Overconfidence in financial decision-making involves the belief that one can predict market outcomes or 'beat the system,' which can lead to taking on more risk than intended.

Authors

• Person: Not available Organization: The Wealth Guardians
  Understanding the Human Side of Money: Behavioral Finance Basics

Sources

• Understanding the Human Side of Money: Behavioral Finance Basics www.thewealthguardians.com The Wealth Guardians via serper

Referenced by nodes (3)

• risk concept
• overconfidence bias concept
• financial decision making concept