Silicon Valley Bank – Irrational Retirement

Herd behavior – from bank runs to retirement saving

If you are sitting in a packed cinema enjoying a romantic movie with your partner and someone suddenly yells “fire” and runs out, the chances are other individuals may perceive this as a signal to also leave the cinema, even if they have not seen or confirmed the existence of a fire. This behavior canContinue reading “Herd behavior – from bank runs to retirement saving”