In this week’s episode of the Retirement Solutions Show, Ralph Hicks, Michael Hicks, and Ryan Gilmore share how investors often suffer from confirmation bias.
Confirmation bias is the tendency to seek out information that confirms one’s existing beliefs and ignore any evidence that contradicts them. As an investor, falling victim to confirmation bias can be damaging when one makes investment decisions without looking at the complete picture.
In this episode, the team at Oakmont has a discussion on confirmation bias, including:
- What is confirmation bias?
- How we fall victim to confirmation bias in everyday life
- Examples of how we see confirmation bias affect people who have come through our office
- Strategies that can help you make better financial decisions
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