Endowment Bias
Have you ever held onto an investment that lost value in the hope of a future recovery?
Have you ever held onto an investment that lost value in the hope of a future recovery?
There are many account types to save your hard-earned cash! The type of account where you stockpile cash is very significant.
When planning an awesome vacation, do you use a professional guide to enhance your holiday and your experience?
When you achieve something awesome - finishing a marathon, getting a promotion, or finishing grad school, it feels great doesn’t it?
Let’s say that you had an extra 10 G’s lying around. Would you use the $10,000 to buy more shares in your employer?
The minute you actually go and try something new and open-minded, a lot of alarm bells go off.
Deciding on company ownership is incredibly important for your future and it can be overwhelming.
If you are waiting for your company owned shares to increase back to their higher prices, you are exhibiting price anchoring.
Hotdogging - ski tricks and jumps - seems pretty risky. It’s not the leap that’s dangerous, it’s the landing. No one gets hurt in the air.
Have you ever tried one of those get rich quick ideas? Although your hopes were high in the beginning, in the end, you probably learned that it was a scheme. Why does this happen?