Fight ‘halo effect’ and other biases
The halo effect - a belief that people who are good at one thing excel at everything - is just one example of the behavioural biases humans must manage and overcome to be good investors.
The halo effect - a belief that people who are good at one thing excel at everything - is just one example of the behavioural biases humans must manage and overcome to be good investors.
Choices people make when they enter defined-contribution schemes tend not to change, even after fraud allegations, a paper from behavioural economist Richard Thaler and other academics states.
Nobel Prize winner and Sterling Professor of Economics at Yale University Robert Shiller addressed the Fiduciary Investors Symposium recently. This is an excerpt of his speech.
Opinion