Growth Mindset Psychology: The Science of Self-Improvement Human Nature Vs. Money: Battling Irrationality & Thinking Traps [#2 Cognitive Biases]
May 19, 2024
A deep dive into cognitive biases and manipulation tactics that impact decision-making. Learn how to protect against pricing tactics, make better investments, and reduce irrational decisions. Explore real-life examples of anchoring bias and financial traps, emphasizing the importance of recognizing losses and avoiding sunk cost fallacy. Discover how overconfidence and information bias can distort judgment, leading to inaccurate predictions in decision-making processes.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 3min
Understanding Decision Biases in Consumer Behavior
03:11 • 14min
Navigating Financial Traps and Sunk Cost Fallacy
17:26 • 3min
Exploring Overconfidence and Information Bias in Decision-Making
20:29 • 6min
Exploring Decision-Based Cognitive Biases in Financial Decisions
26:16 • 2min