This week we are furthering our discussion on behavioral finance by talking about mental accounting. This concept boils down to the different values a person places on the same amount of money. Mental accounting often leads people to make irrational investment decisions and behave in detrimental ways, so we are breaking down the different advantages and disadvantages. We’ll start with our list of top psychiatrists portrayed in movies and tv shows, then we’ll discuss mental accounting bias, examples of mental accounting, and overall illogical decisions with finances.

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The List: Top Psychiatrists in Pop Culture

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Hashtags of the week: #MentalAccounting #Psychiatrists #Therapy #MakeRationalDecisions #NPH

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