In this episode, we explore why intelligent individuals often make irrational financial decisions, suggesting that the human mind is not a unified decision engine, especially when money is involved. We also discuss how ingrained psychological responses like loss aversion and narrative bias can override logic, leading to choices that seem counterintuitive but are deeply human.

Chapters

00:00 The Impulse to Act

00:02 Brain’s Decision Making

00:06 Loss Aversion and Fear

00:08 Narrative Bias and Social Comparison

00:11 Intelligence vs. Behavioral Finance

00:12 Financial Environment and Human Nature