
Episode 76: Meir Statman talks about his new book, A Wealth of Well-Being, host Rick Ferri
Bogleheads On Investing Podcast
The Intersection of Emotion and Finance
This chapter explores the evolution of finance from traditional models that assume rational decision-making to behavioral finance, which incorporates emotional and cognitive biases. It highlights key contributions from pioneers like Kahneman and Tversky, examining how psychological factors significantly influence investor behavior and decision-making. Through personal anecdotes and industry examples, the discussion underscores the importance of understanding the emotional aspects of investing and the implications of these behaviors on financial choices.
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