What can behavioural finance teach us about finance ?

Finance by behavioral finance:

The behavioral finance seeks to take the conduct into account which is concerned with the rationality or otherwise of humans making monetary investment decisions.

Knowing behavioral finance helps one forestall emotion-driven betting which leads to losses and therefore offers an high-quality approach for wealth management.

Behavioral finance studies how selections are created by all types of investors, from private people to skilled investors and covers all spectrum. It focuses on the actual fact that investors aren't constantly rational, have limits to their self-control, and are influenced by their own biases.

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