Investment decisions are often based on gut feelings from "summary" of The New Psychology of Money by Adrian Furnham
Many people believe that investment decisions are often based on gut feelings rather than rational analysis. This concept suggests that individuals rely on their intuition or instincts when making financial choices, rather than carefully weighing all available information. Gut feelings can be influenced by a variety of factors, such as past experiences, emotions, and personal biases. While some may argue that following one's gut can lead to successful outcomes, others caution that it can also result in impulsive or ill-informed decisions.
Psychological research has shown that emotions play a significant role in decision-making, including financial decisions. People may be swayed by feelings of fear, greed, overconfidence, or even a desire for social approval when deciding where to invest their money. These emotions can override rational thought processes and lead individuals to make decisions that are not in their best int...
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