Great video on how our minds work in problem solving and our work. Our favorite quotes:
Driven by Dopamine – the D2 receptors are also related to mate selection and monogamy.
Increased Positivity with Aging
Summary link Investors systematically deviate from rationality when making financial decisions, yet the mechanisms responsible for these deviations have not been identified. Using event-related fMRI, we examined whether anticipatory neural activity would predict optimal and suboptimal choices in a financial decision-making task. We characterized two types of deviations from the optimal investment strategy of a […]
This is not a major difference but suggests a growing area of concern since wealth management professionals may be at legal risk because of this kind of behavior which occurs with normal again. It is also more likely in men and with men and women under stress. Like now. ScienceDaily (Feb. 10, 2010) – In […]
We just found this article on behavioral economics and financial decisions from Australia. It is long and complicated but lays out the significant challenges from the investor side of the equation. Remember, that all advisors bring the same cognitive challenges and tendencies to their work. We propose that financial services offerings, products and fee […]