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A Key Heurstic: Representativeness Explained
As mentioned in previous blog posts, people utilize heuristics in everyday decision making without even realizing it. Heuristics allow us to make decisions or come to conclusions more efficiently, sometimes leading to faulty choices...
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Biases & Their Influences on your Perceptions
In making financial decisions, people often weigh out the likelihood or unlikelihood of an event. For example, which may be a prevalent one at hand, what is the probability of a recession?
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6 Tips to Deal with Financial Stress
In volatile market times like we are seeing right now; it is easy to get stressed about the stock market. In addition to the market volatility many have stress about their jobs and health making it different than financial...
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Common Heuristics that Impact Financial Decision Making
As individuals, we cannot process all the information available to us for a few reasons, such as limited attention, information, and processing capacity. As a result, we use shortcuts called heuristics.
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Sticking to your Financial New Year's Resolutions - How to have a Financially Healthy 2021
Coming into a New Year, many create great New Year’s Resolutions, this year in conversations I have heard more resolutions than ever in the past! It is unfortunate to see studies show that as many as 80% of these resolutions fail...
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What are the Benefits of Saving Early?
For many Americans, the art of saving is something that they have yet to master. This is especially true for those who have just entered the workforce or have gotten their first good-paying job. The mantra of these young professional...
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Financial Survival After a Job Loss
Here is a list of steps that we recommend starting with; depending on your situation there of course may be additional pertinent topics. Analyze Income Options Available There are two key different sources of income you may receive...
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