man with dollar signs in eyes A new research report suggests that cognitive biases influence investment choices of asset managers, creating identifiable lifecycles as to when they generate alpha – and when they stop. (Photo: Shutterstock)

(Bloomberg Opinion) — A new research report suggests that cognitive biases influence the investment choices made by asset managers, creating identifiable lifecycles as to when they generate alpha – and, more importantly, when they stop.

Cognitive biases are patterns of behavior that can lead us to make bad decisions and suboptimal judgments.

A researcher whose firm analyzes behavioral patterns for investors and traders, came up with four distinct portfolio manager profiles at a conference in London this week.

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