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It's Not You, Human Brain is Evolved to Make Stupid Financial Decisions
Why do we make stupid financial decisions? The answer lies in the
millions of years of conditioning, sunk cost fallacy, loss aversion bias
and endowment effect. What do all these things mean, and how do these
affect your financial decisions? Find it out in this episode of the
FutureIQ podcast.
We've explained the sunk cost fallacy experiment with the help of some
real-life examples that you may relate to in trading, economics,
marketing, sales, gaming and many other places. Learn this now.
More videos for you:
System 1 vs System 2: https://youtu.be/DIVTMooO7o4
Dollar value of time: https://youtu.be/C-8gffw9_h4
REI Article:
https://www.psytoolkit.org/survey-library/thinking-style-rei.html
Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us
up on Twitter:
@ngkabra http://twitter.com/ngkabra
@shrikant https://twitter.com/shrikant
Listen it on the podcast provider of your choice:
https://tapthe.link/FutureIQRSS
Watch other episodes of The FutureIQ podcast:
https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v
#futureiq #psychology
View all episodes
By Videoschool MediaWhy do we make stupid financial decisions? The answer lies in the
millions of years of conditioning, sunk cost fallacy, loss aversion bias
and endowment effect. What do all these things mean, and how do these
affect your financial decisions? Find it out in this episode of the
FutureIQ podcast.
We've explained the sunk cost fallacy experiment with the help of some
real-life examples that you may relate to in trading, economics,
marketing, sales, gaming and many other places. Learn this now.
More videos for you:
System 1 vs System 2: https://youtu.be/DIVTMooO7o4
Dollar value of time: https://youtu.be/C-8gffw9_h4
REI Article:
https://www.psytoolkit.org/survey-library/thinking-style-rei.html
Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us
up on Twitter:
@ngkabra http://twitter.com/ngkabra
@shrikant https://twitter.com/shrikant
Listen it on the podcast provider of your choice:
https://tapthe.link/FutureIQRSS
Watch other episodes of The FutureIQ podcast:
https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v
#futureiq #psychology