Frank Murtha, a behavioral-finance consultant with a PhD in counseling psychology says that by playing some poker, “ you can find out your tendencies to make emotional mistakes, and then you can guard against them.” Writer Bob Frick explains: “By playing poker while keeping in mind the psychological errors that are also common to investing, you can get a lifetime’s worth of training in one evening.
The article outlines the five most common errors as being greed, overconfidence, regret, seeing patterns, and holding onto losers. Read the full article here.
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