The field of behavioural finance points out several beliefs and biases that hamper investment decisions and lead to sub-par investment returns. One should steer away from these five biases: Herd mentality: In behavioural finance, herd mentality bias refers to the tendency to follow and copy what others are doing. Recency bias: Most investors tend to give more importance to short-term …
Many are excited about the ways in which AI might enhance our lives. But many also fear potential harms of this tech going mainstream, including how it is used to exacerbate existing inequalities that harm entire communities — like when Buzzfeed recently published images of 194 AI-generated Barbie dolls, many perpetuating inaccurate and hurtful cultural stereotypes that were not caught …
3 common thinking traps and how to avoid them, according to a Yale psychologist Enlarge this image Malte Mueller/Getty Images/fStop Malte Mueller/Getty Images/fStop The mind is a tricky thing. Sponsor Message However, we can do our best to try to correct these thinking traps, says Ahn, which she teaches her students how to do in her popular undergraduate course at …
How brain biases prevent climate action Creative Commons Cognitive biases that ensured our initial survival now make it difficult to address long-term challenges that threaten our existence, like climate change. “Cognitive biases that ensured our initial survival make it difficult to address complex, long-term challenges that now threaten our existence, like climate change,” says Seyle. While we may understand what …
