Bonus: The Rundown - Behavioral Finance

Retirement Education Hour

English - July 15, 2024 13:00 - 20 minutes - 18.5 MB - ★★★★★ - 10 ratings
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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