Behavioral Finance: Action Bias 101
UBS On-Air: Market Moves
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Avoiding Action Bias: A Strategic Approach to Investing
This chapter delves into the detrimental effects of action bias in investment decisions, especially in times of crisis, urging investors to adopt a more thoughtful and strategic mindset. It emphasizes the importance of aligning investment strategies with personal goals and market conditions, with a focus on diversification and proactive planning to combat the impulse to react impulsively.
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