Human Error and Behavioral Finance

  title={Human Error and Behavioral Finance},
  author={Christopher K. Merker and Sarah W. Peck},
What is human error? Human error means that something has been done that was “not intended by the actor; not desired by a set of rules or an external observer; or that led the task or system outside its acceptable limits”. In short, it is a deviation from intention, expectation, or desirability. Logically, human actions can fail to achieve their goal in two different ways: the actions can go as planned, but the plan can be inadequate, leading to mistakes; or the plan can be satisfactory, but… Expand

Topics from this paper