Wednesday, August 25, 2021

Fidelity Goes Behavioral

Fidelity Investments recently hired Gilbert Haddad to head the company's decision science area. The data gathered from the new initiative is "..really like applying behavioral finance and behavioral science to understand” what the portfolio managers and analysts are good at or not. The data will also be used to "help them understand their own biases" in the investments made by the manager to help them avoid bad behavioral decisions.