Sunk Cost Bias or Gambler‘s Fallacy: it‘s just very difficult to cut our losses.

How is my Financial Health, Doc?
09/01/2022 14 min Episodio 77
Sunk Cost Bias or Gambler‘s Fallacy: it‘s just very difficult to cut our losses.

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Episode Synopsis

The eight and last installment in the serie on Behavioral Finance. Sunk Cost bias or Gambler's fallacy. This bias is something I am certain we all are victim of. You may not want to admit but you fall victim to this one as well. We are human and we act with emotions. It is very difficult to cut our losses and walk away. Just recognize this can be very detrimental to your overall portfolio performance.

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