The pair identified common cognitive biases that cause people to use faulty reasoning to make irrational decisions.
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Cognitive errors relate to making incorrect investment decisions due to faulty reasoning.
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Cognitive errors, such as a math error, result from faulty reasoning and can often be corrected once the client is made aware of the error.
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This reasoning is faulty because this money is taxed at the corporation before it can be paid out in dividends.
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Market commentators will apply all manner of reasoning and faulty to logic to the stuck nature of stocks, but the answers necessary to explain the past and present are really quite simple: bad policy.
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