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All about your brain & obtaining real-world behavioral finance knowledge! Listeners have access to original and engaging discussion of behavioral finance and cognitive bias.

All about your brain & obtaining real-world behavioral finance knowledge! Listeners have access to original and engaging discussion of behavioral finance and cognitive bias.
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Location:

United States

Description:

All about your brain & obtaining real-world behavioral finance knowledge! Listeners have access to original and engaging discussion of behavioral finance and cognitive bias.

Language:

English


Episodes

Confirmation Bias: #7

5/21/2019
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Strategies for investors, lawyers, intelligence analysts, and everyday life. Gather evidence to strategize if on the correct path - we are looking for confirmation. But, beware of "Idea Inoculation", which can result in not seeing all of the options, because we cherry pick the evidence to support our strategic plan. Don't miss the evidence and be taken down by confirmation bias! Think deeply and frequently about your positions, and self-reflect on the evidence.

Duration:00:25:17

When to Upend the Status Quo?: #6

5/14/2019
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The default effect is a strategy used in marketing with great success. It is very human to go with the 'status quo'. There is a natural brain benefit, because all of these little decisions can results in mental/decision fatigue. In investing it maybe necessary to overcome the default by reconstructing the entire portfolio, to reconsider the current stance and possibly make changes. Opting out or making a new decision is fatiguing, but going with the status quo can have a nefarious effect.

Duration:00:13:17

Decision Fatigue | Strategies for Success: #5

5/7/2019
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How do you avoid decision fatigue? Strategies used by George Baxter, JD, CFA include limiting his decisions outside of his professional life as a hedge fund manager, thereby fighting the chances of becoming fatigued. For example, you can follow others leads in ordering food. Make use of automated strategies and use default rules to make decisions. This will help you to reduce decision fatigue. Humans make multiple decisions in a day, excessive numbers of options can also result in...

Duration:00:15:25

Groupthink Part 2: #4

4/30/2019
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Learn specific risks and benefits of working in teams, by maximizing group benefit by avoiding mental model of Groupthink bias. Groups tend toward an optimal level of function where the members understand and appreciate their skill set, but remain open to exploring new ideas and innovating. Newly formed groups may struggle to get their bearings as they explore one another's skills. Mature groups who worked together are often more efficient, but risk becoming polarized and hardened in their...

Duration:00:31:45

Groupthink Part I: #3

4/22/2019
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We take a deep dive into the benefits of thinking in groups and how our mental models change through group interactions. Team members can help us to flesh out our mental models in a variety of situations. Seeking multiple opinions can give you a wider perspective, but other people’s opinions can have an oversized effect on your thinking. Benjamin Graham spoke about the quality of your analysis making a big difference, but also that listening to groups can aid you to be a better investor....

Duration:00:24:48

Value drives our lives! Your brains response to value & investing lives: #2

4/14/2019
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Value runs deeply within your brain. The brain’s reward systems respond to primary incentives, but the story does not end there. People amplify the value of objects and experiences to a dramatic degree through our shared perceptions. Investing is guided by both ground truth value and our extended mental models of the situation. The social narrative can amplify value, as is the case of Warren Buffet’s signed ukulele selling for upwards of $10,000. Human perception drives the value of art,...

Duration:00:25:18

Mental Models: Your brain & behavioral finance: #1

4/4/2019
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Do you want to learn about Mental Model$, behavorial finance and neuroscience/your brain? Do you want to know how your brain functions and the interactions with financial decision making? This show is for you! This show is also the perfect opportunity for listeners to meet the hosts and get to know their style. Mental Model$ Podcast provides listeners with an opportunity to enjoy original, high-quality content. Tune in, subscribe and discover why listeners refuse to miss Mental Models...

Duration:00:13:40