Behavioural finance seeks an understanding of the impact of personal biases on investors. These biases may have an effect on your ability to be a successful property investor.
What are the biases people have when investing in property ? Below is a list of common biases in finance.
Common biases include:
1.Overconfidence and illusion of control
2.Self Attribution Bias
3.Hindsight Bias
4.Confirmation Bias
5.The Narrative Fallacy
6.Representative Bias
7.Framing Bias
8.Anchoring Bias
9.Loss Aversion
10.Herding Mentality
For more information or to apply for finance contact us at enquiries@financefinders.com.au