Irrational Investing - Why Good People Make Bad Investment Choices

Most investors I know love new information. The fact that you are reading this right now probably means you do too. Much of the information and advice we receive is based on modern economic theory. In order to generate predictions about investor behaviour, this theory assumes that investors are rational decision makers, assessing probabilities and acting accordingly. For example, it should be reasonable to assume that Investor A would be willing to risk twice as much for an investment...