Advising the Advisers
Filed in Ideas ,Research News
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Shlomo Benartzi, Nick Barberis, Kent Daniel, Dan Goldstein, Noah Goldstein, John Payne and Richard Thaler make up the Academic Advisory Board of the Allianz Global Investors Center for Behavioral Finance. Based on interviews with this set, the Center has released a white paper entitled “Behavioral Finance in Action Psychological challenges in the financial advisor/client relationship, and strategies to solve them”. It is basically advice for financial advisers, written with the conviction that if advisers know more about psychology, they’ll be able to provide better advice.
