Then throw in something small and meaningful for yourself which you earn at the end of the holiday season, but only if you stick to your budget. Hersh Shefrin More Quotes by Hersh Shefrin More Quotes From Hersh Shefrin Having a financial adviser enables the investor to carry a psychological call option. If the investment decision turns out well, the investor takes the credit, and if it turns out badly, the regret can be lowered by blaming the adviser. Hersh Shefrin credit regret decision Reality looks much more obvious in hindsight than in foresight. People who experience hindsight bias misapply current hindsight to past foresight. They perceive events that occurred to have been more predictable before the fact than was actually the case. Hersh Shefrin reality people past