You can lose money for strange reasons like knowledge and sense of control: 5 ways how Dunning-Kruger effect helps in managing your personal finance
Knowing about asset allocation and diversification is not the same as knowing what will work in one’s case. That is because one lacks real world experience and expertise that the professional may have in that area. Also, there are convictions, conditioning and behavioural biases that an individual m
The Bharath News1 min readSource: ET Real Estate
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Knowing about asset allocation and diversification is not the same as knowing what will work in one’s case. That is because one lacks real world experience and expertise that the professional may have in that area. Also, there are convictions, conditioning and behavioural biases that an individual may labour under. The illusion of knowledge may offer false confidence.
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