Understanding Behavioral Aspects of Financial Planning and Investing
Understanding Behavioral Aspects of Financial Planning and Investing ArXiv ID: ssrn-2596202 “View on arXiv” Authors: Unknown Abstract Understanding fundamental human tendencies can help financial planners and advisers recognize behaviors that may interfere with clients achieving their long-ter Keywords: Behavioral Finance, Client Psychology, Financial Planning, Heuristics, Wealth Management Complexity vs Empirical Score Math Complexity: 1.5/10 Empirical Rigor: 2.0/10 Quadrant: Philosophers Why: The paper is conceptual and descriptive, focusing on behavioral finance principles and psychological biases without mathematical models or empirical backtesting, placing it in the low-math, low-rigor quadrant. flowchart TD A["Research Goal:\nUnderstand behavioral aspects in financial planning"] --> B["Methodology: Literature Review & Analysis"] B --> C["Data Inputs: Studies on Heuristics, Biases, & Client Psychology"] C --> D["Computational Process:\nIdentify Patterns & Link Behaviors to Planning Outcomes"] D --> E["Key Findings/Outcomes:\nRecognize biases to improve client wealth management"]