Your Mind and Your Money: Perception v. Reality
- Behavioral Finance Basics
- Following the Crowd
- Dealing with Risk
- Perception v. Reality
- Your Money Personality
NBR LINKS:
Cognitive Biases Series (PDF)
This series of articles authored by Meir Statman for the Investment Management Consultants Association focuses on six biases that impact investment decisions. Reprinted with permission.
Nudge Book Excerpt
Understand your biases to get a push towards making better decisions. Read this excerpt from Nudge to learn more.
EXTERNAL LINKS:
Perception and Psychology
Read this excerpt to learn the underlying psychology principles of perception and pattern-seeking.
*External links and articles take you off the NBR website on PBS.org. NBR has no affiliation with these sites.
In PERCEPTION v. REALITY, you'll find video reports, articles, and resources focused on how perception influences decision making. As an investor, you may perceive opportunities where none exist. If you understand why, you can better manage your money.
NBR's "Your Mind and Your Money" series aims to help people understand the psychological and emotional biases that influence their investment decisions.
Report: Seeing Patterns Where None Exist
January 11, 2010
Can investors mislead themselves by trying to make sense of random events?
