behavorial finance | Enrichwise

October 28, 2023 Financial Planning, Investment Planning Kapil Jain

What is Familiarity Bias?: The Hidden Factor Affecting Your Investment Decisions

Unveiling the Secrets of Familiarity Bias: The Hidden Factor Affecting Your Investment Decisions Are you confident in your investment decisions? Do you ever wonder why you have a tendency to invest in familiar companies or industries? If so, you may be falling victim to familiarity bias, a hidden factor that can significantly impact your investment […]

March 17, 2023 Behavorial Finance, Retirement Planning Kapil Jain

Mind your money : How your mindset impacts your finances?

Mind Your Money: How Your Mindset Impacts Your Finances Money might be a tricky topic. Want to know what makes an individual successful with their money? It’s their Money Mindset. Your money mindset can affect every aspect of your financial life, from how you earn and manage money to how you feel about it. First, […]

March 11, 2022 Behavorial Finance Kapil Jain

What is Confirmation Bias? How to Overcome Confirmation Bias?

Everything You Need To Know About Confirmation Bias Have you formed a wrong opinion of someone in your head? In a way that no matter how much good they ever do, you’d keep them at arm’s length, and nothing they do or say would budge your opinion of them? Humans have a tendency to ignore […]

March 6, 2022 Behavorial Finance, Financial Planning Kapil Jain

What is Hindsight Bias? Also known as “I Knew It” Bias!

All about ‘I Knew It’ Bias Do you get the feeling that you always knew how a situation is going to unfold? Well, it is not uncommon to feel that way. Most people assume that they could predict the outcome. However, we make many predictions. This is a common bias that most of us suffer […]

February 26, 2022 Financial Planning Kapil Jain

What is Recency Bias & Why you should Avoid it?

Everything You Need To Know About Recency Bias We have all tried to butter up our parents; days before asking for permission to go out to party, haven’t we? Hoping that based on your recent behavior, they’d grant you the permission? Even our parents tend to grant us permissions based on our latest behavior. It […]

September 17, 2017 Behavorial Finance, Inspiration, Life Planning admin

How do successful people operate & some extreme charts … Weekend good reads..

👉 Life is beautiful … Make it count… Weekend good reads … (1) ❓How Do successful people COMPOUND TIME 👉 Some Common attributes of the likes of Warren Buffet ,Albert Einstein , Ben Franklin , Steve jobs , Oprah …. and many more …. on how they expand their time despite the “busy” ness … […]

August 19, 2017 Behavorial Finance admin

Delayed Gratification ~ The Marshmallow test !!! ~ The one quality must for success…

👉Weekend good fabulous short video … 👉 DELAYED GRATIFICATION , or deferred gratification, is the ability to resist the temptation for an immediate reward and wait for a later reward. 👉40 Years of Stanford Research Found That People With This One Quality Are More Likely to Succeed 👌🏼The following popular short video experiment of MARSHMALLOW […]

May 6, 2017 Behavorial Finance admin

Never Judge a Decision by Its Outcome: Outcome Bias

Never Judge a Decision by Its Outcome: Outcome Bias A quick hypothesis: Say one million monkeys speculate on the stock market. They buy and sell stocks like crazy and, of course, completely at random. What happens? After one week, about half of the monkeys will have made a profit and the other half a loss. […]

December 6, 2012 Economics, Investment Planning admin

Who Pays for your coffee ~ Bargaining Power ~ Ricardian Model ~ Economics

I was reading the article Who Pays for Your Coffee? the other day, an interesting take on the concepts of scarcity and bargaining power. We learn the reasons behind why people pay premium price for the coffee in the morning trip (American Morning’s …that is…)… Interesting .. Ricardian Model of rents, scarcity, bargaining power and pricing… […]

November 17, 2012 Economics, Stocks, Mutual Funds, Etf's etc admin

The Illusion of prediction ~ Hindsight Bias

Everything makes sense in hindsight, a fact that financial pundits exploit every evening as they offer convincing accounts of the day’s events. And this Illusion that we understand the past fosters overconfidence in our ability to predict the future. The idea that the future is unpredictable is undermined every day by the ease with which the […]

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