Research Review: Memory and the investment implications

Rob Hamshar  |  Portfolio Construction Forum  |  04 June 2020  |  1.00 CE

Memory is far from being a repository of neutral, reliable information and accounts of past events. It’s often both selective and distorted. While some memory errors are more familiar and obvious (e.g. forgetting), other errors can be more subtle and blur with our other cognitive and emotional biases. One common set of memory distortions arises when we over-remember more subjectively important information (e.g. information related to our values or desires, or our “good” decisions) and under-remember other things (e.g. information that doesn’t seem relevant,...

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