Growth Mindset Psychology: The Science of Self-Improvement

Human Nature Vs. Money: Battling Irrationality & Thinking Traps [#2 Cognitive Biases]


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Manipulation tactics that work - Irrational behaviours that don't - Prediction Fallacies we fall for.

In this episode, we dive further into our series on cognitive biases and how they cloud our judgment.

Studying applied psychology we can learn how we get manipulated by companies and start to protect ourselves from our own irrationality.

Take homes:

  • How to protect ourselves against pricing tactics
  • Reduce irrational decisions
  • Build awareness of the truth
  • Reduce unpleasant surprises
  • Make better investments

  • Further reading:

    • Thinking Fast and Slow - Daniel Kahneman - UK Book - US Book
    • Predictably Irrational - Dan Ariely - UK Book - US Book


      Further Listening

      Enjoyed this episode? Check out the rest of the Cognitive Ciases series:

      1. Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th]
      2. [YOU ARE HERE] - Human Nature vs. Money
      3. Confirmation Bias and the 7 Sins of Lazy Thinking - [June 4th]
      4. Reality Distortion and the 7 Illusions of Perception Impact Everyone - [June 18th]
      5. Cognitive Rigidity and How Einstein Overcame the 5 Biases that Keep Us Stuck - [June 19th]
      6. Thinking Fast and Slow: How to Make Better Decisions - [July 12th]


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        Discussed links

        • Trump given 1% chance of Nominate - 2015 report
        • Forbes - Any Monkey Can Beat the Market

        • Growth Mindset pod

          Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.

          Success and happiness is a state of mind unique to ourselves and is our responsibility to create.

          • Watch the pod - YouTube (Growth Mindset)
          • Mail - GrowthMindsetPodcast(at)gmail.com
          • Insta - SamJam.zen

          • Chapters

            00:00 SECTION - Framing effects

            00:01 #1 Anchoring Bias

            02:54 The Opposite Strategy

            04:59 #2 Framing Effect

            08:06 #3 Decoy Effect

            10:45 SECTION - Irrational

            10:47 #4 Gambler's Fallacy

            16:45 #5 Sunk Cost Fallacy

            19:21 SECTION - Bad Prediction Flaws

            19:55 #6 Overconfidence Bias

            21:30 #7 Information Bias

            25:34 Send Off

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