Cognitive biases are systematic errors in thinking and affect how we perceive information and make decisions. Since they can be unconscious mental shortcuts, identifying and understanding cognitive biases can lead to more logical decision-making.
CWA Planner Brittany Frazier joins this episode to discuss confirmation bias, the tendency to seek information that supports prior beliefs. The guys explore how these thought processes might influence your financial plan and the role emotions play in shaping confirmation biases.
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