Which generation is more prone to herding—millennials or Generation X? Should anchoring bias worry Baby Boomers or younger investors more? In this episode, Mark Riepe is joined by Omar Aguilar, chief investment officer for equities at Charles Schwab Investment Management and an expert in behavioral finance. Mark and Omar discuss the results of a survey that identified the biases most prevalent among baby boomers, Gen X, and millennials.
• This study ( from the Journal of Financial and Quantitative Analysis tests the implications of anchoring bias associated with forecasting earnings per share.
• Another study ( from Information Systems Research examined the role of confirmation bias in virtual communities such as stock message boards.
• You can learn more about nosology ( and the classification of diseases ( in this article:
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All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
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