

Money Talks: Is Pop Finance Rubbish?
Jan 30, 2024
Yale finance professor James Choi discusses his research on personal finance books and compares their advice with economic theory, exploring flaws in personal finance orthodoxy. They delve into topics such as the timing of savings, the hedonic treadmill, scolding in personal finance advice, the blind spot of social security income in finance books, and the rationality of saving while in debt.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Introduction
00:00 • 2min
Exploring Personal Finance Advice and Economic Orthodoxy
01:42 • 8min
The Hedonic Treadmill and the Evolution of Behavioral Economics
10:11 • 4min
The Phenomenon of Scolding in Personal Finance Advice
14:27 • 14min
The Blind Spot in Personal Finance Books: Social Security Income
28:53 • 3min
Rationality of saving while in debt
32:12 • 7min