Nature of Behavioral finance
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Scope of Behavioral Finance
Investors: Behavioral finance is a means to analyze the common mistakes which the investors make while selecting particular security. It enlightens upon on the common biases which restrict people to make rational investment decisions.
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Behavioral finance is an area of study focused on how psychological influences can affect market outcomes. Behavioral finance can be analyzed to understand different outcomes across a variety of sectors and industries. One of the key aspects of behavioral finance studies is the influence of psychological biases.
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