Herd Mentality in Finance: Risks & Rewards
Herd mentality is an individual’s natural inclination to follow a larger group’s actions, thoughts, or
Beat Cognitive Dissonance Whilst Building Your Personal Wealth
Cognitive dissonance is the discomfort we feel when we simultaneously hold two or more contradictory
Beat Outcome Bias for Smarter Financial Choices
One key concept to understand is outcome bias, a psychological tendency to judge decisions based on
Unlocking Representativeness Heuristic in Finance
The representativeness heuristic is a mental shortcut that leads us to overestimate the likelihood of
Overcoming Illusion of Control in Finance
As you begin your journey to financial freedom, it’s important first to understand some of the psychological
Overcoming Choice Supportive Bias in Finance
Have you ever felt so convinced that a past financial decision was the absolute best? That’s choice
Just World Hypothesis And The Truth Behind Self-Made Millionaires
The just world hypothesis is a pervasive belief that the world is fundamentally fair, and people get
How to Avoid Recency Bias in Investment Decisions
Recency bias is a cognitive bias that causes individuals to give more weight to recent events, sometimes
Fight Overconfidence Bias for Financial Success
One of the most critical aspects of building wealth is understanding how our minds work, which can help