Episode notes
Episode Summary:
In this episode of "Financial Advisors Say The Darndest Things," host AB Ridgeway delves into the impact of cognitive biases on financial decision-making, particularly for Christians navigating personal finances and investments. He highlights how these biases, such as conservatism bias and confirmation bias, can lead to detrimental outcomes when managing money. Through insightful commentary and practical examples, AB emphasizes the importance of recognizing and addressing these biases to make informed and strategic financial choices aligned with Christian principles.
Key Takeaways:
- Impact of Cognitive Biases: AB explores how cognitive biases, including conservatism bias and confirmation bias, can influence financial decision-making, leading individuals to o ...
Keywords
3 cognitive biases in behavioral financethe behavioral bias of individualscognitive vs emotional biascognitive biases in investment making decisionsheuristic biases in behavioral finance and investingmental barriers in investing and how to overcome themhow does cognitive bias affect our investment decisions