In order to determine what is going on in the financial markets, it is necessary to understand what is going on in the minds of investors. Financial markets reflect the human nervous system much more accurately than the state of the economy, believes psychologist Mikhail Tegin.Why the "ideal rational" from textbooks does not work, how our lifestyle and wallet thickness are connected, why "we all come from childhood"? Oninvest is starting a series of materials on why rationality remains a theory, while emotions and cognitive distortions become the real cause of prices and bubbles. Series one.

Mikhail Tegin

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Homo economicus vs. homo sapiens: why we invest not always rationally