3min chapter

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#21 Benis Kumar - Behavioural Finance and Trading Biases

The AlphaMind Podcast

CHAPTER

How to Avoid Systematic Errors in Decision Making

I've always been fascinated in the work of a ica ondey and his work with the worldt health organization. By making some simple behavior designs eto medical processes around surgery, i think probably saved millions of lives. The same way we want ed to understand. If you look at most of our investors who are actually a self, may do it yourself invester, he is aware of these deficiencies. He is aware of the role of emotions and huristics and biases can play havoc in trading. But what he doesn't understand is that how much he is vulnerable to it, and what is the damage it can do. So they always think that abias is something which is random

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