Shannon Lee Simmons

Shannon Lee Simmons, a certified financial planner and author, highlights the normalization of sports betting among youth and how it influences their investing habits. Behavioral researchers Perry Wright and Hans Frech explore the parallels between gambling and speculative investing, dissecting the factors like excitement and social comparisons that drive risky behaviors. They discuss app design elements that encourage frequent trading and suggest guardrails like pre-set limits to protect users' finances. This fascinating conversation sheds light on the blurred lines between gambling and investing.