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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]


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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

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