Modules for Investors
Investment Biases - Part 2
Few More Investment biases
3. Frog in boiling water: nothing's changing, but everything has changed!
4. What is Sunk cost fallacy? Why is it important?
Follow your endevour
5. Recovery Bias: Why is it important?
6. Survivorship bias: The Logical Error
Avoiding my losses
7. The Psychology of Social Proof Bias: what will others think
8. Hindsight bias: should have done that!
The opmistic thinking!
9. Overconfidence bias: I must be correct!
10. Influence Bias : Overcome Poor Decision making
Influence and Overconfidence bias
Glossary of Investment Analysis Terms & Definitions
Translate the power of knowledge into action. Open Free* Demat Account
Modules for Investors
Investment Biases - Part 2
- 1. An Insider's Guide to Access Bias
- 2. Relativity bias: this is better because that is worse
-
Few More Investment biases
- 3. Frog in boiling water: nothing's changing, but everything has changed!
- 4. What is Sunk cost fallacy? Why is it important?
-
Follow your endevour
- 5. Recovery Bias: Why is it important?
- 6. Survivorship bias: The Logical Error
-
Avoiding my losses
- 7. The Psychology of Social Proof Bias: what will others think
- 8. Hindsight bias: should have done that!
-
The opmistic thinking!
- 9. Overconfidence bias: I must be correct!
- 10. Influence Bias : Overcome Poor Decision making
-
Influence and Overconfidence bias
- Glossary of Investment Analysis Terms & Definitions
Translate the power of knowledge into action. Open Free* Demat Account
Influence and Overconfidence bias
01:11 Mins Read
Smart ways to invest, without being prejudiced.
Transcript
It is impossible for most people to be impartial in making investment decisions. Although investors can reduce bias based on understanding and identification, they can then create trading and investment rules that help reduce bias. Understanding where the markets are going then on is one among the foremost important skills in finance and investing. It’s fascinating to ascertain how common it's to listen to fund managers state something like, “I know everyone thinks they’re above average, but i actually am.” Influence bias is a cognitive process which is natural to everyone. The danger of an overconfidence bias is that it makes one susceptible to making mistakes in investing. Overconfidence tends to form us but appropriately cautious in our investment decisions. Many of those mistakes stem from an illusion of data and/or an illusion of control. It is mandatory to overcome biases in order to invest smartly. If this all sounds daunting to you, Don't worry we are here to help! To know more and learn about it -- Read about investment on Smart Money by Angel Broking.
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