Finally, a less wordy post about our biases

Thank you, dear readers, for reading my blog-posts and for letting me know what you like and dislike about them (for example, too long, too wordy). I hear you; thus, this post is succinct in answering: Why we save so little? Why evolution is to blame for our stock losses? Why…

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Familiarity Bias vs. Ambiguity Effect

make the unknown to a known and know how to take care of my own business

Or otherwise known as reliance on old-fashioned financial institutions and outdated economic structures.  Partly, it is due to habit; partly, because of our concerns about liquidity; and partly, because we think that it is always risky to experiment with new things where we might lack…

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Fading Affect Bias

Fading Affect Bias

Among the many quirks our brains have is something called the “fading affect bias.”  Basically, we aren’t very good at remembering negative emotions.  Our brains shrink the memories of bad times, painful experiences and anything generally unpleasant. That is generally…

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