Overconfidence is one of the most pervasive and persistent cognitive biases. Learn practical ways to avoid self-deception in this On Demand Video featuring Ryan O. Murphy, head of decision sciences at Morningstar Invest Management LLC.
In this presentation, Ryan O. Murphy, head of decision sciences at Morningstar Investment Management LLC, discusses the behavioral research about overconfidence, one of the most pervasive and persistent cognitive biases in investment decision making, and offers practical ways that you, your investment teams, and your clients can identify and avoid self-deception. He also addresses how investors and firms can avoid overconfidence bias and improve decision making.