Did you fall for it too?
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We do not always behave rationally when it comes to making financial decisions. Behavioural economics and neuro-economics show us how, increasingly, when it comes to spending, saving and investment we do not act according to the ideal model of rationality hypothesized by traditional economic theory, but rather we fall into "behavioural traps" that can lead us to make mistakes.
Most people, for example, struggle to gather and process all the information available correctly. They are prone to changing their preferences depending on how the alternatives are presented to them or they are focused exclusively on short-term gain without considering the long-term consequences of their financial decisions.
Being aware of the main "mental traps" helps us to prevent ourselves from falling into them. Answer the following questions and you will see what some of the most common and widely studied traps are. Don't forget that these traps often work together and at unconscious level...so keep testing yourself!