Loss Aversion, Receny Bias, & Sunk Cost Fallacy
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Loss Aversion, Receny Bias, & Sunk Cost Fallacy
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In this episode of In The Final Analysis, financial advisor Jim Yockey explains some of the more common cognitive biases people can bring to their financial decision-making that could cause them to miss out on constructive opportunities. This includes the loss aversion and recency biases, the sunk cost fallacy, and the general money emotion of regret.
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