-
Financial Frameworks Podcast 34: Trusting Your Judgement and Avoiding Overconfidence
- 2023/12/23
- 再生時間: 18 分
- ポッドキャスト
-
サマリー
あらすじ・解説
"How do I know that I am making the right decision?" Financial Frameworks continues its highlights of Dr. Lehan's most difficult tasks by presenting research and suggestions on how to answer that question when making an investment. This podcst focuses on behavioral finance research that has shed light on how a person learns to trust their judgement and avoid overconfidence when information is conflicting, or absent, or, as is often the case, just plain confusing. Financial Frameworks' purpose is to help investors create frameworks that are durable, thorough and solid. This podcast describes common errors in decision-making processes and outlines PROSPECT THEORY research done by Daniel Kahneman and Amos Tversky that illuminates how our brain makes connections that aren't really there and how to avoid making those mistakes. What occurs when we are making decisions about money is not complicated, but is a process that most of us are unaware of - if we didn't know what to look for. Financial Frameworks job is to make the connections from the abstract, conceptual level to the point of action. This podcast does that - or at least begins to - regarding why and how to trust our judgements when investing.