Investment

Overcoming Sunk Cost Fallacy: Get Better at Decision-Making
Overcoming Sunk Cost Fallacy: Get Better at Decision-Making

One of the first things you learn at an economics course is that you should never take irrecoverable (sunk) costs into account when you need to decide upon present or future investments. But since humans are not the most rational beings, we often forget that basic rule and let the past “investment” distort our judgments. This cognitive tendency is known as “sunk cost fallacy” and it can massively undermine both your personal and business decision-making.

How To Edit the Candle Stock Chart PowerPoint Template
How To Edit the Candle Stock Chart PowerPoint Template

The candlestick was introduced in Japan during 17th century and it was widely used for technical analysis to trade rice. The US version was initiated by Charles Dow around 1900, although many of the guiding principles were very similar. Candlestick is a chart that displays the high, low, opening and closing prices for a security. This kind […]