People do not always act in their own best interests.
That’s one of the key insights from behavioural economics, according to a paper from the United Kingdom’s newly re-formed financial services regulator, the Financial Conduct Authority. But there are steps that can be…
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a haircut in financial markets
In financial markets, haircuts are painful rather than pleasant.
But like a visit to the regular hairdresser or barber, they can leave a hole in finances.
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Does it make sense to buy an expensive, branded t-shirt to fit in with the crowd?
How about a special anniversary gift for a loved one that is several times more expensive than anything you would buy for yourself?
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