Now that we’ve covered a number of different biases and illusions, think about the implications that each of these have for finance, both in terms of their effects people’s personal finance or wealth, as well as the impacts on markets more broadly. Which bias or illusion do you think has the greatest impact? Are all the potential impacts negative, or are there some that you feel could potentially be good? Feel free to reference biases from the previous class as well as this one. Or alternatively, if you have another favorite cognitive bias that you know from outside the class that you feel is more important to finance or economics, feel free to share it. Head over to the discussion board to share your thoughts.
