The Pygmalion effect, named after the Greek myth of Pygmalion, who carved an ivory statue of a woman and then fell in love with his creation, is the phenomenon in which people develop high expectations for others and thus need less effort to make them succeed. It can often happen when someone with power or… Continue reading Pygmalion effect in business and real life
52-Week anchoring | Effects and solutions you need to know
An anchoring refers to a cognitive bias that occurs when the first piece of information that people have been exposed to influences their judgment. An anchoring bias occurs when people use an initial piece of information (the anchor) to make subsequent estimates. For example, a 52-week anchoring bias occurs when people anchor their current estimate… Continue reading 52-Week anchoring | Effects and solutions you need to know
Nash Equilibrium Examples: The Best Way to Understand It
Nash equilibrium is a term used in game theory to describe a situation in which two or more players may want to reach an agreement but cannot because they have different incentives. It studies the behavior of games such as prisoner’s dilemma, Tit-For-Tat, and cooperative games. Nash equilibrium definition Nash equilibrium is a mathematical concept… Continue reading Nash Equilibrium Examples: The Best Way to Understand It
Day Trading In Stock Market | Explore the secrets
Day trading is a term used to describe the practice of buying and selling securities (stocks, bonds, etc.) within a tight time frame, typically within one business day. It is risky because the security price can change rapidly in a short period. For this reason, day traders usually only trade one stock, and they keep… Continue reading Day Trading In Stock Market | Explore the secrets
22 proven ways to beat the stock market in 2023
Most investors come to the stock market for higher profits, but they do not understand investing and managing the portfolio. Many experienced investors also struggle to organize a diversified portfolio that pays off well. We will share 22 proven ways to beat the stock market in 2022 for both new and existing investors. Beating the… Continue reading 22 proven ways to beat the stock market in 2023
Why emergency funds matter | The best friend in need
Life is not a bed of roses, as the saying goes. You will face so many incidences you do not expect. Many of those events will cost you an unusual amount in bulk. Your emergency funds will save you at those times as the best friend in need. Let’s learn why emergency funds matter and… Continue reading Why emergency funds matter | The best friend in need