5min chapter

The Long View cover image

Meir Statman: ‘The Biggest Risks in Life Are not in the Stock Market’

The Long View

CHAPTER

Evolution of Behavioral Finance and Life Wellbeing

This chapter explores the progression of behavioral finance through three generations, highlighting human behavior and overall life satisfaction. It contrasts traditional finance's rational approach with the reality of emotional and cognitive biases in decision-making, leading to a broader consideration of individual wellbeing in financial planning.

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