Khan Academy | Psychology of money part 1 | Financial goals | Financial Literacy | Khan Academy @khanacademy | Uploaded August 2024 | Updated October 2024, 1 week ago.
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Money biases like herd mentality and anchoring bias can lead people to make financial decisions based on peer actions or initial information, potentially distracting them from making rational, well-informed choices. This often results in missed opportunities or unnecessary financial losses.

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