On Episode 4 of “I’ve Been Meaning To Do That,” Oscarlyn talks to Tim Houlihan, enterprise director of behavioral science at Truist, and Daniel Crosby, chief behavioral officer at Orion Advisor Solutions. They discuss (time stamps are approximate):

Introducing Tim and Daniel (2:18)

What is status quo bias? (8:53)

Regret avoidance: the decisions that will affect how we’ll feel in the future (13:40)

Streamlining a complex world with availability bias (20:55)

Demographic trends and overconfidence (23:45)

What’s the most common of these biases? (26:25)

How to recognize overconfidence in your actions (28:52)

Recognizing other biases (32:20)

How to overcome common biases (34:25)

Tying together Episodes 2, 3, and 4: Hold the mirror up to yourself (42:20)

What Tim and Daniel have been meaning to do (44:06)

Ending notes from Oscarlyn (49:10)

The podcast team has created a template for taking notes on each episode. You can find it at Truist.com/resources/wealth/financial-planning/hidden-biases-and-what-you-can-do-about-them.

Have a question for Oscarlyn or her guests? Email [email protected].

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About “I’ve Been Meaning To Do That”

More and more, we’re thinking about shaping our personal—and financial—lives around our purpose and focusing on the contributions we want to make. If you want to turn those thoughts into action and start living intentionally day by day, “I’ve Been Meaning to Do That” is here to help. In each episode, Truist Wealth Co-Chief Investment Officer Oscarlyn Elder will talk to fellow thought leaders about the intersection of your aspiration and smart financial planning, along with steps you can take to focus on what matters most to you.