The concept of behavioral finance helps us recognize our natural biases that lead us to making illogical and
often irrational decisions when it comes to investments and finances.
Not exact matches
In Predictably
Irrational, Dan Ariely explains how the mind works and why we are
often prone to
irrational decision - making.
«Cognitive science tells us that humans
often make subconscious, emotional, and sometimes
irrational decisions in one place in the brain, and then justify those
decisions rationally and logically in another place.»
A major reason why teenagers
often respond to those influences with
irrational decisions is the presence of a brain chemical known as dopamine.
The value of using an advisor also extends to having a detached point of view when
decisions are being contemplated out of emotion and not logic (human beings being
often irrational and emotion - driven).
They're not evil or malicious — these issues are more
often than not a business
decision, as hard as that is to swallow and as
irrational / uncompassionate as they seem, as the publishers are held to account by their investors.
Unlike proper civil litigation, domestic relations cases
often involve uncontrollably
irrational and volatile clients, many of whom are so consumed with feelings of anger and rejection that they frequently are seen as being incapable of making the sound business
decisions which a negotiated settlement requires.