These same psychological biases are part of the reason for the boom - bust cycles in the stock market and why the average investor get hurts repeatedly. (ammdividendletter.com)
By understanding and learning from these tendencies, we better equip ourselves to avoid psychological biases when investing. (barelkarsan.com)
However, I don't think that many people are aware of just how much psychological bias goes in to a given discussion. (n4g.com)