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Do you think your projections are correct? The odds of hitting your own projections are not always in your favor. This is effect of overconfidence.

First of all, you have to consider that overconfidence does have an effect on your decisions. Here are some examples of how overconfidence relates to business.

Most people think they know more than they really do. Everyone trusts their own beliefs and makes decisions quickly based on this. It is not a perception only ours or yours. Psychology has been [...]

People are capable of making important decisions about ideas that lack logic, which we do not recognize. This is more common than you can imagine.

Our answer is not exactly the psychological anchors to which we are subjected, but it varies a bit. This is a product of the anchor adjustments.

In ambiguous situations, our decisions will be affected by whatever psychological anchor available. If we have to make a numerical estimate, we will tend to use the first number that comes to mind.

On this time, we will address a key issue within Behavioral Finance, which are psychological anchors. Anchors direct our attention and affect our decisions and choices

This correlation between inflation and market performance, or between inflation and the nation's economic and social health, is incorrect. It's product of money Illusion.

Among all the economic and financial indicators that exist, most people pay special attention to two of them: inflation and the stock market index. This time we will deal with inflation and the [...]