What is the commitment bias? The "Commitment bias is the tendency to be consistent with what we have already done or said we will do in the past, particularly if this is public. Inconsistency is not a desirable trait, thus people try hard to keep their promises and reflect consistency."
“The desire for more, the fear of missing out, the tendency to compare against others, the influence of the crowd and the dream of the sure thing – these factors are near universal. Thus they have a profound collective impact on most investors and most markets. The result is mistakes, and t
