Georgios talks to neuroeconomist Jon Wegener, who explains why emotions, not logic, control your financial decisions and reveals practical science-backed systems to rewire your brain for smarter spending, saving, and investing.Why You Should WatchIf you:✓ Doom-scroll financial apps or news constantly and feel worse even when you're making money✓ Fall victim to FOMO when everyone's talking about AI, Tesla, or crypto✓ Use shopping as therapy, without understanding if it's good or bad✓ Struggle with impulse investing, revenge spending, or money anxiety✓ Tie your self-worth to your net worth✓ Wonder why intelligent, successful people still make terrible financial decisionsThen this episode is for you.
What You'll Learn✓ Loss aversion explained — Why losing €100 hurts 2x more than gaining €100 feels good; and it's impact on investing and wellbeing✓ Jon will show you how to use small emotional expenses as fuel for investing, drawing on his research in neuroeconomics and his investing book, The Cafe Latte Rule.✓ Why your trading app is destroying your returns — And how to fix it✓ Why are news deregulating you, not informing you
✓Break myths and misconceptions about money behaviours and transform them into our assets, backed by neuroscience✓ Turning bad money habits into assets — Revenge spending, shopping therapy, FOMO trades✓ How to make calm money decisions — The 24-hour rule, friction, and the power of boredom✓ AI in investing — Friend or foe? When to use ChatGPT for money decisions (and when not to)✓ Why wealthy people still struggle — The paradox of money and happinessAbout Jon WegenerJon Wegener is a neuroeconomist, author, and lecturer who studies how emotions, attention, and the brain shape financial decisions. He co-authored The Caffe Latte Rule (in Danish), focusing on practical ways to design better money habits, avoid emotional traps, and build long-term wealth through realistic, brain-based strategies.Follow Jon Wegener
https://www.jonwegener.dk/
www.linkedin.com/in/jonwegener/www.instagram.com/wegenerjonwww.facebook.com/jon.wegener/Follow Georgios herewww.instagram.com/georgios.stathousis/Chapters00:00 Neuro-economics Behind Financial Decisions (Teaser)01:49 Your Brain, Emotions & Attention Are Sabotaging Your Money Decisions03:25 In Pursuit Of Understanding How Our Brain Makes Economic Decisions04:29 Why Neuro-Economics Really Matters (vs. Rational Investor theory)08:38 Why Emotions Drive Investment Decisions09:04 Neuro-economist Explains Why "Loss Aversion" Is Hard-Wired In Our Brain and Ruling Our Decisions10:47 How Jon Applies Neuroscience To Improve Wealth and Wellbeing12:36 Neuro-economist On Whether More Money Makes You Happier15:02 Investing With Neuro-Economics: The Cafe Latte Rule21:25 The Psychological Effects of Trading Apps23:25 Why News Deregulates You, Not Informing You24:56 How Unexpected Wins Fuel Riskier Action: Dopamine-Reward Circuitry26:14 Why Adding Friction Is Good, Not Bad, to Reduce Impulsivity27:09 The Role of Time Delay & Calm Brain In Controlling Impulsesan 29:12 AI in Investing: A Double-Edged Sword34:34 Debunking Extravagant Spending Based On Neuroscience36:27 The Psychology Behind Shopping Therapy40:08 Why Overpaying Hurts42:11 The Importance of Teaching About Money at Early Age45:02 Creating a Money Mindset Blueprint: Practical Steps for Disciplined Money Behaviour50:45 Differences in Financial Decision-Making Between Men and Women53:22 The EU's Gender Equality Regulation for Boards----The BAD Podcast helps you build Behaviours that drive Achievement through Discipline.Listen to unfiltered conversations with scientists, athletes, founders and leaders to understand the science, habits, and mindset behind discipline and high performance. You’ll gain real-world knowledge and easy-to-follow blueprints to become your best, smartest, fulfilled self. New episodes on Wednesdays.
