Great series on behavioral finance.

I have been following an excellent series by my friends and colleagues, Justin Reckers, CFP, CDFA, AIF and Robert Simon, Ph.D. I recommend this series highly to clients and divorce professionals. It really does a good job of showing how one’s biasis and emotions can complicate and influence financial decisions. In my experience, 95% of the hard work in divorce negotiations is emotional. If the negotiations were purely math driven, my job would be a lot easier. However, math is really small part compared to the emotional baggage people often carry into the room. Here is a link to a great article on Cognitive Bias in Financial Negotiations of Divorce.   Thanks Robert and Justin for your excellent work.  http://advisor.morningstar.com/articles/fcarticle.asp?s=&docId=20909&from=related

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