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Financial planning: Ever heard of “phi”?

In Financial competency, Financial planning on 31/10/2016 at 2:51 pm

From NYT’s Dealbook

WEALTH MATTERS
Suzanne Duncan led a team that started out researching incentives in investment decisions, but switched over to studying motivation.

Aligning Your Investments With What Motivates You

In finance, phi is a way for investors to quantify how their motivations, or the motivations of their money managers, will affect long-term returns.

 

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