When we are facing unknown situations our brains will try to find similar situations and then use it to make decisions. This is called representativeness bias. It can be especially dangerous because we may miss some critically different situations that render the past situation useless for decision making. This applies
Tag: Behavioral Biases
I am a big history nerd who enjoys thinking of how things were back in time and how people may have lived through certain events and why. The thing about history is it’s impossible to accurately view the proper response to these things because we know what the outcome
Happy Start of Election Season! Now, I know what you might be thinking, there have been countless debates, we’ve seen an endless amount of Michael Bloomberg ads, we’ve seen once popular candidates drop out, we’ve BEEN in Election Season. To which I would say, counting all of
Despite my nickname of "Mr. Sunshine" I actually am an optimist at heart. I believe America will continue to prosper and be a global economic super-power. I have faith our citizens will be able to (eventually) put aside their growing ideological differences and do what is right for America. I
I was quoted in two articles this week. On Sunday, the New York Times published “When Gambling Seems Like a Good Investment“. The article discussed ways financial advisors deal with aggressive clients. It gave me the opportunity to highlight our behavioral approach. In this case, I discussed how