Advisers should brush up on Daniel Kahneman’s work
Behavioral economist's insights about advisers and their clients should ring true
Investment advisers and financial planners might not like Daniel Kahneman's views on active management (he does not believe in it), but they should listen to his insights about their clients.
And if they aren't already thoroughly familiar with Mr. Kahneman's work, they should become so.
Mr.
Learn more about reprints and licensing for this article.