20.00 Dollar US$ Most Common Behavioural Biases in Retirement Planning Pune

Published date: December 14, 2024
  • Location: Baner, Pune, India
Most Common Behavioural Biases in Retirement Planning
Most Common Behavioural Biases in Retirement Planning

It is helpful to recall some of the more typical biases with which most decision-makers are likely to be infected before describing how some appreciation of behavioural finance might improve the practice of retirement planning.
Present Bias. People naturally orient themselves more toward short-term pleasures than toward long-run rewards. This can cause people to save too little for retirement because current expenses are served above future needs.

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