Behavioral economics is a well researched field of study and one we find important as it pertains to acting as a fiduciary and a steward of capital. In this newsletter, we reflect on recent research into this topic and attempt to blend it with recent market actions hitting the globe as we speak.
We came upon a research paper entitled “How Basic Are Behavior Biases? Evidence from Capuchin Monkey Trading Behavior” authored by Chen, Lakshminarayanan, and Santos of Yale University. With such a title, one can understand how it went to the top of our reading pile. The researchers wanted