Research indicates that cognitive biases, specifically loss aversion, become more pronounced during economic downturns, causing people to avoid necessary investments or miss opportunities for growth.

Authors

• Person: Not available Organization: CLIMB Project
  Financial Decision-Making: Psychology, Behavior & Risk Insights

Sources

• Financial Decision-Making: Psychology, Behavior & Risk Insights climbproject.org.uk CLIMB Project via serper

Referenced by nodes (3)

• cognitive bias concept
• economic downturn concept
• Loss aversion concept