What are Cognitive Biases? - Financial 15

What are cognitive biases? How do they impact my financial decisions? How can I minimize them? In this original series Kevin and Clinton tackle those questions. This video is part of our Becker Orr Original Series on Behavioural Finance. Check out the other episodes: Episode 2: Emotional Biases    • What are Emotional Biases? - Financial 15   Episode 3: The Seduction of Pessimism    • The Seduction of Pessimism - Financial 15   Episode 4: Environmental Influences    • Environmental Influences - Financial 15   Episode 5: Wealth and Happiness    • Wealth and Happiness - Financial 15   Clinton and Kevin are with Becker Orr Wealth Management and are both Portfolio Managers with Canaccord Genuity Wealth Management. Combined they have over 40 years of experience. In this episode they tackle: 0:00 Intro 1:04 Behavioural Biases 2:25 Recency Bias 4:15 Mental Accounting Bias 6:43 Represenativeness Bias 9:12 Why are they important? 10:21 How to minimize them? Have a question or want to review your financial plan? Chat with us! Visit: https://www.beckerorr.com/chat-with-us