Modern Wisdom cover image

#508 - Nate Hagens - The World's Coming Energy Catastrophe

Modern Wisdom

00:00

Understanding Anchoring Bias in Financial Decisions

This chapter explores anchoring bias and how it affects individuals' spending habits, especially regarding taxes and pensions. It highlights a case where younger people are more willing to increase pension contributions tied to future salary raises, illustrating resistance to adjusting current expenses.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app