What are heuristics? They are a behavioral finance bias that leads us to make bad investing decisions. Heuristics are little brain shortcuts that help us to make a lot of decisions quickly...whether they’re correct or not!
In this video you’ll learn how this cognitive bias can trick us into making bad investing decisions and how to use finance psychology to get back on track again.
Finance psychology expert Graeme Newell explains how our very flawed human brain tends to slip up when we make big finance and life decisions.
Most of our decision-making is done in our subconscious brain. When we make a choice, what happens is that our subconscious brain feels something and then our conscious brain affirms what we already believe.
Overcoming cognitive bias in decision making is not hard. It’s simply a matter of learning to recognize the signs that a cognitive bias might be likely, then stopping the pattern.
Behavior biases in finance show up all the time. Behavioral science shows us the way forward and gives us smart tactics for making optimal decisions. The key is to learn tactics from finance psychology and behavioral finance concepts that we can put into action throughout the course of our day.
Graeme Newell is a researcher in behavioral investing, behavioral economics and finance psychology. He is a professional economics speaker, a personal finance speaker and an expert in behavioral investing.
In this video you’ll learn all about how cognitive bias can trick us into making foolish choices. You’ll learn specific ways to recognize the signs that a bad decision is likely, then how to quickly get back on track.
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About Graeme’s Channel:
I’m a researcher, speaker and author who specializes in behavioral finance. I take perverse pleasure in putting people inside of brain scanners, then asking them to make important money decisions.
My videos reveal the vulnerable situations when business leaders and everyday people are most likely to make crazy-bad, impulsive money decisions. I teach how to use brain science insights to make smarter decisions that grow businesses and increase wealth.
Learn more about how brain science insights can help you make smarter decisions:
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