Blog categorized as Behavioral Finance

How To Be Positively Skeptical, Part 1: The Benefits of Having a Doubt

12/28/2020 09:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

How To Be Positively Skeptical, Part 1: The Benefits of Having a Doubt

In this multipart series, we explore how to strengthen fact-checking skills. This is the first in the four-part series.

The ABCs of Behavioral Biases: Conclusion

12/23/2020 09:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

The ABCs of Behavioral Biases: Conclusion

We’ll wrap our series, the ABCs of Behavioral Biases, by repeating our initial premise: Your own behavioral biases are often the greatest threat to your financial well-being.

The ABCs of Behavioral Biases: S-Z

12/22/2020 09:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

The ABCs of Behavioral Biases: S-Z

We’re coming in for a landing on our alphabetic run-down of behavioral biases. Today, we’ll present the final line-up: sunk cost fallacy and tracking error regret.

The ABCs of Behavioral Biases: P-R

12/21/2020 09:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

The ABCs of Behavioral Biases: P-R

So many financial behavioral biases, so little time! Today, let’s take a few minutes to cover our next couple biases: pattern recognition and recency.

The ABCs of Behavioral Biases: L-O

12/18/2020 09:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

The ABCs of Behavioral Biases: L-O

There are so many investment-impacting behavioral biases, we could probably identify at least one for nearly every letter in the alphabet. Today, we’ll continue with the most significant ones by looking at: loss aversion, mental accounting, outcome bias, and overconfidence.

The ABCs of Behavioral Biases: F-K

12/17/2020 09:00 AM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

The ABCs of Behavioral Biases: F-K

Let’s continue our alphabetic tour of common behavioral biases that distract otherwise rational investors from making best choices about their wealth. Today, we’ll tackle: familiarity bias, fear, framing, and greed, herd mentality, and hindsight.

The ABCs of Behavioral Biases: A-E

12/16/2020 05:00 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

The ABCs of Behavioral Biases: A-E

Welcome back to our “ABCs of Behavioral Biases.” Today, we’ll get started by introducing you to four self-inflicted biases that knock a number of investors off-course: anchoring, blind spot, and confirmation.

The ABCs of Behavioral Biases: Introduction

12/15/2020 05:00 PM By Mike Halper, CFP®, MPAS®, SE-AWMA®, CDAA, CBDA - Comment(s)

The ABCs of Behavioral Biases: Introduction

Your own behavioral biases are often the greatest threat to your financial well-being. As investors, we leap before we look. We stay when we should go. We cringe at the very risks that are expected to generate our greatest rewards.

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