Benefits and Drawbacks of Heuristics in Decision-Making

Successful investors know that choosing what to sell is just as important as choosing what to buy. However, findings from a recent study suggest that even professional portfolio managers are subject to psychological forces while making buying and selling decisions. 

On this episode, Mark Riepe discusses these recent findings with Alex Imas, professor of behavioral science and economics at the University of Chicago Booth School of Business and co-author of the study "Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors."

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