Thoughts on Thursday - Mental Accounting

Thoughts on Thursday - Mental Accounting

| December 10, 2020
Share |

We all tend to create “mental accounting” rules about how we will spend and save. These rules can give us round numbers to help make sense of finances, however, over-simplification can be wrong. We talk with Dr. Meir Statman about how this “mental accounting” transfers over to our thoughts on investing, and the dangers of compartmentalization and rigid rules.

Share |