Sehr wichtig, 5. Behavioral Finance

Psychological biases?

Psychological biases along the decision process
  • Information Selection
    • Availability
  • Information Processing
    • Representativeness
    • Conservatism
    • Anchoring
    • Framing
    • Probability Matching
    • Overconfidence
    • Optimism
    • Belief Perseverance
  • Decision
    • Mental Accounting
    • Disposition Effect
    • House Money Effect
    • Home Bias
    • Endowment Bias/Sunk Costs
    • Fairness
  • Decision Evaluation
    • Hindsight Bias
    • Regret Aversion
=> Individuals’ behavior is subject to irrational psychological biases.

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