Problem
Describe a time when you made a decision or decisions that, with 20/20 hindsight were the result of one or more behavioral biases. What might you have done differently? How will you prevent yourself from doing the same in the future?
Which of the biases described in your readings and lecture seem the most important to overcome when advising clients on their investments? How can the Investment Policy Statement help?
Propose policies that you might adopt that would keep you committed to a consistent course of action.