Discover how regret theory affects choices. It predicts decision-making by evaluating the anticipation of regret, impacting ...

Discover how emotional and cognitive biases affect investment decisions and learn strategies to identify and overcome these common pitfalls to optimize your portfolio.

Key points If someone made perfectly accurate judgments and sound decisions, would we recognize it? The science and philosophy of judgment and decision-making suggests that the answer is often “no.” ...

Cognitive biases can have a negative impact on an investor’s ability to make rational decisions, potentially derailing their investment goals. These mental shortcuts and distortions that we make ...

In many everyday situations, decision-making comes with feedback on the consequences of one's choices, linked to their ...

In a previous post, we considered three of seven "irrational" habits of highly rational people. Here we consider the remaining four, as well as some suggestions for distinguishing the genuinely ...