Understanding Behavioral Bias
Are you a better-than-average driver? Chances are, you answered yes. That’s because nearly three-quarters of people think they are better-than-average drivers. Besides being mathematically impossible, this statistic is an example overconfidence—and is just one illustration of how certain biases can influence our thought patterns. In this video we’ll take a look at three of the most common behavioral biases that can impair our investment decisions.
