The Journey of Making Financial Decisions: A Psychological Exploration
Making financial decisions is not solely an economic activity; it is heavily influenced by psychological factors that can significantly impact the outcomes. Understanding the psychological journey that accompanies financial decision-making can help individuals make better, more informed choices.
The Influence of Cognitive Biases Cognitive biases affect how individuals perceive information and make decisions. These biases can skew reasoning and lead to financial choices that may not align with one’s best interests.