“Behavioural Finance & Investment” MSc in Investment Management, Heriot-Watt University 22 January 2013 Presentation by Professor Colin McLean I am going to focus on some practical ways in which behavioural finance can be applied day-to-day, and draw some conclusions about what we can do about psychology. I am not going to tell you to try […]
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Tag Archives: Illusion of Knowledge
Optimism Bias and the Illusion of Knowledge
January 2, 2012 
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Investors start each year determined to do better. With hindsight, last year’s mistakes always look obvious – surely we can learn from them. The second-half of 2011 was a dreadful period for small and mid cap companies, hitting most actively managed portfolios. Yet, history repeats; as with last year, the January effect has prevailed. Smaller […]
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Behavioural Edge 