The Psychology of Financial Planning podcast has been downloaded hundreds of times already. This week's episode is on biases of heuristic, but we're not going to run through the list of 50 cognitive biases and academic explanations. As a practicing financial planner, I got to tell you, it's not that useful. So hopefully we'll talk a little bit about that.
Dr. Charles and Dr. Brad talk about the usefulness (and lack thereof) of behavioral finance as it relates to financial planning practice. They then dive into several of the biases and heuristics that they see as most relevant to a practitioner and how each can be applied in practice.