Investment irrationality and how to manage it

Those of us who stayed in the stock market after 2007 might feel the pang of regret: why didn't I sell when the market was high? A couple of experts in finances, behavior and saving say acknowledging the limits of our investing know-how is the first step to better money management.

Guests

• Meir Statman: Finance professor at Santa Clara University.
• Olivia Mitchell: Director, Boettner Center for Pensions and Retirement Research at The Wharton School.

Resources

• The Mistakes We Make and Why We Make Them
• About Meir Statman
• About Olivia Mitchell