Decision making is an inherently flawed process. Oftentimes we think we are making a rational decision based on experience, but it is often based on fundamentally incorrect logic caused by cognitive bias.
In partnership with Guggenheim, we hosted the 7 Steps to Better Decision Making Through Behavioral Finance virtual event on May 17th, 2023 for our clients. Annmarie Woods, the Regional Vice-President of Guggenheim Investments, walked us through some key lessons of behavioral finance that can lead to better decision making:
- How cognitive bias is the enemy of all decision making
- How to put behavioral finance theory into practice
- How to plan to avoid cognitive bias
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This material contains opinions of the author, but not necessarily those of Guggenheim Partners, LLC or its subsidiaries. The opinions contained herein are subject to change without notice. Forward looking statements, estimates, and certain information contained herein are based upon proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable, but are not assured as to accuracy. Past performance is not indicative of future results. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information. No part of this material may be reproduced or referred to in any form, without express written permission of Guggenheim Partners, LLC.
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