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What is Cognitive dissonance: Easy explanation. [Video]

What is Cognitive dissonance: Easy explanation.

In this video, you will learn about a concept known as cognitive dissonance.

#cognitivedissonance #decisionmaking #wallstreetmojo #financialmarkets #investing

Chapters:
00:00 – Introduction
00:34 – What is cognitive dissonance?
01:26 – Application in Finance
04:39 – Conclusion

What is cognitive dissonance?
Cognitive dissonance is a situation people may find themselves in. They cannot arrive at a conclusion or take any decision, which causes too much mental stress.

This may be because they may have two or more beliefs in their minds that are conflicting with each other, and that’s what’s stopping them.

(Explained in detail in the video)

Application in Finance
Cognitive dissonance is not just a psychological concept but is also a concept in behavioral finance.

In the video, we discussed three scenarios where investors or traders may fall for cognitive dissonance, hindering their optimal decision-making process.

(Explained in detail in the video)

This was all about cognitive dissonance. Subscribe to the channel if you haven’t already, and don’t forget to like the video.

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Resources for Accountants

Overview of ASC 805 [Video]

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Resources for Accountants

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Discover how to Improve Your Verbal Communication Skills. Effective verbal communication is an essential skill for managers, as it can greatly influence the success of their teams and organizations. By mastering the art of clear and concise verbal communication, managers can foster better relationships, boost productivity, and inspire their employees. To help you enhance your verbal communication skills as a manager, here are ten valuable tips, along with examples, to guide you in your journey.

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Resources for Accountants

Application of ASC 805 [Video]

This is the introductory video for the third course of the three-part Business Combinations eLearning series. Now that you are familiar with the basic accounting rules and certain ASC 805 advanced issues, this course will apply that knowledge by walking through an example acquisition and requiring you to identify the proper accounting treatment. Take the course: https://www.gaapdynamics.com/product/business-combinations-application-of-asc-805/ Buy all three courses and save! https://www.gaapdynamics.com/product/asc-805-business-combinations/ Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the GAAP Dynamics Learning Library: https://www.gaapdynamics.com/individual-learning/ Subscribe to GAAP Dynamics to see more videos like these!

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Resources for Accountants

Advanced Issues and Disclosures [Video]

This is the introductory video to our self-study eLearning course "Business Combinations: Advanced Issues and Disclosures." Check it out here: https://www.gaapdynamics.com/product/business-combinations-advanced-issues-and-disclosures/ This is the second course of the three-part Business Combinations eLearning series. Now that you are familiar with the basic accounting rules, this course dives deeper into more advanced business combination issues such as exceptions to general guidelines, noncontrolling interests, and measurement period adjustments. Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the GAAP Dynamics Learning Library: https://www.gaapdynamics.com/individual-learning/ Subscribe to GAAP Dynamics to see more videos like these!