Category Archives: Behavioural Finance

What if Trump Wins? How Would Markets React?

According to popular U.S. statistician Nate Silver’s fivethirtyeight.com, the odds of a Clinton White House were down to 65.6 per cent when I wrote this article (on Friday, Nov 4th). Two weeks ago, before the latest e-mail saga, Hillary Clinton was pushing 90 per cent

Central Banks Suffer from Recency Bias – Do You?

Last week, Bank of Canada Governor Stephen Poloz flipped on his recent bias that the Canadian economy was strengthening – though he does expect a second-half bounce back from the Fort McMurray wildfires. “Recency bias” is a psychological phenomenon where people overweight more recent events

Why work for a living when your house out-earns you?

Why work for a living when your house out-earns you? In a “truth is stranger than fiction” moment, the price appreciation of homes in greater Vancouver have produced more than the sum total of all work done by every single human being that lives in