Afford Anything

The Hidden Psychology of Financial Pressure, with Dr. Sunita Sah

12 snips
Jan 17, 2025
Dr. Sunita Sah, a tenured professor at Cornell University and expert in organizational psychology, examines the intriguing psychology behind why we often comply with authority figures, even when it feels wrong. Delving into personal experiences, she highlights the hidden pressures in financial advice and the struggle between ethical decisions and societal expectations. Sah emphasizes the importance of financial literacy and encourages listeners to build assertiveness in their decision-making, especially under pressure, to promote healthier financial choices.
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ANECDOTE

Dr. Sah's Financial Advisor Meeting

  • Dr. Sunita Sah met with a financial advisor while working long hours as a junior doctor.
  • She felt pressured to accept his advice even after he disclosed a conflict of interest.
INSIGHT

Pressure to Comply

  • "Insinuation anxiety" is the pressure to avoid signaling distrust, even when advice feels wrong.
  • The "sales pitch effect" is the pressure to appear helpful, especially when someone's gain is tied to our compliance.
INSIGHT

Defiance as a Skill

  • Defiance is a skill, not a personality trait, and can be developed.
  • We are often socialized to comply, making it hard to recognize situations where defiance is beneficial.
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