At last! We’re beginning our discussion on the actual biases that impact our behaviour and decision-making abilities. In this episode, we delve into what biases actually are and explore some psychology around how our brains process information.

We thought it would be a good idea to start this discussion around biases with explaining Daniel Kahneman’s concept of System 1 and System 2 thinking. To help with unpacking this, we brought in Dr Daniel Crosby, a psychologist and New York Times best-selling author, as our guest. He’s also the host of his own podcast, called Standard Deviations.

Useful links: 

Buy the book - Thinking, Fast and Slow by Daniel Kahneman: 

• https://www.takealot.com/thinking-fast-and-slow/PLID19456785 

A great breakdown of the biases that I refer to regularly when lecturing: https://www.youtube.com/watch?v=uqXVAo7dVRU 

A little more about Dr Daniel Crosby: 

• https://www.standarddeviationspod.com/ 

You can also read more on my blog: https://www.nudgingfinancialbehaviour.com/system-1-and-system-2/  

Or watch to the video version of this podcast episode: https://youtu.be/9qa45_juNS4

Special thanks to everyone who has helped put this series together:    

• Our sponsors: IG Markets South Africa