Loss Aversion Bias | Endowment Effect | #Investment Mindset for Wealth Creation
In this video, we explore the intriguing psychological concept of Loss Aversion Bias and how it impacts our everyday decisions. Through an interesting classroom experiment and relatable examples, we delve into why people often avoid risks and prefer to hold onto what they have rather than seek potential gains. We also discuss how this bias affects investment decisions and how companies leverage it to influence consumer behavior. By understanding loss aversion, we can make more rational and informed choices.
Loss Aversion Bias, Psychology, Behavioral Economics, Behavioral Finance, Mental Models, Investment Insight, Investment Decisions, Risk Management, Endowment Effect, Consumer Behavior, Rational Decision Making, Emotional Bias, Financial Planning, Dr Surendra Rajpurohit
#LossAversionBias #Psychology #BehavioralEconomics #BehavioralFinance #MentalModels #InvestmentInsight #InvestmentDecisions #RiskManagement #EndowmentEffect #ConsumerBehavior #RationalDecisionMaking #EmotionalBias #FinancialPlanning #drsurendrarajpurohit
The details of the five best selling books related to investment and personal financing are as under -
The Intelligent Investor (by Benjamin Graham)
amzn.to/3IhsMbi
The Psychology of Money (by Morgan Housel)
amzn.to/42LnZHq
Rick Dad Poor Dad (by Robert T. Kiyosaki)
amzn.to/3Ohka8j
The Almanack Of Naval Ravikant: A Guide to Wealth and Happiness (by Eric Jorgenson)
amzn.to/41Nkij4
I Will Teach You to Be Rich (by Ramit Sethi)
amzn.to/42FX5Rp
Негізгі бет Loss Aversion Bias | Endowment Effect | #Investment Mindset for Wealth Creation
Пікірлер: 4