1)Identifying and describing (3-4) psychological biases that may influence a person's financial decision-making, including insights as to why you may be susceptible to these biases?

 

2) Outline potential strategies and approaches to decision making which may mitigate the negative impact of these biases when making financial decisions.

Answer rating: 100% (QA)

1 Psychological Biases Influencing Financial DecisionMaking a Loss Aversion Bias Loss aversion bias refers to the tendency for individuals to strongly prefer avoiding losses over acquiring gains of eq... View the full answer