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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