Human beings aren’t great at assessing risk. In 1979, psychologists Daniel Kahneman and Amos Tversky posited a new branch of behavioral economics, which they titled prospect theory. One of their key findings was that human […]
One of the first lessons in an economics class is everything has a cost. That’s in stark contrast to lessons in the political arena where politicians talk about free stuff. In our personal lives, decision-making […]
To properly manage investment risk, it helps to pay attention to factors many investors ignore or by default embrace because they invest arbitrarily in index funds. In this note, scrutiny is drawn to one potential […]
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