Overcoming biases may ensure we stay on the path to reach our financial goals and doing so starts with recognition.

It is well-documented how imposter syndrome can hinder you in the workplace. The cognitive bias which describes the condition of not feeling successful internally when you appear to be thriving ...

The late psychologist Daniel Kahneman once said if he could wave a magic wand and get rid of any bias, he would choose overconfidence. However, overconfidence is here to stay. In a recent study in ...

Many investors, especially younger ones, express high confidence in their financial acumen. However, they also disproportionately answered questions incorrectly on a financial quiz, according to a ...

Financial advisors know well that a foundational level of financial literacy is essential for making informed investment decisions. Yet, even with strong literacy scores, many investors are prone to ...

We are all constantly making predictions about our lives, both professionally and personally. For financial professionals, predictions can have a drastic impact on a client’s financial success. This ...

Why are so many intelligent, well-meaning individuals uncompromising in their positions and perspectives? Whether in mergers or trading decisions, leaders consistently repeat the same mistakes, often ...

“Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.” —Daniel Kahneman, Nobel laureate There ...

National security officials are "overwhelmingly overconfident," which hinders their ability to accurately assess uncertainty, according to new research by a Dartmouth government professor. When they ...

Managerial overconfidence describes the cognitive bias whereby executives hold an inflated belief in their own judgements, forecasts and capabilities. Within corporate finance, this trait shapes a ...

In my work as a CEO coach, I have grown accustomed to working with executives who are self-assured and confident. These leaders have put in decades of hard work, and have the accomplishments to show ...

Optimism is the opposite of pessimism, and the upsides and downsides of each are very different. Healthy optimism is associated with superior physical and mental health outcomes and stronger and more ...