Quote by Andrew Lo
While neurological studies have tried to identify components responsible for fear and greed, the impact on finance is less clear.
Summary
This quote highlights the difficulty in understanding how fear and greed affect financial decision-making. While neurological studies have attempted to pinpoint the neurological factors underlying these emotions, determining their precise influence on finance remains elusive. The implication is that while we may have an understanding of fear and greed on a physiological level, linking these emotions to specific financial behaviors and outcomes is a more complex task that has not been fully resolved.
Topics
Finance
By Andrew Lo