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People hate losing money, and that sometimes causes them to lose more. If you’re like most people, the mind games in your head are likely leading to poor decisions, causing you to take excessive risks and lose money in certain situations where you don’t have to lose it if you can outsmart your brain. This

Humans are basically lazy decision-makers.  We like familiarity and we look for patterns in information to streamline the decision-making process.  We’d rather not spend the time and mental energy required to take an objective, deep-dive into the facts and variables of our various alternatives.  Instead, we utilize a variety of decision-making shortcuts. Let’s look at

It’s not a newsflash to say, “people get emotional about money.” However, modern macroeconomics is based on rational choice theory.   That is, individuals make money and investment decisions by logically weighing costs and benefits to maximize their personal wealth. Ah, if it were only that easy! While rational choice theory generates clean mathematics, its output