Changes
An emotional bias is a bias which stems from impulse or intuition (Emotional biases tend to result from reasoning influenced by feelings).<ref>[https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/behavioral-biases-individuals#:~:text=Emotional%20biases%20include%20loss%20aversion,of%20biases%20on%20financial%20decisions. The Behavioral Biases of Individuals], CFA Institute</ref> Emotional biases are harder to control for many people because they are based on feelings, which can be difficult to change for some individuals.<ref>[https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/behavioral-biases-individuals#:~:text=Emotional%20biases%20include%20loss%20aversion,of%20biases%20on%20financial%20decisions. The Behavioral Biases of Individuals], CFA Institute</ref>
In investing, common emotional biases are "loss aversion, overconfidence, self-control(People fail to act in pursuit of their long-term, overarching goals because of a lack of self-discipline), [https://www.echowealthmanagement.com/blog/overcoming-six-emotional-biases-to-have-a-successful-investing-experience status quo], [https://www.investopedia.com/terms/e/endowment-effect.asp endowment effect], and regret aversion. Understanding and detecting biases is the first step in overcoming the effect of biases on financial decisions."<ref>[https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/behavioral-biases-individuals#:~:text=Emotional%20biases%20include%20loss%20aversion,of%20biases%20on%20financial%20decisions. The Behavioral Biases of Individuals], CFA Institute</ref>
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