3min chapter

Choiceology with Katy Milkman cover image

I Don’t Want to Know: With Guests Amelia Boone & Emily Ho

Choiceology with Katy Milkman

CHAPTER

The Role of Information Avoidance in Personality Traits

There's a lot of work in the field of behavioral finance where they basically show that when the stock market is down investors avoid looking at their financial portfolios. But then when theStock Market is up or the S&P 500 goes up people log into their accounts a lot more. This behavior persists even over the weekend so literally you know the markets aren't trading on Friday afternoon and it's down investors don't log in over the weekend but when the stock markets end on a high note people are logging in just to kind of you know enjoy their earningseven though you really can't do anything about it. It's an example in behavioral finance of the ostrich effect.

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