Day: April 14, 2021

It is hard to break away from the crowd. Going along with the herd has deep roots in psychology. In the field of Behavioral Economics, herd behavior happens when individuals act as a group and do things as a group they would not do on their own. Herd behavior often results in the individual losing their ability to think independently and weigh the pros and cons of decision-making on their own. There are two accepted explanations for herd behavior: First, the social pressure to … Continue reading “Are you confident enough to be a contrarian investor?”