2-11-21 - ~after the fact thinking the outcome could have...

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Personal Financial Planning November 21 -Traditional Money Planning -Non-Monetary Planning Life Planning ~How people actually behave -Planning Limitations ~lack of knowledge ~perceptions ~limited scope/speed -Heuristic biases *anchoring/imprinting *framing ~how you communicate a thought *representativeness ~judgments made based on 1 or 2 characteristics *availability *hindsight bias
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Unformatted text preview: ~after the fact, thinking the outcome could have been known beforehand *salience ~putting too much weight on recent occurrences *loss aversion ~going to great lengths to avoid loss *satisficing behavior-Non-financial Needs *trust *find an interested person *understand *help establish goals *feel secure/safe *improve competency *enjoy interacting...
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