Timing an increase in your retirement contributions with a salary increase is a shrewd move that leverages behavioral ...
This phenomenon reflects loss aversion, and Spencer mentions that this investing bias is normal. "Loss aversion is natural and affects everyone. People seek pleasure and want to avoid pain," he says.
"It's a bias that we call 'complexity aversion,'" he says. "And it's the biggest barrier to building wealth for people who are not in markets or who have never invested before." Here's how this ...
explores the influence of optimism bias on decision-making in cyber risk management, and introduces a novel model that ...