logo
episode-header-image
May 2024
31m 9s

Human Nature Vs. Money: Battling Irratio...

Growth Mindset Psychology
About this episode

Manipulation tactics that work - Irrational behaviours that don't - Prediction Fallacies we fall for.

In this episode, we dive further into our series on cognitive biases and how they cloud our judgment.

Studying applied psychology we can learn how we get manipulated by companies and start to protect ourselves from our own irrationality.

Take homes:

  • How to protect ourselves against pricing tactics
  • Reduce irrational decisions
  • Build awareness of the truth
  • Reduce unpleasant surprises
  • Make better investments


Further reading:


Further Listening

Enjoyed this episode? Check out the rest of the Cognitive Ciases series:

  1. Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th]
  2. [YOU ARE HERE] - Human Nature vs. Money
  3. Confirmation Bias and the 7 Sins of Lazy Thinking - [June 4th]
  4. Reality Distortion and the 7 Illusions of Perception Impact Everyone - [June 18th]
  5. Cognitive Rigidity and How Einstein Overcame the 5 Biases that Keep Us Stuck - [June 19th]
  6. Thinking Fast and Slow: How to Make Better Decisions - [July 12th]


Sponsor - Cozy Earth

Luxury Bamboo sheets and Loungeware that become softer the more you use them.

35% off code 'GROWTH' - CozyEarth.com


Sponsor - LinkedIn Jobs

Promote your job for free to over 1 billion professionals.

LinkedIn.com/Growth


Discussed links


Growth Mindset pod

Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.

Success and happiness is a state of mind unique to ourselves and is our responsibility to create.


Chapters

00:00 SECTION - Framing effects

00:01 #1 Anchoring Bias

02:54 The Opposite Strategy

04:59 #2 Framing Effect

08:06 #3 Decoy Effect

10:45 SECTION - Irrational

10:47 #4 Gambler's Fallacy

16:45 #5 Sunk Cost Fallacy

19:21 SECTION - Bad Prediction Flaws

19:55 #6 Overconfidence Bias

21:30 #7 Information Bias

25:34 Send Off

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Up next
Sep 12
How To Overcome Your Problems With Curiosity and adventure - /w GeoWizard (Tom Davies)
Ever felt like life’s locked you in a box and thrown away the key? Tom Davies (GeoWizard) knows the feeling—and he picked the locks with curiosity and a pinch of madness. This isn’t your standard self-help fluff. Tom went from odd jobs and dead-end days to having 1.4 million foll ... Show More
47m 4s
Sep 9
The Hidden Connections Between Movement and Mental Strength You Need To Know
Freedom doesn’t arrive when you finally “figure it all out”—it arrives the moment you move.We’ve built mental walls around the idea that creativity is genetic and strength is inherited. But imagine a world where every step, stretch, or stumble is a tiny act of liberation, welding ... Show More
30m 30s
Sep 5
How to Build More Memories Instead of More To-Dos - w/ Jodi Wellman
Positive Psychology applied to the shortness of life. This episode is a repeat of a masterclass from last year on living wider and deeper with psychologist and author Jodi Wellman. We cover: The walking dead vs astonishingly alive Overcoming habits and autopilot living Regret avo ... Show More
56m 38s
Recommended Episodes
Aug 26
Thinking Fast & Slow - Daniel Kahneman
Why is there more chance we'll believe something if it's in a bold type face? Why are judges more likely to deny parole before lunch? Why do we assume a good-looking person will be more competent?The answer lies in the two ways we make choices: fast, intuitive thinking, and slow, ... Show More
44m 51s
Jul 2025
TIP739: The Psychology Of Human Misjudgement
On today’s episode, Kyle Grieve discusses Charlie Munger’s legendary speech, The Psychology of Human Misjudgment, and unpacks all 25 of his cognitive biases that often lead even the most intelligent people to make poor decisions. Drawing from Poor Charlie’s Almanack, Kyle explore ... Show More
1h 1m
Oct 9
Critical Thinking 4 | The Enemy Within: How Cognitive Biases Hijack Your Thinking
Why do smart people believe irrational things? Why do we cling to our beliefs even in the face of overwhelming evidence? The biggest obstacle to critical thinking isn't always "out there"—it's inside our own heads. Our brains are hardwired with mental shortcuts, or cognitive bias ... Show More
22m 9s
Aug 2022
Ep267 - Daniel Kahneman | Thinking, Fast and Slow
<p><span data-sheets-value= "{"1":2,"2":"Nobel Prize-winning psychologist Daniel Kahneman visits Google to discuss his book Thinking, Fast and Slow.\n\nIn this Talk, Kahneman takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think - ... Show More
1h 4m
Feb 2025
The No.1 Brain Doctor: "This Parenting Mistake Ruins Your Kids Brain!", "Alcohol or Marijuana Will Destroy Your Brain!", "A Stagnant Career Can Increase Your Chance Of Alzheimers!" - Dr Daniel Amen
Are our brains under attack? Based on a bank of over 200,000 brain scans, Dr Daniel Amen reveals the hidden threats silently destroying our minds and steps to fight back   Dr Daniel Amen is a psychiatrist and brain disorder specialist, and founder and CEO of the Amen Clinics. He ... Show More
2h 19m
Mar 2025
1123: David Eagleman | Your Prehistoric Brain on Modern Problems
<p><strong>David Eagleman explains <em>why</em> counterfeiting works, <em>how</em> our empathy fails, <em>why</em> mind reading remains elusive, and <em>if</em> we'll ever upload our minds to computers.</strong></p> <strong>What We Discuss with David Eagleman:</strong> <ul> <li> ... Show More
1h 9m
Oct 2
Spot Lies in 5 Seconds!- I Teach FBI, CIA & WOMEN How to Decode Lies, Deception & Manipulation FAST! PT 2
Continuing the riveting conversation from Part 1, Dr. Abbie Maroño and Lisa Bilyeu take us deeper into the world of manipulation, persuasion, and psychological self-defense. Dr. Abbie unpacks how master manipulators use the very same body language and behavioral cues of trustwort ... Show More
46m 39s
Sep 24
Part Two: The Rise of Cancel Culture, Distrust in Science & Misinformation: Dr. Steven Pinker Reveals The Hidden Psychology That Threatens Society.
The Rising Risks of Cancel Culture & The Psychology & Language That Built It! In this explosive episode of Mayim Bialik's Breakdown, Dr. Steven Pinker (renowned Harvard psychologist and author of When Everyone Knows That Everyone Knows) joins Mayim Bialik and Jonathan Cohen for a ... Show More
54m 41s
Feb 2025
1114: Dr. Alok Kanojia | Breaking the Cycle of Digital Dependence
<p><strong>Psychiatrist <a href="https://www.healthygamer.gg/dr-alok-kanojia" target="_blank" rel="noopener">Dr. Alok Kanojia</a> discusses the hidden psychology of modern tech addiction and shares evidence-based strategies for breaking free!</strong></p> <strong>What We Discuss ... Show More
1h 28m
Sep 29
#324 Using Behavioral Science to Hack Your Customers Minds with Richard Shotton, Founder at Astroten
Behavioral science is revolutionizing how businesses connect with customers and influence decisions. By understanding the psychological principles that drive human behavior, companies can create more effective marketing strategies and product experiences. But how can you apply th ... Show More
58m 36s