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South Burlington, VT

Value Creation Blog

Tips from CFP in Vermont: What Is Confirmation Bias and Why Should You Care?

sept_25Economist always wonder why investors aren’t rational about their investments.  They act as if the world is rational and humans make rational decisions.  If you pay any attention to people around you, you know this isn’t true.

One of the most dangerous activities you can do is what’s called confirmation bias.  This means that whatever has happened in the recent past will continue in the future.

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Topics: retirement planning, investment management, confirmation bias

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