

Ep73 "How do we fool ourselves in the stock market?"
11 snips Aug 26, 2024
Mark Matson, an author and expert on cognitive biases, dives into the fascinating intersection of neuroscience and investing. He discusses how cognitive illusions can mislead investors, highlighting the dangers of biases like herding and familiarity. Matson uses historical examples, such as Kodak and Blockbuster, to illustrate the perils of emotional decision-making. He also introduces the Ulysses contract to help investors maintain discipline and avoid self-deception, emphasizing the need for systematic approaches in financial choices.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Intro
00:00 • 2min
Neuroscience and Stock Market Irrationality
02:06 • 15min
The Perils of Herding Bias in Investment Decisions
17:07 • 5min
The Perils of Familiarity Bias in Investing
21:59 • 13min
Understanding Efficient Markets and Emotional Investing
34:31 • 9min
Understanding Self-Deception in Investing
43:01 • 14min
Navigating Decision-Making in the Stock Market
56:37 • 4min