Loss Aversion, Receny Bias, & Sunk Cost Fallacy
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Loss Aversion, Receny Bias, & Sunk Cost Fallacy
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About this listen
In this episode of In The Final Analysis, financial advisor Jim Yockey explains some of the more common cognitive biases people can bring to their financial decision-making that could cause them to miss out on constructive opportunities. This includes the loss aversion and recency biases, the sunk cost fallacy, and the general money emotion of regret.
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Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Cambridge Investment Research, Inc., a registered Broker/Dealer, Member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Wisdom Financial Management LLC are not affiliated.