The Rational Reminder Podcast

Episode 260: Prof. James Choi: Practical Finance

21 snips
Jul 6, 2023
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Episode notes
1
Introduction
00:00 • 5min
2
The Paradigm of Science
04:44 • 2min
3
How to Be Smarter About Your Finances
06:35 • 2min
4
How Normal People Make Personal Financial Decisions
08:55 • 3min
5
The Importance of Consistency in Saving
12:19 • 3min
6
The Differences Between Personal Finance Advice and Economic Theory
14:51 • 2min
7
The Virtue of Saving
16:41 • 2min
8
The Importance of Consumption Smoothing
18:13 • 4min
9
The Effect of Stock Market Mean Reverse on Asset Allocation
22:29 • 5min
10
The Importance of Financial Choices
27:16 • 3min
11
The Impact of the Rare Disaster Theory on Portfolio Shares
29:46 • 2min
12
How to Apply Economic Theory to Your Own Asset Allocation Decisions Without Needing to Solve a Complex Dynamic Programming Problem
31:49 • 4min
13
Non-Standard Errors in Non-Statistical Models
35:41 • 2min
14
The Economics of Non-Participation in the Stock Market
37:24 • 2min
15
The Hidden Costs of Investing in the Stock Market
39:12 • 2min
16
Why People Invest in Active Management
40:58 • 2min
17
How Famous Economists Invest Their Money
42:48 • 2min
18
How to Choose Between Stocks and Bonds
44:20 • 2min
19
The Effect of Home Bias on Concentrated Equity Holdings
45:56 • 2min
20
The Importance of Diversification in Personal Finance
47:27 • 2min
21
The Importance of Experience in Belief Formation
49:01 • 2min
22
How to Differentiate Between Mistakes and Behavior That Makes Sense
50:46 • 2min
23
The Role of the Financial Advisor in High Fee Index Funds
52:23 • 4min
24
The Role of Financial Advice in Changing Behavior
56:05 • 2min
25
The Importance of Education in the Behavior of Families
58:18 • 4min
26
The Importance of Living Paycheck to Paycheck
01:02:13 • 2min
27
The Argument That Owning a Home Hedges Your Housing Costs
01:03:44 • 2min
28
The Risk of Execution in Housing Transactions
01:05:41 • 2min
29
How to Define Success in Your Life
01:07:59 • 3min