How Loss Aversion Can Cause You to Make Investing Mistakes

Goldstein on Gelt

English - March 15, 2017 12:26 - 16 minutes - 15.1 MB - ★★★★★ - 30 ratings
Investing Business Education Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Can Financial Forecasting Predict the Best Investments?

Next Episode: Thinking like a Nobel Prize Winner Can Improve Your Family Finances

What is “loss aversion,” and why does it cause investors to make mistakes? Professor Daniel Kahneman, winner of the Nobel Prize for Economic Sciences in 2002, is well known for his work on the psychology of judgment and decision-making. Find out what loss aversion is, why overconfidence can be bad for investors, and how to avoid making financial mistakes.