How to Help Clients Overcome Self-Control Bias
Lack of short-term discipline can wreak havoc long-term goals.
This is the seventh article in the Behavioral Finance and Macroeconomics series. We will explore the effect that behavior has on markets and the economy as a whole, and how advisors who understand this relationship can work more effectively with their clients. (Access past articles here.)
In the last article, we discussed the details of a bias called framing. In this article, we will discuss self-control bias.