Why the Budget Won’t Shake Your Wealth: Stay Calm and Invest On!
As the budget season arrives, many people start to worry about its impact on their…
Posted inBehaviour Finance Bias Financial Biases
Breaking Free from Status Quo Bias: Unlock Your Financial Growth Potential
In the world of personal finance, one of the most common behavioral biases is Status…
Endowment Bias: The Hidden Cost of Overvaluing What You Own
DefinitionEndowment bias is a psychological tendency to place a higher value on something simply because…
Availability Heuristic: Recognizing the Impact of Recent Events on Financial Decisions
DefinitionThe availability heuristic is a cognitive bias where people overestimate the likelihood of events based…
Framing Effects: Make Better Financial Decisions
DefinitionFraming effects occur when decisions are influenced by how information is presented rather than the…
Herd Behavior: Avoiding the Crowd Mentality in Financial Decisions
What is Herd Behavior?Herd behavior occurs when individuals follow the majority, often disregarding their own…
Overconfidence Bias: The Hidden Trap in Your Financial Journey
Overconfidence bias is a common cognitive trap where we overestimate our abilities, knowledge, and control…
Anchoring Bias: Letting Go of the Past to Secure Your Financial Future
What is Anchoring Bias?Anchoring bias occurs when individuals rely too heavily on the first piece…
Understanding Loss Aversion: How to Navigate Risk and Build Wealth Confidently
When it comes to financial decisions, emotions often play a significant role. One of the…
10 Behavioural Finance Biases to be Aware Of
Here are 10 behavioral finance biases relevant to the 35-60 age group, along with why…