LAST WEEK, I focused on listening to the voice of common sense on money issues (“Let common sense be your guide in managing your money”). However, even our “common-sense” thinking can sometimes let us down, as revealed by the figure now regarded as the father of behavioural finance, Daniel Kahneman, who died this week, aged 90, and who is the subject of today’s column.
In his seminal book Thinking, Fast and Slow, Kahneman identified mental traps and biases to which we are prone when thinking about most things, but which are particularly relevant
