20 mins read
The Psychological Factors Affecting Our Financial Decisions
Whether you are budgeting or investing, you are grappling with several psychological factors affecting your financial decisions.
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Why Do Stock Traders Lose Money?
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Money Scripts: Understanding Your Relationship With Money
Money scripts are the unconscious beliefs you have about money. Learn what yours are and how they affect your financial decisions.
What Daniel Kahneman Thinks Investors Should Know
Daniel Kahneman gives a great breakdown of 6 cognitive biases and illusions that affect both our everyday lives and our investing success.
The Ultimate List of Cognitive Biases
Did you know that there are over 175 different cognitive biases? Thankfully, there's an easy way to classify and understand them. Here it is.
10+ Best Behavioral Finance Books to Read
Behavioral finance books help understand the impact of psychology on financial decisions. Check out the top titles.
False Dilemma (Logical Fallacy): Definition and Examples
A false dilemma occurs when a limited number of choices, outcomes, or views are presented as the only possibilities.
No True Scotsman Fallacy – Definition and Examples
No true Scotsman occurs when someone defends a generalization by redefining the criteria and dismissing examples that are contradictory.
Ad Hominem: When Personal Attacks Become Fallacious
Ad hominem fallacy is based on personal and irrelevant attacks against the source of an argument instead of addressing the argument itself.
Tu Quoque Fallacy – Definition and Examples
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Circular Reasoning: Definition and Examples
Circular reasoning is a logical fallacy in which a person attempts to prove something using circular logic.
The Sunk Cost Fallacy And How It Can Ruin Your Decisions
Sunk cost fallacy is a cognitive bias that causes people to include non-recoverable past costs in their decision-making process.
Anchoring: How We Cling to the First Piece of Information
Anchoring is a cognitive bias that describes the human tendency to overly rely on the first piece of information we find or is offered to us.
Loss Aversion: How We Fear Losses More Than Value Gains
Loss aversion is a cognitive bias, or a systematic pattern of thinking, that refers to our natural inclination to focus on setbacks more than progress.
Dunning-Kruger Effect: How Low-Skilled People Overestimate Their Own Abilities
The Dunning-Kruger effect is a bias whereby people with low ability in a certain area tend to overestimate their capability in that area.
Logical Fallacy vs Cognitive Bias – What Is The Difference Between Them?
Even though both fallacies and biases are very different from each other, they are both typically concerned with the same issues - errors in reasoning.
