Question: Explain why behavioral finance is important in financial decision making. What is anchoring bias? Discuss how anchoring bias affects financial decision and how can this

Explain why behavioral finance is important in financial decision making.

What is anchoring bias? Discuss how anchoring bias affects financial decision and how can this anchoring bias be overcome.

Explain thoroughly the commonly recognized behavioral biases, discuss their implications in financial decision making and problem solving?

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Behavioral finance is a field of study that combines finance and psychology to explain the irrational behavior of investors and the resulting effects ... View full answer

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