The idea of loss aversion—that, to an irrational degree, individuals avoid losses more than they pursue gains—has been influential in the field of behavioral finance. It has been imputed to drive ...
Loss aversion is a bias to feel the pain of losses more strongly than the pleasure of gains - and this can impact how you invest for your retirement. Nobel Prize-winning economist Daniel Kahneman’s ...
The human mind is prone to a range of cognitive biases that can distort decision-making and lead to investment outcomes that fall short of expectations. When investing, the human mind is both an asset ...