In the book Thinking in Bets, Annie Duke explores the concept of decision-making and how our thinking can often be flawed. Duke argues that we often think in terms of...
In our daily lives, “money” decisions are most frequent. I was recently reminded of one of the best “rules” to keep in mind when making money decisions.
Decision making is all about thinking in probabilities. An outcome of a decision can be binary: left or right. However, when you are “deciding” the answer, you are choosing the...
An interesting topic in The Psychology of Money, one of my favorite financial books, is about the idea of how “theory isn’t reality” when it comes to financial decision making....
The strongest factors working against us in our effort to make better decisions are our cognitive biases. The most common bias which amplifies our tendencies to look for, evaluate, and...