Ethics & decision making: how we rationalise our financial choices [🧠Brain Hacks]
Australian Finance Podcast
00:00
Rational vs. Reasonable Decision-Making in Finance
The chapter explores the concept of rational decision-making in finance, suggesting 'reasonable' thinking as a more practical alternative. It delves into economic theory, personal influences on financial decisions, ethical considerations, and the impact of biases on rational decision-making. The speakers emphasize the importance of aligning financial choices with personal values and goals, managing biases, and understanding the ethical implications of financial decisions on others.
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