Toxic Cognitive Biases "In Your Business" with Michael Sayre. A Production of CUI Wealth Management

In this episode of the In Your Business podcast, host Michael Sayre discusses toxic behavioral financial tendencies that can impact your 401(k) savings and investment strategies. He starts with defining behavioral finance and how it combines cognitive psychology and economics to understand why individual investors don't always make the best decisions or rational choices. Michael talks about two common behavioral financial fallacies: herd mentality and anchoring bias. He explains how thes...