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Avoiding three common biases in investment decisions
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Understanding cognitive biases enables you to stay on top of your financial planning and decision-making, reducing your chances of suffering avoidable losses.
PHOTO: ST FILE
Jacquelyn Tan
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SINGAPORE - Getting your finances in order can be hard. Sometimes your emotions derail sound, rational assessment; at other times, you will need to do extensive research to be confident of the decisions you make.
To complicate matters further, humans are also affected by cognitive biases - habits of thinking developed over many years that are hardwired into the brain and can give rise to errors of judgment.
