Posted by Sundar on 16th May, 2012 “No problem in judgment and decision making is more prevalent and more potentially catastrophic than overconfidence”–Plous (1993) Psychologists have determined that overconfidence causes people to overestimate one’s actual ability, performance, level of control, chance of success or their knowledge and have excessive certainty regarding the accuracy of their [...]
Read moreA big limitation with most of the financial products is that the benefit would be felt or enjoyed many years from the date of purchase. When you buy an insurance plan or a mutual fund whose performance is market linked, it is only years later would you know how well or badly it has performed. [...]
Read moreThis article written by Sreekant has appeared in the Feb-Mar edition of The Financial Planning Journal. Investor behaviour still seems to be influenced by past experiences and perceptions, especially of the stock market, though the investment environment has seen a sea change over the years. Why are children generally afraid to sleep alone in the [...]
Read moreRajesh is a keen footballer. Has a lot of interest for the game, works hard and tries his best to score goals. But he has not progressed as much as he would’ve liked in the game as he hasn’t scored as many goals as would’ve been needed for him to progress. So he thought [...]
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