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Showing posts with the label risk

How Do Emotions Influence Financial Decisions?

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22 January 2025 | Decision Making, Financial Literacy, Insights, Personal Development, Psychology, Question a Day Question a Day How Do Emotions Influence Financial Decisions? Emotions are the invisible hand behind many of our financial decisions, often steering us in ways we don’t even realize. While we like to think we’re rational creatures when it comes to money, the truth is more like a soap opera: fear, greed, joy, and nostalgia take center stage, often creating drama that our bank accounts have to clean up. In this blog, we’ll explore the fascinating interplay between emotions and financial decision-making, backed by psychological insights, evolutionary theory, and real-world examples. Plus, we’ll sprinkle in some fresh ideas, like  "emotional diversification"  and the  Emotional Financial Quotient (EFQ) , to help you tame your feelings before they raid your wallet. Let’s dive in! 1. The Role of Emotions in Financial Decisions Emotions act like the impulsive friend ...

What overlooked risks and unconventional opportunities should you consider in your AI strategy?

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What overlooked risks and unconventional opportunities should you consider in your AI strategy? 29 October 2024 | Artificial Intelligence, Opportunity, Question a Day, Risk Management, Strategy, Uncertainty Question a Day What overlooked risks and unconventional opportunities should we consider in our AI strategy?  In today’s fast-paced digital world, artificial intelligence (AI) has become a cornerstone of business innovation and competitive advantage. Companies across sectors are investing in AI to streamline operations, personalize customer experiences, and improve decision-making. However, as with any transformative technology, there are hidden risks that can jeopardize both strategy and reputation if not addressed. At the same time, there are unconventional opportunities that forward-thinking businesses can capitalize on for a unique edge. Here’s a look at some of the most overlooked risks and surprising opportunities in AI strategy. Overlooked Risks in AI Strategy While many ...