Understanding Behavioral Aspects of Financial Planning and Investing.
The article offers information on financial planning and investing and its behavioral aspects. Topics include the importance of knowledge acquisition to appropriately plan one's finances, theories like the efficient market hypothesis (EMH) and capital asset pricing model (CAPM), and the use of behavioral finance insights by financial planners on clients. It also discusses the disposition effect, the cognitive process of mental accounting, and self-control bias and framing.