The use of heuristics and biases, such as loss aversion, can influence financial decision-making by leading individuals to overestimate potential losses compared to gains.

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 (1)

• Loss aversion concept