Episode 8 – Financial Decision Making Isn’t Always Rational
Did you stop for coffee and breakfast this morning, and do you plan on grabbing a sandwich at a café for lunch? Have you considered how eating out every day could be taking a bite of your wallet?
In this episode, Peter Raskin explains how the small decisions we make can be consequential— and why financial decision making isn’t always rational.
In this episode, you will learn:
- How confirmation bias can impact the stocks you buy, and why this isn’t necessarily a good (or bad) thing
- Why the tendency to be overconfident in our own abilities can lead to irrational purchasing or decision-making
- What hindsight bias is and why we seem to notice it in others before we notice it in our own financial behavior
- How recent market events can create biases in our purchasing habits
- And more!
Tune in now and learn how to recognize your biases (we all have them)!
Resources: Raskin Planning Group
Disclosure: The is not intended to be a substitute for professional investing advice always seek the advice of your financial adviser or other qualified financial service provider with any questions you may have regarding your investment planning.
Peter Raskin is a registered representative of Lincoln Financial Advisors.Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors.
Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances