question archive There are a variety of cognitive biases which advisers must be aware of when giving financial advice, and clients must be aware of when taking financial advice
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There are a variety of cognitive biases which advisers must be aware of when giving financial advice, and clients must be aware of when taking financial advice.
Required:
1. Conduct research on the types of cognitive biases that exist and list at least 3 of these biases.
2. Choose 2 of these biases and explain these in your own words.
Note: You may use internet resources as references, however you must also use academic journals in your research.