Sentences with phrase «rational money decisions»

At times when emotions are running high we don't always find it easy to make rational money decisions, which is why you should plan ahead.

Not exact matches

Do these things and you may actually find that true windfalls aren't comprised of money, but of the wisdom derived from making rational decisions where so many before you have failed.

Behavioral finance is a fairly new term and area of research that surfaced when researchers realized that investors, people who make otherwise rational decisions throughout much of their life, do not make rational decisions when it comes to money.

People don't always make rational decisions when it comes to money.

Also, the money seems not to be the main reason — if it was, people would not pay extra out of pocket for lay midwives if their hospital birth was covered by insurance, something that often happens, and people would definitely think twice before paying for the services of midwives in full at 36 weeks and then if they have to transfer end up with further hospital bills — these are not rational monetary decisions, they are paying these con artist in order to reinforce their feelings or beliefs.

Work led by Richard Thaler has demonstrated that, when people are asked to commit to saving money in the distant future (as opposed to right now), they end up making much more economically rational decisions.

In psychology or behavioral economics, this means you continue to make a poor decision instead of a rational choice, because you've already invested (time, money, energy) into it.

He was beguiled by the idea of alien races of hyper - rational beings who had taught themselves to disregard all emotion, Compulsively rational, he wished to turn life's decisions — whether to take the first elevator or wait for the next one, where to bank his money, what job to accept, whether to marry — into calculations of advantage and disadvantage, algorithms or mathematical rules divorced from emotion, convention, and tradition.

Use of the proven strategies on this platform will help you make rational decisions when it comes to investing and not lose your hard - earned money through emotional choices.

It's Monopoly money, at best... Ironically, the less you care about money, and profits & losses, the more abstract the notion of fear & greed will become — you'll become far more rational & effective in your investment decision - making.

I've reviewed some of the more popular accounts for you to consider — this will insure you have enough information to make a rational decision regarding where you'll put your money.

You believe that you only use a rational thought process to make your big money decisions.

This is exactly why having an investment plan is so vital to an investor as it can help separate those emotions so you can make rational decisions that will save / make you money.

It's easy to see why — no one wants to think about death, people may find their options confusing, and they think that life insurance is a gamble and they're «wasting money» if they don't die — but for many people it's not the rational decision.

But there is a growing realisation that most individuals may not make rational decisions about money in the trauma and grief of losing a loved one.