In this episode, we tackle the art and science of recognising and removing emotions when purchasing a property. When we are not thinking objectively, we risk making poor impulsive decisions. In the property game, this can mean purchasing an under-performing asset, losing money, having to start all over again and regretting the home you have chosen for yourself. So how do emotions impact our judgement and decision making? This question has been explored in great depth in the last couple of decades, so much so that 'Judgement and Decision Making' has now been reduced to an acronym, JDM, in the world of social science. Take a listen as David Johnston, Cate Bakos and Peter Koulizos take you through the property related causes of emotional decision making, how you can detach yourself to make objective decisions and the emotional biases that we all have. EP # 35 - "Emotional decision making" - No.5 of the top 7 Critical Mistakes. Link to show notes: http://bit.ly/2Pm5GVD