Egan: Behavioral Finance Knowledge Does Not Stop Irrational Decision-Making
Dan Egan · Dan Egan – Better Investment Outcomes (Capital Allocators, EP.23) · Aug 28, 2017 · at 8:18
Dan Egan, Director of Behavioral Finance and Investing at Betterment, discusses how personal self-reflection and behavioral economics inform decision-making systems.
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“It doesn't stop you from having all of those issues. It doesn't stop you from making irrational decisions. It doesn't make you some sort of super rational person. It just does give you a framework of saying, okay, this is why this is happening. This is how this is happening. And then at some level you start saying, how can I build around myself systems or habits or patterns so that I minimize the really, the harmful ones.”
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