Behavioral Finance 101
Photo by sveta Behavioral finance combines psychology and economics to explain how investors act. Instead of assuming that people (e.g., investors) always make rational financial decisions, behavioral finance proponents argue that behavioral biases strongly influence...
Variable Annuities
Photo by zimmytws Variable annuities are highly complex financial instruments that, despite their popularity, appear to be unsuitable for most investors. While these vehicles offer various theoretical guarantees that may appear attractive to certain investors, the...
Bloodletting and Monetary Policy
“In March 1853 she was afflicted with a pain in the chest; her tongue seemed to be covered with a film; leeches failed to make her breathing any easier.” – Gustave Flaubert, A Simple Heart The practice of bloodletting in order to cure health ailments originated...
