How Behavioral Finance Can Improve Your Retirement Planning

How Behavioral Finance Can Improve Your Retirement PlanningHow Behavioral Finance Can Improve Your Retirement Planningrstand how human beings make financial decisions. Unlike traditional finance that assumes people are rational agents always maximizing utility, this behavioral finance recognizes that many human behaviors are irrational in the sense that they're often influenced by emotions and cognitive biases and social forces. In retirement planning, this understanding of psychological influences might help avoid common pitfalls that people fall into, including procrastination, overconfidence, and loss aversi