The opmistic thinking!

01:12 Mins Read

Understanding optimism prediction and information processing prediction, and using them properly.

Transcript

"The opmistic thinking! How often have we heard people saying ""Good things happen to good people""..
It probably is not true in case of investments. Are you exploring your biases? In life, with all the uncertainties, fears, and doubts, it is only possible to survive and overcome by having confidence and being optimistic. But sometimes, it makes you so confident that you reach the point of irrationality and lands into the hole of wrong decisions. This is called optimism bias. We need to be informed enough to take our decisions in our favor. But there exists another bias there. Information processing bias means the inability to understand the information in its correct sense and conceiving it irrationally and abruptly. Don't worry we are here to help in this super biased world. To know more and learn about it -- Read about biases on Smart Money by Angel Broking."

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