What is the Connection Between Emotions and Financial Decisions?

[Suba]

In the science of Behavioral Finance, there will be an influence on a person's psychology, be it emotions or a person's character, which will greatly influence the financial decision making process, including investment. Wrong decisions are often made based on emotions which creates price abnormalities. This emotional factor is often exploited by whales and influencers through tweets, videos and articles to influence investors and consumers. What do you think?

 

[Starmix]

If you are not in a good mood, you can never make a good financial decision It is best to feel the psychology of your emotions, and if sense that you in a good mood, you will be happy to decide what is best for your finances,

 

[deucher]

Our actions are a direct consequence of our emotions. If we are disappointed or, on the contrary, happy, we will make completely different decisions in the same situations. Therefore, it is interconnected

 

[Augusta]

If you are not in a good mood, you can never make a good financial decision It is best to feel the psychology of your emotions, and if sense that you in a good mood, you will be happy to decide what is best for your finances,

That's right having a foul mood can mess up our decision making. it is good to be in a good mood before going for financial decisions.

 

[Starmix]

That's right having a foul mood can mess up our decision making. it is good to be in a good mood before going for financial decisions.

If we decide impulsively because of the call of our emotions then, we will become hopeless because we can't retrieve our decision. It will be too late and money os at stake.

 

[Augusta]

If we decide impulsively because of the call of our emotions then, we will become hopeless because we can't retrieve our decision. It will be too late and money os at stake.

That's right when it comes to financial decisions we just have to be careful. You can even lose a fortune or a life savings just by taking the wrong decision

 

[eLdavis]

This is why people are always advice to not make decisions based on how they feel at the moment cause it is usually our emotions at that point in time speaking. Take time out to think about it, and if you still come down to the same conclusion then go ahead.

 

[Fidelia]

Human beings are emotional beings and it takes people that have mastered their emotions not to be erratic to buy just to feel good or soothe some kind of feelings.