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How Cognitive Biases Cause us to Overspend with Amanda Montell

Frugal Friends Podcast

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The Importance of Limits in Creativity

Having reasonable boundaries can increase creativity and productivity. Removing excess can simplify problems, making them easier to solve within set limits. The term 'behavioral economics' aptly describes how biases apply not only to finances but also to interpersonal relationships and social dynamics. In the digital age, non-monetary currencies like social media followers and relationships hold significant value, emphasizing the need for boundaries in creativity and problem-solving.

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