Emotions affect financial decisions from "summary" of The Psychology of Money - Gujarati Edition by મોર્ગન હાઉઝેલ
Our emotions play a crucial role in the decisions we make about money. We may think that we are rational beings who make logical choices based on facts and figures. However, the truth is that our emotions often drive our financial decisions more than we realize. When we feel fear, we may be more likely to make decisions based on avoiding losses rather than seeking gains. This can lead to missed opportunities for growth and wealth accumulation. On the other hand, when we feel overconfident, we may take unnecessary risks that can result in financial s...
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