Behavioural finance

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Blog

01NOV 2019

Could the odds on an England rugby win be a matter of interpretation?

What are the chances of England winning the Rugby World Cup this weekend? Ask your friends for their views and your ultimate take on their answers may well depend on whether they use words or numbers

2019

JUNE

21JUN 2019

Blog

Outcomes and timeframes – With Annie Duke, Part 3

The Value Perspective recently had the chance to chat with author and retired US poker player, Annie Duke, in the third of three resulting articles, we discuss outcomes and timeframes in the context of decision-making

20JUN 2019

Blog

Base rates and countering ‘tilt’ – With Annie Duke, Part 2

The Value Perspective recently had the chance to chat with author and retired US poker player, Annie Duke, in the second of three resulting articles, we discuss the importance of base rates and how to counter being ‘on tilt’.

MAY

31MAY 2019

Blog

The instinctive biases investors must beware – Part 2: Cognitive errors

The many behavioural biases hardwired into the human brain that investors need to beware of split roughly into ‘emotional biases’ and ‘cognitive errors’. Here we run through the principal examples of the latter

28MAY 2019

Blog

The medical advice all value investors should follow

With medical students just as prone to behavioural biases as anybody else, a couple of pieces of advice doled out to budding doctors should be of interest to investors too

21MAY 2019

Blog

The instinctive biases investors must beware – Part 1: Emotional biases

The many behavioural biases hardwired into the human brain that investors need to beware of split roughly into ‘emotional biases’ and ‘cognitive errors’. Here we run through the principal examples of the former

03MAY 2019

Blog

Tiger, Tiger – should these bets have been burning bright?

April proved quite a month for not one but two sporting Tigers who had set out to confound history in their respective fields – and it was not a bad month either for those who chose to back them at the bookies

02MAY 2019

Blog

What does this monkey business tell us about human investors?

A US psychologist’s experiments with capuchin monkeys offers further evidence humans should look to invest in a way that strives as far as possible to remove emotional and instinctive biases from the equation