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UBS On-Air: Market Moves
Behavioral Finance: Action Bias 101
May 29, 2024
Financial experts Justin Waring and Katie Williams along with Mark Halloran discuss action bias in investing, emphasizing the importance of strategic decision-making and diversification. They explore the impact of guarantees on portfolios, the role of financial advisors in navigating action bias, and the benefits of seeking guidance for rational financial decisions.
17:51
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Quick takeaways
- Adjust investment strategies based on personal goals, not market conditions.
- Combat action bias with control, stress-testing portfolios, and long-term investment strategies.
Deep dives
Understanding Action Bias in Decision Making
Action bias refers to the intuitive urge to act in response to new information, even when rational thought suggests inaction may be better. This bias often leads to suboptimal outcomes, especially in the investment world where it could result in underperformance. For example, during market crises, the impulse to act based on fear of losses often leads to detrimental decisions, as shown by investor behavior during past crisis periods.
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