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RL221 — Financial Psychology: Biases That Impact Your Life
Retirement Lifestyle Show, hosts Roshan Loungani and Adrian Nicholson journey into the realm of financial psychology, exploring how various psychological concepts influence retirement planning and investing. They discuss the status quo bias, heuristics, analysis paralysis, mental accounting, the endowment affect, herd behavior, and narrative fallacy, providing insights and examples to help listeners understand the impact of these biases on their financial decisions. The conversation emphasizes the importance of self-awareness in managing finances and making informed investment choices.
Hashtags: financial psychology, retirement planning, investing, behavioral finance, decision
making, status quo bias, heuristics, analysis paralysis, mental accounting, endowment affect, herd
behavior, narrative fallacy
Chapters
00:00 Introduction to Financial Psychology
03:13 Understanding Status Quo Bias
05:58 Heuristics in Financial Decision Making
10:57 Analysis Paralysis: The Dangers of Overthinking
15:00 Mental Accounting and Its Implications
21:14 The Endowment EAect: Emotional Attachments in Finance
27:57 Herd Behavior in Investing
31:58 Narrative Fallacy: The Power of Compelling Stories
Follow Us At:
Website: https://retirementlifestyleshow.com/
https://www.retirewithroshan.com
https://youtu.be/hKVzI87v0tA
https://twitter.com/RoshanLoungani
https://www.linkedin.com/in/roshanloungani/
https://www.facebook.com/retirewithroshan/
https://www.linkedin.com/in/financialerik/
https://www.linkedin.com/in/adrian-nicholson-74b82b13b
All opinions expressed by podcast hosts and guests are solely their own. While based on information they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional
View all episodes
By Roshan Loungani and Adrian
4.9
99 ratings
Retirement Lifestyle Show, hosts Roshan Loungani and Adrian Nicholson journey into the realm of financial psychology, exploring how various psychological concepts influence retirement planning and investing. They discuss the status quo bias, heuristics, analysis paralysis, mental accounting, the endowment affect, herd behavior, and narrative fallacy, providing insights and examples to help listeners understand the impact of these biases on their financial decisions. The conversation emphasizes the importance of self-awareness in managing finances and making informed investment choices.
Hashtags: financial psychology, retirement planning, investing, behavioral finance, decision
making, status quo bias, heuristics, analysis paralysis, mental accounting, endowment affect, herd
behavior, narrative fallacy
Chapters
00:00 Introduction to Financial Psychology
03:13 Understanding Status Quo Bias
05:58 Heuristics in Financial Decision Making
10:57 Analysis Paralysis: The Dangers of Overthinking
15:00 Mental Accounting and Its Implications
21:14 The Endowment EAect: Emotional Attachments in Finance
27:57 Herd Behavior in Investing
31:58 Narrative Fallacy: The Power of Compelling Stories
Follow Us At:
Website: https://retirementlifestyleshow.com/
https://www.retirewithroshan.com
https://youtu.be/hKVzI87v0tA
https://twitter.com/RoshanLoungani
https://www.linkedin.com/in/roshanloungani/
https://www.facebook.com/retirewithroshan/
https://www.linkedin.com/in/financialerik/
https://www.linkedin.com/in/adrian-nicholson-74b82b13b
All opinions expressed by podcast hosts and guests are solely their own. While based on information they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional
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