It’s human nature for all of us to get influenced by some type of bias in our lives. Our finances are not excluded from this either and bias can play a big role in decision-making if you aren’t cognizant of this.
In this episode, Tad and Toni will explain the different cognitive biases that investors get swayed by. This can happen in a variety of ways, but there are a few that we see most often and we want to make sure you are aware this might be happening to you as well.
Here’s some of what you’ll learn in this episode:
· The Dunning Kruger Effect - the less you know, the more confident you are and vice-versa. (0:37)
· Many of us fall into the trap of confirmation bias. (3:44)
· The most common mistakes that we see when it comes to cognitive bias. (6:58)
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
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https://www.askfreedomfinancial.com/in-the-media/#radio
