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We don't always see things as they are. We don't simply glean information through the senses and act on it. Instead, our minds give that information their own spin, which can sometimes be deceptive. The inner experience is not always in perfect sync with what is going on in the outer world. There are some alarmingly standard mistakes that people make again and again. These common thinking errors that hinder our rational decision-making are called “biases”. Several biases have been described. It is very easy in the heat of the moment, or when subject to stress or temptation, to fall into one of these mind traps. Behavioral finance studies these biases which can negatively affect investor's returns. -- from my new article: https://read.cash/@Omar/the-tricks-your-mind-plays-on-you-20-biases-that-impact-your-investment-success-part-13-0dec3149

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