
Jul 15, 2024•20 min
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Episode description
In addition to creating the Retirement Education Hour podcast, instructors from the Retirement Education Foundation also produce The Rundown, a educational video series featuring timely information for making informed decisions in and approaching retirement.
In this clip, Kirk and Michael describe behavioral finance, which is a study of economics. They explain four types of biases that consumers face when thinking about their finances:
- Overconfidence Bias
- Hindsight Bias
- Confirmation Bias
- Herd Behavior
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