Behavioral economist Dan Ariely talks about self control and the difference between our long term goals and our short term actions. Dan Ariely is an renowned professor of psychology and behavioral economics. He teaches at […]
Deviating from an absolute belief in the principle of rationality, Professor Shiller elaborates on human failings and foibles. Acknowledging impulses to exploit these weaknesses, he emphasizes the role of factors that keep these impulses in […]
Losses upset Investors more than gains un-upset them.
A self-serving bias is any cognitive or perceptual process that is distorted by the need to maintain and enhance self esteem. When individuals reject the validity of negative feedback, focus on their strengths and achievements […]
Examination of “myopic loss aversion” and how it impacts investors.
The trouble, says Nobel Laureate psychologist Daniel Kahneman, is that we’re often confident in our intuitive judgments even when we have no idea what we’re doing.
Behavioral ethics investigates why people make the ethical (and unethical) decisions that they do in order to gain insights into how people can improve their ethical decision-making and behavior.