Question
The task of financial decision-making is made more complex when involving both a financial manager and an investor. In these scenarios, there are multiple biases
The task of financial decision-making is made more complex when involving both a financial manager and an investor. In these scenarios, there are multiple biases that must potentially be overcome. For this weeks discussion, explain some practices you believe would be effective to assist in the debiasing of not only the financial manager but also the individual investor/client as well. Additionally, explain the potential errors that could be made about improper asset allocation by not taking adequate steps to debias a client and not adequately assessing the risk tolerance of an investor/client.
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