When making financial decisions, it's clear that our choices are more emotionally driven than we might expect. Hidden beneath our choices are strong mental biases that influence how we think and act. By examining three of these biases—confirmation bias, loss aversion, and mental accounting—we can see how our financial behaviors mirror wider patterns common across different cultures and economic systems.
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Able Wealth Management's blog on personal finance, financial planning, investing, taxes, and the behaviors and decisions that influence our actions.
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With the current economy's ups and downs, families are carefully evaluating the affordability and value of investing in higher education.
Many investors are lured by the idea of taking “big bets” in a single stock to hit it big. However, this approach can be risky and often ignores potential losses. It is crucial to remain vigilant and know when to sell to avoid falling into drastic situations.
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