Kahneman: Clients Driven by Losses, Not Gains

In an address that was part social science, part high-end psychology and part homespun advice, with lessons from the “idiotic call” at the end of Super Bowl XLIX, Daniel Kahneman gave behavioral finance advice directly to advisors on Tuesday on day two of the IMCA New York Consultants Conference. Kahneman, a psychologist who won the Nobel…