Home   >   Investment Gurus   >   People Make Irrational Decisions When Choosing Experts

People Make Irrational Decisions When Choosing Experts

By on June 11, 2009

People are not only bad investors; but they also choose the wrong experts to listen to. New Scientist highlights research by Don Moore of Carnegie Mellon University which provides evidence that investors will choose a self-confident buffoon like Jim Cramer over a more historically accurate forecaster such as Jeremy Grantham for the simple fact that Cramer has more personal charisma.

Source:

http://www.newscientist.com/article/mg20227115.500-humans-prefer-cockiness-to-expertise.html
***

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>