Nobody Panic-Sells Because They're Bad at Math
Every trading forum has the same thread, over and over: someone sells at the bottom, watches the price recover a week later, and posts something like "I knew better, I just couldn't watch it anymore." The replies are always some version of "should've done the math." But that's usually not what happened. Most of these people did the math. They had the number in front of them the whole time. They just couldn't sit with what the number was making them feel.
That gap is basically what I spend my time studying. I'm in a finance master's program right now, focused on behavioral finance, and the variable I keep coming back to is math anxiety, specifically how it's different from math ability. Those two things get treated as the same problem in almost every fintech product I've looked at, and I don't think they are.
The standard fix in...
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