The Strange Psychology of COVID-19 and Investor Behavior

Investors have a new set of behavioral trapdoors to avoid. Knowing what these unconscious, and often irrational, tendencies are, and why we sometimes fall prey to them, can help you dance around them.

(Image credit: Getty Images)

If you have spent any time on social media in the last few months, you have inevitably seen a host of breathless articles opining on how “Coronavirus Will Change XYZ Forever.” While the impact of COVID-19 is undoubtedly dramatic, it is also human nature to fall prey to several behavioral traps when predicting the future.

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Daniel Crosby, Doctor of Psychology
Chief Behavioral Officer, Brinker Capital, Brinker Capital

Educated at Brigham Young and Emory Universities, Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby's first book, "Personal Benchmark: Integrating Behavioral Finance and Investment Management," was a "New York Times" bestseller. His second book, "The Laws of Wealth," was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into five languages.